Equities Analysts Set Expectations for UL Solutions Inc.’s FY2024 Earnings (NYSE:ULS)

UL Solutions Inc. (NYSE:ULS) – Investment analysts at William Blair issued their FY2024 earnings estimates for shares of UL Solutions in a research note issued to investors on Tuesday, May 7th. William Blair analyst A. Nicholas anticipates that the company will earn $1.54 per share for the year. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for UL Solutions’ FY2025 earnings at $1.59 EPS and FY2026 earnings at $1.70 EPS.

A number of other equities analysts have also recently issued reports on the company. The Goldman Sachs Group assumed coverage on UL Solutions in a report on Tuesday. They set a “neutral” rating and a $39.00 target price for the company. JPMorgan Chase & Co. assumed coverage on UL Solutions in a report on Tuesday. They set an “overweight” rating and a $39.00 target price for the company. Jefferies Financial Group assumed coverage on UL Solutions in a report on Tuesday. They set a “buy” rating and a $42.00 target price for the company. UBS Group began coverage on UL Solutions in a report on Tuesday. They set a “neutral” rating and a $38.00 target price for the company. Finally, Citigroup began coverage on shares of UL Solutions in a research note on Tuesday. They set a “buy” rating and a $41.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, UL Solutions presently has an average rating of “Moderate Buy” and an average price target of $40.30.

UL Solutions Stock Down 0.1 %

ULS stock opened at $35.76 on Thursday. UL Solutions has a 1 year low of $33.15 and a 1 year high of $36.92.

Insider Activity at UL Solutions

In other news, CAO Karen K. Pepping bought 3,571 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average cost of $28.00 per share, for a total transaction of $99,988.00. Following the purchase, the chief accounting officer now owns 3,571 shares of the company’s stock, valued at approximately $99,988. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other UL Solutions news, CAO Karen K. Pepping bought 3,571 shares of the stock in a transaction dated Tuesday, April 16th. The shares were bought at an average cost of $28.00 per share, with a total value of $99,988.00. Following the completion of the acquisition, the chief accounting officer now owns 3,571 shares of the company’s stock, valued at $99,988. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Linda S. Chapin bought 1,785 shares of the stock in a transaction dated Tuesday, April 16th. The shares were acquired at an average cost of $28.00 per share, for a total transaction of $49,980.00. Following the completion of the acquisition, the executive vice president now directly owns 1,785 shares of the company’s stock, valued at approximately $49,980. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 199,997 shares of company stock worth $5,599,916.

UL Solutions Company Profile

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.