Universal Technical Institute (NYSE:UTI) issued its quarterly earnings data on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.11), RTT News reports. Universal Technical Institute had a negative net margin of 4.87% and a negative return on equity of 6.42%.

Universal Technical Institute (UTI) traded up $0.03 during midday trading on Friday, reaching $3.68. The company had a trading volume of 29,400 shares, compared to its average volume of 45,256. Universal Technical Institute has a 12 month low of $2.36 and a 12 month high of $5.38. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.33.

A number of equities analysts recently weighed in on the company. ValuEngine cut Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $6.00 price target on shares of Universal Technical Institute in a report on Tuesday, October 17th. Finally, Zacks Investment Research cut Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd.

An institutional investor recently raised its position in Universal Technical Institute stock. Northern Trust Corp raised its position in shares of Universal Technical Institute Inc (NYSE:UTI) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,052 shares of the company’s stock after acquiring an additional 1,330 shares during the quarter. Northern Trust Corp owned approximately 0.21% of Universal Technical Institute worth $186,000 as of its most recent SEC filing. 57.73% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Universal Technical Institute (UTI) Releases Quarterly Earnings Results, Misses Estimates By $0.11 EPS” was posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/01/universal-technical-institute-uti-releases-quarterly-earnings-results-misses-estimates-by-0-11-eps.html.

Universal Technical Institute Company Profile

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).

Earnings History for Universal Technical Institute (NYSE:UTI)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.