rate. Note that UTI scores second lowest in profit margins, profit growth, and is the most highly valued company on the list. Founded in 1965 and headquartered in Phoenix, Universal Technical Institute's (NYSE: UTI) mission is to serve our students, partners, and communities by providing quality education and support services for in-demand careers. Most Programs Take Less Than a Year. Its also becoming harder for UTI to reach prospective students in the first place. The ongoing high fixed costs, which can't be managed, is what makes UTI such a risk to own if investors want any type of growth. Therefore, you should not rely on any of these forward-looking statements. The bull case for UTI rests on both the market for auto repair growing and the resulting new jobs being won by UTI graduates. 1) UTI is an educational institution and cannot guarantee employment or salary. Any forward-looking statements made by UTI in this press release are based only on information currently available to UTI and speak only as of the date on which it is made. 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.
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.. On Nov. 1, 2021, UTI announced it had completed the acquisition of MIAT College of Technology,[11][12] On June 9, 2022, the company announced plans to add 15 new programs across its national UTI/MIAT campus footprint. Opinions expressed by Forbes Contributors are their own. Universal Technical Institute, Inc. (UTI). Universal Technical Institute serves three student segments: high school, veterans, and adult. Search trends for automotive education are down 10% year-over-year. Dividends also generally pay out capital that could be better used to buy back stock that is undervalued. Choose from a range of programs you need to get the technical career you want. 7) Some programs may require longer than one year to complete. Concorde was founded in 1968 and currently serves approximately 7,400 students through its 17 campuses in8 states. UTI expressly disclaims any obligation to publicly update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, changes in expectations, any changes in events, conditions, or circumstances, or otherwise. SOURCE Universal Technical Institute, Inc. Concorde Career Colleges, Inc. ("Concorde"), 2022 full year and fourth quarter earnings call on, https://www.prnewswire.com/news-releases/universal-technical-institute-expands-platform-of-workforce-solutions-offerings-with-completion-of-concorde-career-colleges-inc-acquisition-301692062.html, Stock market news live updates: Stock futures stagnant as earnings season picks up, Who's to blame? This may not be consistent with full year annual report figures. information about your activities on our website, which is then associated with your browser, device or online identifier. Learning is hands on so no online classes to get it done. sharing for online advertising may be considered a sale of information. Lincoln Education and Corinthian colleges are the other schools on the list with automotive technology programs. Many institutions measure their performance against an index that approximates the local market. On arecent conference call, CEO Kimberly McWaters offered the explanation that Lingering effects of the great recession have impacted consumer confidence in the job market and made them question the value of an education.. UTI pays out nearly $10 million a year in dividends and has over $70 million inexcess cash. ", "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. With negative free cash flow to price of $-0.49 per share, it's hard to see how UTI expects to grow in the future. As at March 2021, Universal Technical Institute had cash of US$78m and no debt. 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. Additionally, Universal Technical Institute is opening new campuses in Miramar, Florida., and Austin, Texas and is further expanding its welding programs to 2 additional locations during the fiscal year. UTI settled out of court with the employee. Combined it resulted in the operating loss of $1.9 million in the second quarter. The staff here is friendly,, YL M. said: After seeing the reviews posted here, some with no merit on the actual, Kelvin P. said: This school really teaches you the ins and outs of welding not just, Tommy L. said: This is an honest opinion about the school, not a fake review like you. In that regard UTI is easy to understand and measure, and it's best to ignore all the talk of strategies and models and look at the bottom line: is the student population growing or not? I look forward to collaborating with Jerome and his team as we work to help students and employers close the gap between the need for well-trained and skilled workers and the availability of quality programs designed to meet the needs of employers across a variety of industries.". Visit School's Website Universal Technical Institute - Lisle Cost Value B minus Based on average net price, earnings potential, student and alumni reviews, and additional factors.
By submitting this form, I agree that MIAT College of Technology, Universal Technical Institute, Inc., Custom Training Group, Inc. and their representatives may email, call, and / or text me with marketing messages about educational programs and services, as well as for school-related communications, at any phone number I provide, including a wireless number, using prerecorded calls or automated technology. But to understand Universal Technical Institute better, we need to consider many other factors. Universal Technical Institute (UTI) is a leading provider of career training for the transportation, skilled trade and energy industries. The current price of the stock implies the company will generate outsized profit growth far beyond what I think is likely to occur. Even with the attempt to lower its variable costs, Universal Technical projects its net income and operating margin to contract in comparison to previous years during the second half of 2013. In 1988 UTI opened their Lisle, Illinois, campus. Also provided by the company are customized training programs specific to manufacturer or dealer requests. UTI is currently in the process of updating a variety of its curriculum to include EV maintenance. SeeTable 1.10 Occupational separations and openings, projected 2021-31, U.S. Bureau of Labor Statistics,www.bls.gov, viewed October 13, 2022. 41) For Automotive Service Technicians and Mechanics, the U.S. Bureau of Labor Statistics projects an annual average of 73,300 job openings between 2021 and 2031. UTI welcomes General Education Diploma students. The school offers specialized technical education programs under the banner of several brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI), MIAT College of Technology (MIAT), and NASCAR Technical Institute (NTI). For one, the desirability of a career in auto maintenance seems to be declining. 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. I further understand and agree that I may instead call MIAT at 1-800-477-1310 for Canton, MI and 1-888-547-7047 for Houston, TX or UTI at 1-800-913-7524 to request admission information. Find the campus that matches your career goals here. This is a BETA experience. 10) Financial aid, scholarships and grants are available to those who qualify. Terms of the transaction have been disclosed in Universal Technical Institute's Form 8-K and completion of the acquisition will occur pending customary closing conditions and regulatory approvals. Of course, keep in mind that there are other factors to consider, too. Universal Technical Institute will post an updated presentationregarding its growth and diversification strategy on its investor relations website. 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. In the first half of the fiscal year EBITDA was $16.3 million against $23.5 million in the first half of 2012. 43) For Bus and Truck Mechanics and Diesel Engine Specialists, the U.S. Bureau of Labor Statistics projects an annual average of 28,500 job openings between 2021 and 2031. Figure 1 shows that average enrollment at UTI colleges peaked in 2010 and has been on the decline since. Shareholders would probably be interested to learn that insiders own shares in Universal Technical Institute, Inc.. As individuals, the insiders collectively own US$8.6m worth of the US$238m company. UTI is an educational institution and cannot guarantee employment or salary. On top of the stigma against for-profit schools, UTI faces other significant headwinds in attracting students. 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. 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. SOURCE Universal Technical Institute, Inc. Download our catalogs and learn about programs, courses, tuition, fees, admissions and much more. 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