UL Solutions (ULS) to Release Quarterly Earnings on Thursday

UL Solutions (NYSE:ULS - Get Free Report) is projected to release its earnings data before the market opens on Thursday, February 20th. Analysts expect UL Solutions to post earnings of $0.38 per share and revenue of $726.54 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

UL Solutions Price Performance

ULS traded down $0.65 during trading on Friday, reaching $56.71. The company had a trading volume of 560,665 shares, compared to its average volume of 381,507. The business has a 50 day simple moving average of $52.03 and a 200-day simple moving average of $51.79. UL Solutions has a 52 week low of $33.15 and a 52 week high of $59.23. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85.

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 28th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.92%. This is an increase from UL Solutions's previous quarterly dividend of $0.13. The ex-dividend date is Friday, February 28th.

Insider Activity at UL Solutions

In other UL Solutions news, insider Gitte Schjotz sold 5,941 shares of UL Solutions stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $52.58, for a total value of $312,377.78. Following the transaction, the insider now owns 69,191 shares in the company, valued at $3,638,062.78. The trade was a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Analysts Set New Price Targets

ULS has been the subject of several research analyst reports. The Goldman Sachs Group lifted their target price on UL Solutions from $45.00 to $51.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. UBS Group lifted their target price on UL Solutions from $52.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Wells Fargo & Company lifted their target price on UL Solutions from $56.00 to $62.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird lifted their target price on UL Solutions from $53.00 to $57.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. 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, the company has an average rating of "Moderate Buy" and an average target price of $49.00.

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.