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Patterson-UTI: Cheap Despite Leading Yield And Buyback And Power Segment Potential
Seeking Alpha· 2024-12-20 20:37
Thanks for your interest in Z4 Energy Research. As of January 2021, Tipranks placed us in the top 2% of all financial bloggers and top 5% of overall experts. If you would like more in depth discussions on oil, natural gas, wind, solar, fuel cells, and other renewables, please contact us at zman@zmansenergybrain.com. We have covered energy at zmansenergybrain.com since 2006 posting 6 days a week and have been in the markets since the early 1990s. We post weekly slide shows on the oil and natural gas inventor ...
Why I'm Downranking Patterson-UTI To Hold
Seeking Alpha· 2024-12-05 08:42
Group 1 - Patterson-UTI took write-downs of nearly $1 billion in 3Q24, significantly impacting its valuation after two acquisitions last year [1] - The acquisitions included a 55% combination with NexTier and the purchase of technology company Ulterra [1] - The write-downs resulted in a reduction of Patterson-UTI's accounting value, indicating potential challenges in integrating the acquired companies [1]
Universal Technical Institute (UTI) is a Top-Ranked Momentum Stock: Should You Buy?
ZACKS· 2024-12-04 15:56
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? Developed alongside ...
UTI Stock Hits 52-Week High: Here's Why You Should Still Buy It
ZACKS· 2024-11-28 17:10
Universal Technical Institute, Inc. (UTI) has been making strides in the market. After trading around $25 per share for the past four sessions, shares of the leading provider of workforce solutions in transportation, skilled trades and healthcare education programs reached a new 52-week high of $26.43 on Wednesday. However, the stock received a slight pullback, closing at $26.04, reflecting a modest 0.4% gain from the previous day’s close of $25.95.This milestone comes amid stellar fourth-quarter fiscal 202 ...
3 Reasons Why Growth Investors Shouldn't Overlook Universal Technical (UTI)
ZACKS· 2024-11-25 18:51
Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with Universal Technical Institute (UTI) identified as a strong candidate due to its favorable growth metrics and Zacks Rank [2][9]. Group 1: Earnings Growth - Universal Technical has a historical EPS growth rate of 39%, with projected EPS growth of 28.7% for the current year, significantly surpassing the industry average of 20.6% [4]. - Earnings growth is a critical factor for growth investors, as it often indicates strong future stock price gains [3]. Group 2: Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 60.3%, which is notably higher than the industry average of -10.5% [5]. - Historical cash flow growth for Universal Technical stands at an annualized rate of 38.6% over the past 3-5 years, compared to the industry average of 6.5% [6]. Group 3: Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Universal Technical, with the Zacks Consensus Estimate for the current year increasing by 5.5% over the past month [7]. - Positive earnings estimate revisions are correlated with near-term stock price movements, making this a favorable indicator for investors [7]. Group 4: Overall Positioning - Universal Technical has achieved a Growth Score of A and holds a Zacks Rank 1 (Strong Buy), positioning it well for potential outperformance in the market [9][10].
Universal Technical (UTI) Is a Great Choice for 'Trend' Investors, Here's Why
ZACKS· 2024-11-22 14:50
Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends through sound fundamentals and positive earnings estimates to enhance the likelihood of successful short-term investments [1][2]. Group 1: Stock Performance - Universal Technical Institute (UTI) has shown a solid price increase of 36.2% over the past 12 weeks, indicating strong investor interest [4]. - UTI's stock has increased by 43.9% over the last four weeks, suggesting that the upward trend is still intact [5]. - UTI is currently trading at 94.1% of its 52-week high-low range, indicating a potential breakout [6]. Group 2: Fundamental Strength - UTI holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like UTI that are on an uptrend supported by strong fundamentals [3]. - The article suggests that there are several other stocks passing through the "Recent Price Strength" screen that may also be worth considering for investment [8].
Universal Technical Institute (UTI) Tops Q4 Earnings and Revenue Estimates
ZACKS· 2024-11-20 23:16
Universal Technical Institute (UTI) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.33%. A quarter ago, it was expected that this school for auto, motorcycle and marine technicians would post earnings of $0.07 per share when it actually produced earnings of $0.09, delivering a surp ...
Universal Technical Institute(UTI) - 2024 Q4 - Annual Results
2024-11-20 21:06
Exhibit 99.1 Universal Technical Institute Reports Fiscal Year 2024 Fourth Quarter and Year-End Results PHOENIX, ARIZ. - November 20, 2024 - Universal Technical Institute, Inc. (NYSE: UTI), a leading workforce solutions provider of transportation, skilled trades and healthcare education programs, reported financial results for the fiscal 2024 fourth quarter and the full year ended September 30, 2024. Universal Technical Institute, Inc. operates in two reportable segments, Universal Technical Institute (UTI) ...
UTI-Canton earns recognition as a Veteran Friendly Institution from the Michigan Veterans Affairs Agency
Prnewswire· 2024-11-12 21:15
CANTON, Mich., Nov. 12, 2024 /PRNewswire/ -- UTI-Canton (formerly MIAT-Canton) today announced it has received the silver-level award from the Michigan Veterans Affairs Agency, designating the campus as a veteran-friendly institution. UTI is Universal Technical Institute, Inc.'s transportation, skilled trades, and energy education division.The Michigan Veteran-Friendly Schools Program recognizes academic institutions committed to supporting the needs of veterans and military-connected students. UTI-Canton p ...
Universal Technical (UTI) Soars 11.2%: Is Further Upside Left in the Stock?
ZACKS· 2024-11-07 15:50
Universal Technical Institute (UTI) shares ended the last trading session 11.2% higher at $19.03. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 10% gain over the past four weeks.This leading education stock gained on the expectations that some of the regulatory pressure on the industry will be eased after President-elect Donald Trump begins his term in January 2025.This school for auto, motorcycle and marine tech ...