Universal Technical Institute, Inc. (UTI) Reports In-Line Q3 EPS; Updates Outlook
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Price: $11.90 +0.34%
Financial Fact:
Educational services and facilities: 50.46M
Today's EPS Names:
LBIX, ESEA, ISS, More
Financial Fact:
Educational services and facilities: 50.46M
Today's EPS Names:
LBIX, ESEA, ISS, More
Trade UTI Now!
Universal Technical Institute, Inc. (NYSE: UTI) reported Q3 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $99.6 million versus the consensus estimate of $100.1 million.
For the remainder of 2012, we expect to continue to be impacted by the macro-economic headwinds, ongoing student financing challenges and our lower student populations as we entered the year. We expect student starts for the remainder of 2012 to be relatively flat with the number of starts during the same period in the prior year. We continue to expect average student populations for the full year to decline as compared to the prior year, resulting in a mid to high single digit decline in revenues in 2012 and an overall decline in operating margins compared to 2011. Given these trends and the higher fixed component in our admissions cost structure as a result of regulatory changes, we are focused on efficiencies, managing costs and other opportunities to improve operating margins during the remainder of the year.
For earnings history and earnings-related data on Universal Technical Institute, Inc. (UTI) click here.
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For the remainder of 2012, we expect to continue to be impacted by the macro-economic headwinds, ongoing student financing challenges and our lower student populations as we entered the year. We expect student starts for the remainder of 2012 to be relatively flat with the number of starts during the same period in the prior year. We continue to expect average student populations for the full year to decline as compared to the prior year, resulting in a mid to high single digit decline in revenues in 2012 and an overall decline in operating margins compared to 2011. Given these trends and the higher fixed component in our admissions cost structure as a result of regulatory changes, we are focused on efficiencies, managing costs and other opportunities to improve operating margins during the remainder of the year.
For earnings history and earnings-related data on Universal Technical Institute, Inc. (UTI) click here.
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