Universal Technical Institute Inc. (UTI) Expected to Earn FY2020 Earnings of $0.11 Per Share
Universal Technical Institute Inc. (NYSE:UTI) – Research analysts at Gabelli issued their FY2020 earnings per share estimates for Universal Technical Institute in a report issued on Wednesday. Gabelli analyst B. Lucas expects that the brokerage will earn $0.11 per share for the year.
Universal Technical Institute (NYSE:UTI) traded up 2.89% on Thursday, reaching $1.78. 199,521 shares of the company’s stock were exchanged. Universal Technical Institute has a 1-year low of $1.51 and a 1-year high of $5.88. The company has a 50 day moving average price of $2.21 and a 200-day moving average price of $3.01. The company’s market capitalization is $43.34 million.
Universal Technical Institute (NYSE:UTI) last posted its earnings results on Thursday, August 4th. The company reported ($0.21) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.01. Universal Technical Institute had a negative net margin of 13.84% and a negative return on equity of 34.51%. The company had revenue of $82.30 million for the quarter, compared to analysts’ expectations of $81.60 million.
Large investors have recently modified their holdings of the company. Paloma Partners Management Co bought a new stake in shares of Universal Technical Institute during the second quarter valued at approximately $172,000. Mcclain Value Management LLC raised its stake in Universal Technical Institute by 34.3% in the second quarter. Mcclain Value Management LLC now owns 129,045 shares of the company’s stock valued at $292,000 after buying an additional 32,934 shares in the last quarter. Guggenheim Capital LLC raised its stake in Universal Technical Institute by 5.1% in the second quarter. Guggenheim Capital LLC now owns 360,777 shares of the company’s stock valued at $815,000 after buying an additional 17,647 shares in the last quarter. Renaissance Technologies LLC raised its stake in Universal Technical Institute by 1.8% in the first quarter. Renaissance Technologies LLC now owns 853,800 shares of the company’s stock valued at $3,680,000 after buying an additional 15,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Universal Technical Institute by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 752,208 shares of the company’s stock valued at $1,700,000 after buying an additional 11,429 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.
Universal Technical Institute Company Profile
Universal Technical Institute, Inc provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. The Company segments are Postsecondary education and Other. It offers undergraduate degree or diploma programs at approximately 10 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.
Receive News & Stock Ratings for Universal Technical Institute Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Technical Institute Inc. and related stocks with our FREE daily email newsletter.