Universal Technical Institute (NYSE:UTI)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued to investors on Thursday, Stock Ratings Network reports. They currently have a $15.00 price target on the stock. Zacks‘ price objective indicates a potential upside of 2.32% from the company’s current price.
Universal Technical Institute (NYSE:UTI) traded down 1.09% during mid-day trading on Thursday, hitting $14.50. 142,832 shares of the company’s stock traded hands. Universal Technical Institute has a 1-year low of $9.49 and a 1-year high of $14.82. The stock’s 50-day moving average is $13.24 and its 200-day moving average is $11.88. The company has a market cap of $354.6 million and a P/E ratio of 80.99.
Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.05. The company had revenue of $98.80 million for the quarter, compared to the consensus estimate of $87.54 million. During the same quarter last year, the company posted $0.10 earnings per share. Universal Technical Institute’s revenue was down 5.4% compared to the same quarter last year. Analysts expect that Universal Technical Institute will post $0.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 20th. Investors of record on Tuesday, December 10th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Friday, December 6th.
Separately, analysts at Thomson Reuters/Verus downgraded shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research note to investors on Monday, October 28th.
Universal Technical Institute, Inc (NYSE:UTI) provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians.
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