UL Solutions (NYSE:ULS - Get Free Report) is expected to be releasing its earnings data before the market opens on Thursday, March 6th. Analysts expect UL Solutions to post earnings of $0.38 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.
UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The company had revenue of $739.00 million for the quarter, compared to analysts' expectations of $726.54 million. On average, analysts expect UL Solutions to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
UL Solutions Stock Performance
ULS stock traded up $0.04 on Friday, reaching $53.08. The company's stock had a trading volume of 527,644 shares, compared to its average volume of 500,006. The company has a market capitalization of $10.63 billion and a P/E ratio of 32.77. The firm has a fifty day moving average of $52.67 and a two-hundred day moving average of $52.05. UL Solutions has a 52 week low of $33.15 and a 52 week high of $59.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31.
UL Solutions Increases Dividend
The firm also recently disclosed 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 is a positive change from UL Solutions's previous quarterly dividend of $0.13. The ex-dividend date is Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.98%. UL Solutions's dividend payout ratio (DPR) is 32.10%.
Insider Transactions at UL Solutions
In related news, insider Gitte Schjotz sold 5,941 shares of UL Solutions stock in a transaction on Monday, December 9th. The shares were sold at an average price of $52.58, for a total value of $312,377.78. Following the completion of the sale, the insider now owns 69,191 shares of the company's stock, valued at approximately $3,638,062.78. The trade was a 7.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on ULS. Wells Fargo & Company increased their price objective on UL Solutions from $56.00 to $62.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Citigroup upped their target price on UL Solutions from $60.00 to $60.50 and gave the company a "buy" rating in a report on Tuesday, February 25th. Robert W. Baird lifted their price target on UL Solutions from $53.00 to $57.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. The Goldman Sachs Group boosted their price objective on UL Solutions from $51.00 to $57.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Finally, UBS Group raised their target price on shares of UL Solutions from $52.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $51.45.
View Our Latest Research Report on ULS
About UL Solutions
(
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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.
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