Universal Technical Institute (UTI) Projected to Post Earnings on Wednesday

Universal Technical Institute (NYSE:UTI - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $193.75 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Universal Technical Institute Price Performance

UTI stock traded up $0.14 during mid-day trading on Wednesday, reaching $26.35. 341,445 shares of the company traded hands, compared to its average volume of 476,891. Universal Technical Institute has a 52-week low of $13.23 and a 52-week high of $27.29. The company has a market capitalization of $1.43 billion, a P/E ratio of 35.60, a P/E/G ratio of 1.84 and a beta of 1.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08. The company has a fifty day moving average price of $25.80 and a 200-day moving average price of $20.26.

Insider Activity

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the sale, the director now owns 128,205 shares of the company's stock, valued at $3,323,073.60. This represents a 18.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 15.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on UTI. Barrington Research upped their target price on shares of Universal Technical Institute from $25.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Truist Financial upped their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Lake Street Capital lifted their price objective on Universal Technical Institute from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Rosenblatt Securities upped their target price on Universal Technical Institute from $22.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Finally, B. Riley lifted their price target on Universal Technical Institute from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Universal Technical Institute has an average rating of "Buy" and a consensus price target of $27.17.

About Universal Technical Institute

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.