Universal Technical Institute (UTI) Releases Quarterly Earnings Results, Misses Estimates By $0.11 EPS
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.
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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).
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