Analysts Anticipate Universal Technical Institute, Inc. (UTI) to Post -$0.19 Earnings Per Share

Wall Street brokerages expect Universal Technical Institute, Inc. (NYSE:UTI) to post ($0.19) earnings per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Universal Technical Institute’s earnings. Universal Technical Institute reported earnings per share of ($0.12) in the same quarter last year, which suggests a negative year over year growth rate of 58.3%. The company is expected to announce its next earnings report on Thursday, May 3rd.

On average, analysts expect that Universal Technical Institute will report full year earnings of ($0.79) per share for the current financial year. For the next financial year, analysts expect that the company will post earnings of ($0.45) per share, with EPS estimates ranging from ($0.51) to ($0.38). Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Universal Technical Institute.

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Universal Technical Institute (NYSE:UTI) last posted its earnings results on Thursday, February 8th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). The company had revenue of $81.16 million during the quarter. Universal Technical Institute had a negative return on equity of 7.58% and a negative net margin of 2.35%.

Several brokerages have recently commented on UTI. ValuEngine downgraded shares of Universal Technical Institute from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Universal Technical Institute in a report on Friday, December 1st. Finally, Zacks Investment Research downgraded shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Thursday, December 7th.

Hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. purchased a new stake in Universal Technical Institute in the third quarter worth approximately $289,000. Alyeska Investment Group L.P. raised its holdings in Universal Technical Institute by 52.5% in the third quarter. Alyeska Investment Group L.P. now owns 575,653 shares of the company’s stock worth $1,998,000 after purchasing an additional 198,298 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Universal Technical Institute by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 842,373 shares of the company’s stock worth $2,923,000 after acquiring an additional 28,802 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Universal Technical Institute by 4.9% in the second quarter. Goldman Sachs Group Inc. now owns 44,919 shares of the company’s stock worth $160,000 after acquiring an additional 2,086 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Universal Technical Institute by 2.6% in the second quarter. Northern Trust Corp now owns 52,052 shares of the company’s stock worth $186,000 after acquiring an additional 1,330 shares during the last quarter. 62.67% of the stock is owned by institutional investors and hedge funds.

Shares of Universal Technical Institute (NYSE:UTI) traded up $0.01 during midday trading on Tuesday, reaching $2.69. 6,999 shares of the company were exchanged, compared to its average volume of 26,161. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.26. Universal Technical Institute has a 1-year low of $2.21 and a 1-year high of $3.87. The company has a market cap of $66.53, a price-to-earnings ratio of -5.27 and a beta of 3.34.

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About Universal Technical Institute

Universal Technical Institute, Inc is a provider of postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time enrollment and graduates. The Company offers undergraduate degree or diploma programs at approximately 12 campuses across the United States under the banner of various brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, MMI) and NASCAR Technical Institute (NASCAR Tech).

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