Universal Technical Institute Inc reports results for the quarter ended June 30 - Earnings Summary

• Universal Technical Institute Inc UTI.N reported quarterly adjusted earnings of 19 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of seven analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 9 cents to 13 cents per share.

• Revenue rose 15.1% to $204.30 million from a year ago; analysts expected $199.98 million.

• Universal Technical Institute Inc's reported EPS for the quarter was 19 cents​.

• The company reported quarterly net income of $10.66 million.

• Universal Technical Institute Inc shares had fallen by 5.7% this quarter and gained 24.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the professional & business education peer group is also "buy"

• Wall Street's median 12-month price target for Universal Technical Institute Inc is $38.00, about 12.1% above its last closing price of $33.42

This summary was machine generated from LSEG data August 6 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)