That said, the strategy of UTI is to cut advertising expenses while increasing inquiry volume. UTI cannot guarantee employment or salary. The high school segment is made up largely of males as it relates to UTI, and it's working on engaging that tough demographic by building relationships with the students while they're in high school. click here to see if those insiders have been buying or selling. 2) For program outcome information and other disclosures, visit www.uti.edu/disclosures. All they want is, Brianna W. said: I'm currently enrolled at Platt College! Important factors that could affect UTI's actual results include, among other things, changes to federal and state educational funding, changes to regulations or agency interpretation of such regulations affecting the for-profit education industry, possible failure or inability to obtain regulatory consents and certifications for new or modified campuses or instruction, potential increased competition, impacts related to the COVID-19 pandemic, changes in demand for the programs UTI offers, increased investment in management and capital resources, the effectiveness of UTI student recruiting, advertising and promotional efforts, changes to interest rates and unemployment, general economic and political conditions, the adoption of new accounting standards, and other risks that are described from time to time in UTI's public filings. Many institutions measure their performance against an index that approximates the local market. With 70% stake, institutions possess the maximum shares in the company. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of UTI's control. UTI is an educational institution and cannot guarantee employment or salary. This suggests some credibility amongst professional investors. Except for this limited sharing, UTI does not sell any of your information. Upon completion of the Concorde acquisition, the company will serve over 20,000 students across 14 states and 312locations. Universal Technical Institute was founded in 1965. [18][19], Since December 2018, Universal Technical Institute has seen a significant drop in the number of students enrolled. UTI is making more than $15 million in scholarships and grants available to students in 2022. ", "We are excited about the opportunity to add Concorde and their healthcare programs to the Universal Technical Institute portfolio," said Universal Technical Institute's CFO Troy Anderson. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). The Company is comprised of two divisions: UTI and Concorde Career Colleges. Job openings include openings due to net employment changes and net replacements. If you have an ad-blocker enabled you may be blocked from proceeding. These forward-looking statements which addressUniversal Technical Institute, Inc.'s ("UTI") expected future business and financial performance may contain words such as "goal," "target," "future," "estimate," "expect," "anticipate," "intend," "plan," "believe," "seek," "project," "may," "should," "will," the negative form of these expressions or similar expressions. UTI is currently in the process of updating a variety of its curriculum to include EV maintenance. [2], In June 1998, UTI acquired National Technology Transfer, Inc. (NTT) and Performance Training Associates (PTA). The economy was in worse shape in 2010 than it is now, but during that year UTI had its highest enrollment and profits of the past decade. Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. New rulesrelated to the Telephone Consumer Protection Act (TCPA) went into effect in October 2013 that have made it more difficult for telemarketers to reach consumers that have not given prior consent to receive calls. UTI expanded its programs with additional curricula and opened new campuses, growing internally and through acquisitions. The NTT business was discontinued at a loss of $42.9 million. To that end the company hasn't done too badly, as it has been able to cut advertising costs by 8 percent while boosting the number of people checking out what the school has to offer. Concorde was founded in 1968 and currently serves approximately 7,400 students through its 17 campuses in8 states. Even though UTIs stock price is down 50% over the past five years, the company remains significantly overvalued. Therefore, you should not rely on any of these forward-looking statements. UTI is an educational institution and cannot guarantee employment or salary. Find out more in our resources. For the first half growth came in at 17 percent. I think UTI is treating investors like the company treats many of its graduates. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of UTI's control. On the state level, Tennessee recently made waves bymaking two-year community colleges freeto all high school graduates. Community colleges provide the main competition for for-profit schools, including automotive education. Simply Wall St has no position in any stocks mentioned. Instead, they are based only on UTI's current beliefs, expectations, and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Google As it is, it has the same old manager in a declining industry that must come up with new ideas. Access your no-cost report to get info on jobs in demand in your area, industry insight from top employers, and more. out by completing and submitting the form below. That was part of the fiasco of mortgages several years ago when applicants shouldn't have been given adjustable rate mortgages to buy a home. Bulls focus on UTIs assets and clean balance sheet but overlook the companys $142 million in off-balance sheet debt, which is nearly 60% of its market value. This scenario assumes a consistent level of profitability as the company achieved over the past two years, as UTI would continue to earn its current 6% return on invested capital (ROIC). With the acquisition of Concorde complete, the Company will operate and report as two divisions. So at this time other than attempting to convince potential students the education they receive is worth the cost, it's unclear how the company can navigate out of these troubled waters. Now is an exciting time to pursue a career in the industry, as new vehicle technology and high-tech systems are now considered standard equipment. I understand that if I do submit this form, I may unsubscribe within marketing emails or opt-out of text messages at any time by replying STOP. Standard text message and data rates may apply.
By submitting this form, I further understand and agree that all information provided is subject to UTIs Privacy Policy available at www.uti.edu/privacy-policy and UTI's SMS Terms and Conditions available at www.uti.edu/sms-terms-conditions.
. [7], On September 27, 2016, UTI reported that its president and CFO, Eugene Putnam, was removed as part of a financial improvement plan and that Kim McWaters replaced him as president. At Universal Technical Institute of Illinois Inc., the graduation rate for American Indian or Alaska Native students is 100.00%, for Asian students it is 75.00%, for Black (non-Hispanic) students it is 33.33%, for Hispanic students it is 56.73%, for White students it is 62.01%, for Two or More Races it is . Other than lowering fees and boosting scholarships, I don't see any way UTI can deal with one of the major headwinds it faces, which is the strong reluctance of consumers to take on debt. UTI's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Every investor in Universal Technical Institute, Inc. ( NYSE:UTI) should be aware of the most powerful shareholder groups. Even as a potential turnaround investment Universal Technical Institute doesn't look particularly attractive, as when poring over its numbers, market conditions, and strategy, there is little in the way of catalysts that would result in a surprise to the upside. Variable cost cuts are very limited in scope, so the story of success or failure concerning share price performance will be how successful the company is at bringing in and retaining new students. A drop to the mid-to-high single digits for new student starts is the reasoning there. 4 out of 5 UTI graduates find employment in careers within their field of study within 1 year of graduation. Net income for the first half of fiscal 2013 is $2.6 million, or $0.11 per share, compared to $6.4 million or $0.26 per share year-over-year. Universal Technical Institute (UTI) is a leading provider of career training for the transportation, skilled trade and energy industries. Analysts are somewhat down on the company, as they are looking for the company to lose $0.02 in earnings for the next quarter, and to drop from a prior estimate of a profit of $0.25 a share to a profit of $0.21 for the year. Concorde ended 2021 with approximately 7,400 students and delivered approximately. On top of the stigma against for-profit schools, UTI faces other significant headwinds in attracting students. You may opt-out of receiving targeted advertisements from other companies that perform interest-based advertising services, including some that we may work with, via the Digital Advertising Alliance (DAA) site at http://optout.aboutads.info. Jet delivery delays spark penalties battle, Davos 2023: Europe must seize catch-up chance - EU's Gentiloni, UPDATE 1-Lavrov says Russia and China alert to Western 'games', Tennis-McDonald joins American pile-on of Nadal, Analysis-Small and medium companies to boost business travel rebound in 2023. 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