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Universal Technical Institute, Inc. (UTI) provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde.
It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.
The company also provides manufacturer specific advanced training programs, including student paid electives at its campuses; and manufacturer or dealer sponsored training at various campuses and dedicated training centers.
It serves students, partners, and communities by providing education and support services in various fields.
Universal Technical Institute, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona.
Please note, this stock reports earnings on Wednesday, February 7th.
Universal Technical Institute reported earnings of $0.17 per share on revenue of $174.70 million for the fiscal first quarter ended December 2023. The consensus earnings estimate was $0.06 per share on revenue of $168.33 million. The company beat consensus estimates by 183.33% while revenue grew 45.57% on a year-over-year basis.
The company said it expects fiscal 2024 earnings of $0.67 to $0.72 per share on revenue of $710.0 million to $720.0 million. The company's previous guidance was earnings of $0.53 to $0.58 per share on revenue of $705.0 million to $715.0 million and the current consensus earnings estimate is $0.62 per share on revenue of $708.84 million for the year ending September 30, 2024.
Universal Technical Institute graduates who have earned their FAA certifications are guaranteed a first-round job interview with Hawaiian Airlines. If hired, they are eligible for a sign-on bonus of up to $10,000 and a relocation budget of up to $12,000.
Entry Point: $15.00
Trading Range: $5.63 - $16.39
Stop Loss: $14.25
Target Price: $16.50
