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Here's Why Universal Technical Institute (UTI) is a Strong Value Stock
ZACKS· 2024-06-12 14:45
Group 1 - UTI is ranked 2 (Buy) on the Zacks Rank with a VGM Score of B, indicating strong investment potential [1] - The company has a forward P/E ratio of 20.31, making it attractive for value investors [1] - Earnings estimates for fiscal 2024 have been revised higher by two analysts, with the Zacks Consensus Estimate increasing by $0.01 to $0.71 per share [1] - UTI has an average earnings surprise of 49.4%, suggesting strong performance relative to expectations [1] Group 2 - UTI's solid Zacks Rank and top-tier Value and VGM Style Scores make it a noteworthy option for investors [2] - The company specializes in post-secondary education, offering degree, diploma, and certificate programs in various fields including automotive and marine [16]
Universal Technical Institute, Inc. Announces Investor Marketing Schedule for June 2024
Prnewswire· 2024-06-11 12:30
Core Insights - Universal Technical Institute, Inc. is actively engaging in investor marketing events to highlight its growth and diversification strategies, aiming to showcase its financial performance and business outlook [4] Group 1: Upcoming Investor Events - The company will participate in the 14th Annual East Coast IDEAS Conference on June 13, 2024, with presentations by CFO Troy Anderson and VP of Corporate Finance Matt Kempton [1] - A Roth Capital Partners Non-Deal Roadshow is scheduled for June 12, 2024, featuring one-on-one and group meetings with the same company representatives [5] - The Northland Capital Markets Growth Conference will take place virtually on June 25, 2024, with attendees including CEO Jerome Grant, CFO Troy Anderson, and VP of Corporate Finance Matt Kempton [5] Group 2: Company Performance and Strategy - The company reported strong second-quarter results and received positive feedback from investor marketing events held in May, indicating a resonating story with the investment community [1] - The management team aims to discuss the company's favorable positioning to capitalize on growth opportunities and drive sustainable long-term value for shareholders during the upcoming events [4] Group 3: Company Overview - Universal Technical Institute, Inc. was founded in 1965 and is a leading provider of workforce solutions in transportation, skilled trades, energy, and healthcare education [6] - The company operates two divisions: Universal Technical Institute (UTI) with 16 campuses in 9 states, and Concorde Career Colleges with 17 campuses in 8 states and online [6]
Universal Technical (UTI) Relaunches Summer Ignite With NAPA
ZACKS· 2024-06-04 17:31
Core Insights - Universal Technical Institute, Inc. (UTI) has reintroduced the Summer Ignite program in partnership with NAPA to enhance student focus on automotive and motorcycle repair careers [1][2] - The program aims to address the workforce gap by providing a free three-week introductory course, with successful students earning credits towards future programs at UTI [3] - UTI's growth strategy includes consistent graduation and employment rates, along with strong partnerships with industry leaders [5][6] Program Details - The Summer Ignite program will run for three weeks and is designed to meet the projected annual job openings of approximately 67,700 for automotive service technicians and mechanics through 2032 [2] - Applications for the program are open in several states, including Texas, Arizona, New Jersey, Illinois, and California [4] Expansion Initiatives - Under its Concorde division, UTI launched two new dental hygiene programs in April 2024, with about 50 students in the first cohorts [7] - The Concorde division is also expanding its San Diego dental hygiene program, set to launch later in 2024, and has partnered with Marquis Companies to enhance its offerings [7] Stock Performance - UTI's shares have surged 135.4% over the past year, significantly outperforming the Zacks Schools industry's growth of 44.9% [8]
Universal Technical Institute announces 2024 "Summer Ignite" program for automotive skilled trade training
Prnewswire· 2024-06-03 20:15
Core Insights - The Summer Ignite program by Universal Technical Institute (UTI) aims to address the skilled technician shortage in the automotive and motorcycle repair sectors through a three-week introductory course at no cost [1][3][5] - The U.S. Bureau of Labor Statistics projects an average of 67,700 job openings annually for automotive service technicians and mechanics through 2032, highlighting the critical need for skilled workers in this field [2][9] - The program has shown success, with nearly 50% of participants in 2023 choosing to pursue careers in automotive or motorcycle repair after high school [4] Company Overview - Universal Technical Institute, Inc. is a leading workforce solutions provider founded in 1965, offering education programs in transportation, skilled trades, energy, and healthcare [7] - UTI operates 16 campuses across 9 states, providing a range of technical training programs under various brands, including UTI, MIAT College of Technology, and NASCAR Technical Institute [7] Program Details - The Summer Ignite program was established in 2018 to allow high school juniors to explore careers in automotive or motorcycle repair [2] - Students who pass the end-of-course exams can earn credit toward future programs at UTI, helping to offset education costs [3] - Applications for the Summer Ignite program are currently open, with sessions scheduled at various UTI campuses [6]
Heartland Dental awards $45,000 in scholarships to Concorde Career Colleges' students
Prnewswire· 2024-05-30 20:15
Scholarships part of a growing workforce solutions relationship between Heartland and Concorde KANSAS CITY, May 30, 2024 /PRNewswire/ -- Concorde Career Colleges and Heartland Dental today announced the national recipients of the 2024 Heartland Dental Hygiene Scholarships, a $2,500 awards package to 18 students who demonstrate exceptional dedication, passion, and potential in the field of dental hygiene. Heartland Dental is one of the largest dental support organizations in the nation and a longtime partner ...
UTI or BFAM: Which Is the Better Value Stock Right Now?
zacks.com· 2024-05-29 16:46
Investors interested in Schools stocks are likely familiar with Universal Technical Institute (UTI) and Bright Horizons Family Solutions (BFAM) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emph ...
Rush Enterprises joins Universal Technical Institute division's early employment program
Prnewswire· 2024-05-28 20:15
Selected diesel students at 10 campuses in six states can gain work experience while in school PHOENIX, May 28, 2024 /PRNewswire/ -- Universal Technical Institute (UTI), the transportation, skilled trades and energy education division of Universal Technical Institute, Inc., today announced that Rush Enterprises has joined the early employment program at the following campuses: UTI-Austin (Texas), UTIAvondale (Ariz.), UTI-Dallas, UTI-Houston, UTI-Lisle (Ill.), UTI-Long Beach (Calif.), UTI-Miramar (Fla.), UTI ...
Is Universal Technical (UTI) a Solid Growth Stock? 3 Reasons to Think "Yes"
zacks.com· 2024-05-27 17:46
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. Impressive Asset Utilization Ratio Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. This metric exhibits how efficiently a firm is utilizing its assets to generate sales. In add ...
Why Universal Technical Institute (UTI) is a Top Value Stock for the Long-Term
zacks.com· 2024-05-27 14:47
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. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? ...
Universal Technical Institute(UTI) - 2024 Q2 - Quarterly Report
2024-05-09 12:42
(Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission File Number: 1-31923 UNIVERSAL TECHNICAL INSTITUTE, INC. (Exact name of registrant as specified in its charter) (State or other jurisd ...