Universal Technical Institute (UTI) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $-0.17 EPS for the quarter. Analysts had a consensus estimate of $-0.17. The company posted revenue of $88.20 million in the period, compared to analysts expectations of $84.50 million. The company’s revenue was down -3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Universal Technical Institute opened for trading at $4.126 and hit $4.38 on the upside on Wednesday, eventually ending the session at $4.35, with a gain of 3.82% or 0.16 points. The heightened volatility saw the trading volume jump to 68,278 shares. Company has a market cap of $105 M.
In a different news, on Mar 21, 2016, Bryce H Peterson (SVP Information Technology) sold 8,924 shares at $4.79 per share price. According to the SEC, on Apr 16, 2015, Chad Allen Freed (General Counsel, SVP Bus Dev) sold 8,000 shares at $10.00 per share price. On Mar 17, 2015, Rhonda R Turner (SVP People Services) sold 3,300 shares at $9.69 per share price, according to the Form-4 filing with the securities and exchange commission.
Universal Technical Institute Inc. (UTI) is engaged in providing postsecondary education for students seeking careers as professional automotive diesel collision repair motorcycle and marine technicians. The Company offers undergraduate degree and diploma programs at eleven campuses in the United States under the brand names including Universal Technical Institute (UTI) which offers automotive diesel and industrial and collision repair and refinishing programs; Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI) which is designed to teach students about diagnosing servicing and repairing motorcycles and all-terrain vehicles and NASCAR Technical Institute (UTI/NASCAR Tech) which offers elective courses designed to teach students to learn about NASCAR engines and equipment and to acquire skills required for entry-level positions in automotive and racing-related career opportunities.