UL Solutions (ULS) to Release Quarterly Earnings on Tuesday

UL Solutions (NYSE:ULS - Get Free Report) is set to release its quarterly earnings data before the market opens on Tuesday, November 5th. Analysts expect UL Solutions to post earnings of $0.37 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

UL Solutions (NYSE:ULS - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.06. The company had revenue of $730.00 million during the quarter, compared to analyst estimates of $718.73 million. The business's quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts expect UL Solutions to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

UL Solutions Price Performance

Shares of ULS traded up $0.02 during trading hours on Tuesday, hitting $52.61. 528,548 shares of the stock were exchanged, compared to its average volume of 742,600. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.00. UL Solutions has a fifty-two week low of $33.15 and a fifty-two week high of $56.28. The business has a 50-day moving average of $51.48 and a 200-day moving average of $45.01.

UL Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 30th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, August 30th.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ULS. The Goldman Sachs Group raised their price objective on shares of UL Solutions from $40.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, August 1st. Robert W. Baird increased their price target on shares of UL Solutions from $46.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, August 1st. Wells Fargo & Company upped their target price on shares of UL Solutions from $43.00 to $56.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Baird R W cut shares of UL Solutions from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 12th. Finally, Citigroup assumed coverage on UL Solutions in a research report on Monday, October 7th. They issued a "buy" rating and a $60.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $45.80.

Insider Activity at UL Solutions

In other UL Solutions news, major shareholder Ulse Inc. sold 3,000,000 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $49.00, for a total value of $147,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

UL Solutions Company Profile

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.