Universal Technical Institute, Inc. provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians in the United States. It offers certificate, diploma, or degree programs; and specialized technical education programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute. 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, as well as offers programs for welding and computer numeric control machining. As of November 18, 2020, it operated 12 campuses. Universal Technical Institute, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona.
IPO Year: 2003
Exchange: NYSE
Website: uti.edu
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/25/2024 | $22.00 | Buy | Truist |
| 1/10/2024 | $16.00 | Outperform | Northland Capital |
| 6/23/2023 | Buy → Hold | Argus | |
| 7/12/2022 | $11.00 | Buy | Rosenblatt |
| 6/28/2022 | Hold → Buy | Argus |
PHOENIX, Nov. 20, 2024 /PRNewswire/ -- 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) and Concorde Career Colleges (Concorde), and together with its segments and subsidiaries is referred to as the "Company," "we," "us" or "our." Met or surpassed fiscal year 2
PHOENIX, Nov. 19, 2024 /PRNewswire/ -- As winter weather begins across the United States and the Holiday travel season kicks off, Universal Technical Institute, the transportation, skilled trades, and energy education division of Universal Technical Institute, Inc., is sharing several winter vehicle maintenance and emergency preparedness recommendations. "Winter weather presents unique challenges for vehicles and drivers," said automotive instructor Bernard Thompson from UTI-Lisle outside Chicago. "Thanksgiving travel is just around the corner, and with a few simple precaution
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 provides several veteran-centric services and programs and meets the cr
PHOENIX, Oct. 30, 2024 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE:UTI) (the "Company"), a leading workforce solutions provider, will hold a conference call on Wednesday, November 20, 2024, at 4:30 p.m. Eastern time to discuss its financial and operational results for the fiscal fourth quarter and full year ended September 30, 2024. The Company's CEO, Jerome Grant, and Interim CFO, Christine Kline, will host the conference call, followed by a question-and-answer session. Conference Call Date: Wednesday, November 20, 2024Time: 4:30 p.m. Eastern timeToll-free dial-
Once launched, the campus will offer HVACR, welding, automotive, and diesel education programs. SACRAMENTO, Calif., Oct. 17, 2024 /PRNewswire/ -- Universal Technical Institute-Sacramento today announced it will be offering an HVACR program, pending all regulatory approvals. According to the U.S. Bureau of Labor Statistics, employment of heating, air conditioning, and refrigeration mechanics and installers is projected to grow 6 percent from 2022 to 2032, faster than the average for all occupations. This underscores the need for technicians who support the systems that control
Five campuses now teach the new curriculum in their core automotive program; further rollouts are planned. PHOENIX, Oct. 17, 2024 /PRNewswire/ -- Universal Technical Institute, the transportation, skilled trades, and energy education division of Universal Technical Institute, Inc., today announced the expansion of its core automotive program to include new BHEV and EV courses at UTI-Avondale and UTI-Orlando. The new courseware builds on the hybrid and EV training enhancements already deployed at UTI's three California campuses in Sacramento, Rancho Cucamonga, and Long Beach. I
This is the second consecutive year a Concorde campus has earned the distinction SAN ANTONIO, Oct. 16, 2024 /PRNewswire/ -- Concorde Career College-San Antonio (CCC) has been named "School of the Year" by Career Colleges and Schools of Texas (CCST) in recognition of its exemplary graduation and placement rates, community service, and legislative efforts. The award celebrates a single institution annually by CCST, an association of approximately 200 private post-secondary career colleges and schools in Texas that offer a wide range of occupational curricula. "We are honored tha
Nine campuses offer the 15-week "Ford FACT" program. PHOENIX, Sept. 12, 2024 /PRNewswire/ -- Universal Technical Institute (UTI), the transportation, skilled trades, and energy education division of Universal Technical Institute, Inc., and Ford Motor Company, are celebrating 25 years of educating students. Since the beginning of the relationship, more than 29,000 students have graduated from a Ford Manufacturer Specific Advanced Training (MSAT) program at UTI. UTI Division President Tracy Lorenz noted, "Our enduring relationship with Ford underscores UTI's ongoing commitment t
TROY, Mich., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kelly (NASDAQ:KELYA, KELYB))), a leading global specialty talent solutions provider, today announced that Troy R. Anderson has been named executive vice president and chief financial officer designate, effective October 14, 2024. Following an orderly transition of responsibilities, Anderson will succeed Olivier Thirot, executive vice president and chief financial officer, who on July 8, 2024, informed Kelly of his intention to retire as an officer of the Company. Upon completion of the transition, Thirot will serve as a strategic advisor to the Company. "I am pleased to welcome Troy to Kelly as the Company's next chief financial officer. His
Troy Anderson to Depart from the Company; Christine Kline Appointed Interim CFO PHOENIX, Sept. 10, 2024 /PRNewswire/ -- Universal Technical Institute, Inc., a leading workforce solutions provider, today announced that Troy Anderson has resigned as Executive Vice President and Chief Financial Officer, effective October 11, 2024, to accept a position at another public company. Christine Kline, Chief Accounting Officer, has been appointed interim CFO while a national search is conducted for a replacement. "Troy has been a key player in the first stage of our company's transforma
Truist initiated coverage of Universal Technical Institute with a rating of Buy and set a new price target of $22.00
Northland Capital initiated coverage of Universal Technical Institute with a rating of Outperform and set a new price target of $16.00
Argus downgraded Universal Technical Institute from Buy to Hold
Rosenblatt initiated coverage of Universal Technical Institute with a rating of Buy and set a new price target of $11.00
Argus upgraded Universal Technical Institute from Hold to Buy
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PHOENIX, Nov. 20, 2024 /PRNewswire/ -- 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) and Concorde Career Colleges (Concorde), and together with its segments and subsidiaries is referred to as the "Company," "we," "us" or "our." Met or surpassed fiscal year 2
PHOENIX, Oct. 30, 2024 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE:UTI) (the "Company"), a leading workforce solutions provider, will hold a conference call on Wednesday, November 20, 2024, at 4:30 p.m. Eastern time to discuss its financial and operational results for the fiscal fourth quarter and full year ended September 30, 2024. The Company's CEO, Jerome Grant, and Interim CFO, Christine Kline, will host the conference call, followed by a question-and-answer session. Conference Call Date: Wednesday, November 20, 2024Time: 4:30 p.m. Eastern timeToll-free dial-
PHOENIX, Aug. 6, 2024 /PRNewswire/ -- 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 third quarter ended June 30, 2024. Universal Technical Institute, Inc. operates in two reportable segments, Universal Technical Institute (UTI) and Concorde Career Colleges (Concorde), and together with its segments and subsidiaries is referred to as the "Company," "we," "us" or "our." Revenue of $177.5 million representing 15.8% growth ver
Strategy expected to deliver approximately 10 percent revenue CAGR and expand Adjusted EBITDA margin to nearly 20 percent through fiscal 2029 PHOENIX, Aug. 5, 2024 /PRNewswire/ -- Universal Technical Institute, Inc., a leading workforce solutions provider, today announced the next phase of its "North Star Strategy" to accelerate the company's mission to close the skilled workforce gap in America. The core tenets of the strategy—growth, diversification and optimization—are the foundation for initiatives across the company's two divisions of Universal Technical Institute (UTI), which offers transportation, skilled trades and energy education programs; and Concorde Career Colleges, which speci
PHOENIX, July 17, 2024 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE:UTI) (the "Company"), a leading workforce solutions education provider, will hold a conference call on Tuesday, August 6, 2024, at 4:30 p.m. Eastern time to discuss its financial and operational results for the fiscal third quarter ended June 30, 2024. The Company's CEO, Jerome Grant, and CFO, Troy Anderson, will host the conference call, followed by a question-and-answer session. Conference Call Date: Tuesday, August 6, 2024Time: 4:30 p.m. Eastern timeToll-free dial-in number: 1-844-881-0138Inter
Raised Fiscal 2024 Guidance for New Student Starts, Revenue and Profitability Introducing Initial Revenue and Profitability Projections for Fiscal 2025 PHOENIX, May 8, 2024 /PRNewswire/ -- 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 second quarter ended March 31, 2024. Universal Technical Institute, Inc. operates in two reportable segments, Universal Technical Institute (UTI) and Concorde Career Colleges (Concorde), and together with its segments and subsidiaries is referred to as the "Company," "we," "us" or "our."
PHOENIX, April 22, 2024 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE:UTI) (the "Company"), a leading workforce solutions education provider, will hold a conference call on Wednesday, May 8, 2024 at 4:30 p.m. Eastern time to discuss its financial and operational results for the fiscal second quarter ended March 31, 2024. The Company's CEO, Jerome Grant, and CFO, Troy Anderson, will host the conference call, followed by a question-and-answer session. Conference Call Date: Wednesday, May 8, 2024Time: 4:30 p.m. Eastern timeToll-free dial-in number: 1-844-881-0138Inter
PHOENIX, Feb. 7, 2024 /PRNewswire/ -- 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 first quarter ended December 31, 2023. Universal Technical Institute, Inc. operates in two reportable segments, Universal Technical Institute (UTI) and Concorde Career Colleges (Concorde), and together with its segments and subsidiaries is referred to as the "Company," "we," "us" or "our." Revenue of $174.7 million with UTI contributing $11
PHOENIX, Jan. 22, 2024 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE:UTI) (the "Company"), a leading workforce solutions provider of transportation, skilled trades and healthcare education programs, will hold a conference call on Wednesday, February 7, 2024 at 4:30 p.m. Eastern time to discuss its financial and operational results for the fiscal first quarter ended December 31, 2023. The Company's CEO, Jerome Grant, and CFO, Troy Anderson, will host the conference call, followed by a question-and-answer session. Conference Call Date: Wednesday, February 7, 2024Time
PHOENIX, Nov. 15, 2023 /PRNewswire/ -- 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 2023 full year and fourth quarter ended September 30, 2023(2). Universal Technical Institute, Inc. operates in two reportable segments, Universal Technical Institute (UTI) and Concorde Career Colleges (Concorde), and together with its segments and subsidiaries is referred to as the "Company," "we," "us" or "our." Surpassed fiscal year 2023 guid
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TROY, Mich., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kelly (NASDAQ:KELYA, KELYB))), a leading global specialty talent solutions provider, today announced that Troy R. Anderson has been named executive vice president and chief financial officer designate, effective October 14, 2024. Following an orderly transition of responsibilities, Anderson will succeed Olivier Thirot, executive vice president and chief financial officer, who on July 8, 2024, informed Kelly of his intention to retire as an officer of the Company. Upon completion of the transition, Thirot will serve as a strategic advisor to the Company. "I am pleased to welcome Troy to Kelly as the Company's next chief financial officer. His
Paid work experience opportunities available to automotive and diesel technology students at 11 campuses PHOENIX, July 16, 2024 /PRNewswire/ -- Universal Technical Institute, the transportation, skilled trades and energy education division of Universal Technical Institute, Inc. today announced that Crown Equipment (Crown) is now offering paid work experience opportunities to selected automotive and diesel students through Universal Technical Institute's Early Employment Program. Through the agreement, Universal Technical Institute students in the 51-week automotive technology
Commission on Accreditation for Respiratory Care honors Concorde-Portland for third consecutive year PORTLAND, Ore., July 15, 2024 /PRNewswire/ -- For the third consecutive year, Concorde Career College–Portland's respiratory therapy program has been recognized for outstanding student outcomes by the Commission on Accreditation for Respiratory Care (CoARC). The "Distinguished Registered Respiratory Therapist (RRT) Credentialing Success" award is presented annually as part of the accreditor's continued efforts to highlight the RRT credential as a standard of excellence. The RRT
Paid work experience available to automotive program students, tuition reimbursement to employed graduates MOORESVILLE, N.C. and EXTON, Pa., March 13, 2024 /PRNewswire/ -- Universal Technical Institute today announced the addition of MileOne Autogroup (MileOne) to its early employment program at the Exton (Pa.) and Mooresville (N.C.) campuses. Universal Technical Institute is the transportation, skilled trades and energy education division of UTI, Inc. Through this agreement, selected UTI-Exton and NASCAR Tech students enrolled in the automotive technology program can work 20
Collaboration to offer programs and resources for careers in transportation, motorsports, energy and aviation. WASHINGTON and PHOENIX, Feb. 28, 2024 /PRNewswire/ -- United Service Organizations (USO) and Universal Technical Institute today announced a partnership to support military service members with their transition to civilian life. The collaboration will focus on offering specialized training programs and resources for careers in the transportation, skilled trades and energy industries. "We are proud to join forces with Universal Technical Institute to support those who
PHOENIX, Jan. 16, 2024 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE:UTI), a leading workforce solutions provider of transportation, skilled trades, and healthcare education programs, today announced the appointment of Carolyn Frank as chief human resource officer, effective immediately. In this role, Frank will lead the company's human capital strategy and further build people and organizational capabilities, including recruitment and retention, performance management, employee engagement, culture transformation, diversity and inclusion, and organizational design.
PHOENIX, Dec. 19, 2023 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE:UTI) (the "Company"), a leading workforce solutions provider of transportation, skilled trades and healthcare education programs, today announced that it achieved the Company conversion option and thus has effected the conversion of all the Company's Series A Preferred Stock into Common Stock, effective December 18, 2023. The Company's outstanding Common Stock increases by 19.3 million shares as a result of the conversion. Immediately prior to the conversion, the Company purchased 33,300 shares of Series A Preferred Stock convertible into 1,000,000 shares of Common Stock owned by Coliseum Capital Management, LL
PHOENIX, Dec. 13, 2023 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE:UTI), a leading workforce solutions provider of transportation, skilled trades, and healthcare education programs, today announced the appointment of Kevin Prehn as president of Concorde Career Colleges, effective immediately. Prehn has served as interim president since September. "We recently marked the one-year anniversary of our acquisition of Concorde and, in just a few months at the helm as interim president, Kevin's impact has been felt throughout the organization. He continues to impress t
Lorenz brings more than 20 years of growth-oriented higher education executive leadership to the organization PHOENIX, April 6, 2023 /PRNewswire/ -- Universal Technical Institute Inc. (NYSE:UTI) ("the Company"), a leading workforce solutions provider of transportation, skilled trades, energy, and healthcare education programs announced today the appointment of Tracy Lorenz as President of the Universal Technical Institute ("UTI") division, which is comprised of the Company's transportation, skilled trades, and energy offerings. "Tracy is a proven leader who is growth-oriented
The Company continues to expand its offerings in education, training, and workforce solutions and adds an industry expert to help guide Healthcare education and training expansion PHOENIX, March 2, 2023 /PRNewswire/ -- Universal Technical Institute Inc. (NYSE:UTI), a leading workforce solutions provider of transportation, skilled trades and healthcare education programs, today announced that Michael A. Slubowski will join its Board as an independent director, effective March 1, 2023. In December of 2022, UTI finalized the acquisition of Concorde Career Colleges, adding a new o
Truist Securities analyst Jasper Bibb initiates coverage on Universal Technical (NYSE:UTI) with a Buy rating and announces Price Target of $22.
Barrington Research analyst Alexander Paris maintains Universal Technical (NYSE:UTI) with a Outperform and raises the price target from $20 to $22.
Northland Capital Markets analyst Mike Grondahl maintains Universal Technical (NYSE:UTI) with a Outperform and maintains $18 price target.
5 analysts have expressed a variety of opinions on Universal Technical (NYSE:UTI) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 3 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 2 0 0 0 2M Ago 1 1 0 0 0 3M Ago 0 0 0 0 0 Analysts have set 12-month price targets for Universal Technical, revealing an average target of $19.6, a high estimate of $22.00, and a low estimate of $18.00. This upward trend is evident, with the current
B. Riley Securities analyst Raj Sharma reiterates Universal Technical (NYSE:UTI) with a Buy and raises the price target from $20 to $22.
Barrington Research analyst Alexander Paris maintains Universal Technical (NYSE:UTI) with a Outperform and maintains $20 price target.
Barrington Research analyst Alexander Paris maintains Universal Technical (NYSE:UTI) with a Outperform and raises the price target from $18 to $20.
Universal Technical (NYSE:UTI) reported quarterly earnings of $0.14 per share which missed the analyst consensus estimate of $0.15 by 6.67 percent. This is a 250 percent increase over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $184.176 million which beat the analyst consensus estimate of $177.158 million by 3.96 percent. This is a 12.43 percent increase over sales of $163.820 million the same period last year.
Rosenblatt analyst Steve Frankel maintains Universal Technical (NYSE:UTI) with a Buy and maintains $18 price target.