Universal Technical Institute, Inc. Announces Quarterly Dividend of $0.10 (UTI)
Universal Technical Institute (NYSE:UTI) announced a quarterly dividend on Thursday, September 4th, AnalystRatings.Net reports. Stockholders of record on Friday, September 19th will be paid a dividend of 0.10 per share on Tuesday, September 30th. This represents a $0.40 annualized dividend and a dividend yield of 3.65%.
On the ratings front, analysts at Zacks upgraded shares of Universal Technical Institute from an “underperform” rating to a “neutral” rating in a research note on Monday, August 25th. They now have a $12.00 price target on the stock.
Shares of Universal Technical Institute (NYSE:UTI) traded down 0.91% on Thursday, hitting $10.85. 21,210 shares of the company’s stock traded hands. Universal Technical Institute has a 52-week low of $10.02 and a 52-week high of $15.16. The stock has a 50-day moving average of $11.5 and a 200-day moving average of $12.10. The company has a market cap of $266.8 million and a P/E ratio of 219.00.
Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.01 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.01. The company had revenue of $91.32 million for the quarter, compared to the consensus estimate of $91.31 million. During the same quarter last year, the company posted $0.01 earnings per share. Universal Technical Institute’s revenue was up .4% compared to the same quarter last year. On average, analysts predict that Universal Technical Institute will post $0.10 earnings per share for the current fiscal year.
Universal Technical Institute, Inc (NYSE:UTI) is the provider of postsecondary education for students seeking careers as professional automotive, diesels, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time enrollment and graduates.
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