Universal Technical Institute, Inc. (NYSE:UTI) Expected to Announce Earnings of -$0.03 Per Share


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Wall Street analysts expect that Universal Technical Institute, Inc. (NYSE:UTI) will report earnings of ($0.03) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Universal Technical Institute’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.12). Universal Technical Institute posted earnings of ($0.04) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 25%. The firm is expected to announce its next earnings report on Thursday, May 6th.

On average, analysts expect that Universal Technical Institute will report full-year earnings of $0.28 per share for the current year, with EPS estimates ranging from $0.22 to $0.38. For the next financial year, analysts forecast that the firm will post earnings of $0.51 per share, with EPS estimates ranging from $0.39 to $0.74. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Universal Technical Institute.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Thursday, February 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). Universal Technical Institute had a negative return on equity of 1.66% and a net margin of 2.66%. The company had revenue of $76.13 million during the quarter, compared to analysts’ expectations of $82.75 million.

Several brokerages have recently commented on UTI. Zacks Investment Research upgraded shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Friday, February 26th. Canaccord Genuity restated a “buy” rating and set a $11.00 price target on shares of Universal Technical Institute in a research note on Wednesday, March 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Universal Technical Institute currently has a consensus rating of “Buy” and a consensus target price of $9.45.

A number of large investors have recently bought and sold shares of the stock. RBF Capital LLC grew its stake in Universal Technical Institute by 18.2% in the 4th quarter. RBF Capital LLC now owns 462,235 shares of the company’s stock valued at $2,986,000 after buying an additional 71,319 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in Universal Technical Institute by 28.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 521,647 shares of the company’s stock valued at $3,370,000 after buying an additional 114,135 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Universal Technical Institute by 204.7% in the 4th quarter. JPMorgan Chase & Co. now owns 32,776 shares of the company’s stock valued at $212,000 after buying an additional 22,019 shares during the last quarter. Punch & Associates Investment Management Inc. grew its stake in Universal Technical Institute by 6.9% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 763,870 shares of the company’s stock valued at $4,935,000 after buying an additional 49,200 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Universal Technical Institute by 1.8% in the 4th quarter. Nuveen Asset Management LLC now owns 103,243 shares of the company’s stock valued at $667,000 after buying an additional 1,823 shares during the last quarter. Institutional investors and hedge funds own 68.77% of the company’s stock.

UTI stock traded down $0.07 during midday trading on Friday, reaching $6.02. The company had a trading volume of 743 shares, compared to its average volume of 168,362. Universal Technical Institute has a 1 year low of $4.47 and a 1 year high of $8.31. The company has a market capitalization of $197.09 million, a P/E ratio of -55.36, a PEG ratio of 1.37 and a beta of 1.15. The company has a 50 day moving average of $6.07 and a two-hundred day moving average of $5.94.

About Universal Technical Institute

Universal Technical Institute, Inc provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians in the United States. It offers certificate, diploma, or degree programs; and specialized technical education programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.

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Earnings History and Estimates for Universal Technical Institute (NYSE:UTI)

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