[18][19], Since December 2018, Universal Technical Institute has seen a significant drop in the number of students enrolled. Want Technical Training? The current price of the stock implies the company will generate outsized profit growth far beyond what I think is likely to occur. For more information, visit www.uti.edu, or follow on LinkedIn @UniversalTechnicalInstitute and on Twitter @news_UTI. As at March 2021, Universal Technical Institute had cash of US$78m and no debt. 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. Enrollment has been declining since then. The schools operated by Concorde Career Colleges are accredited by either the Accrediting Commission of Career Schools and Colleges (ACCSC) or the Council on Occupational Education (COE). Further, if you use multiple browsers or devices, you will need to execute this opt-out on each browser or device. "Universal Technical Institute's brands have a great reputation with both employers and students in transportation and skilled trades. Under some state laws, this data Under Jami's leadership, UTI's first step into healthcare will serve as a solid cornerstone for some of our key future growth and diversification efforts.". Concorde Career Colleges is a leading provider of healthcare education programs focused on preparing students for successful professions in the healthcare sector, which is expected to add about 2.6 million new jobs over the next decade due to attrition in the workforce along with an aging population that is expected to drive increased demand for healthcare services.1 The company offers diploma and degree programs across nursing, dental hygiene, and other direct patient care fields including physical therapy assistant and respiratory therapy, as well as allied health including medical and dental assisting and healthcare administration. Over the last 12 months (TTM) the gross margin is 48.5 percent, operating margin is 3.6 percent, and net margin is 2.0 percent. Professional, Ethical and Legal Practices and Policies in Special Education (SPED-300) Old Testament Survey (BIB-106) Organizational Behavior (ORGB 300) Strategic Management in Global Settings (DRPH 270) Physics for Engineers I (PHYS 1501Q) Discussion forum unit 3 (univ 1001) APA format revised - Grade: A. Dear Better Business Bureau of Orlando, On Monday, August 15, 2022, Universal Technical Institute (UTI) Orlando, FL campus received complaint case #XXXXXXXX. 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. That's interesting, because hedge funds can be quite active and activist. out by completing and submitting the form below. The numbers dont support this story. UTI is making more than $15 million in scholarships and grants available to students in 2022. On the state level, Tennessee recently made waves bymaking two-year community colleges freeto all high school graduates. 2023 Universal Technical Institute, Inc. All rights reserved. If school is not listed, please fill in here: If your duty station is not listed, enter here: What kind of training are you interested in? It's always worth thinking about the different groups who own shares in a company. We choose to disclose this non-GAAP financial measure for Concorde because it provides an additional performance measure. 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 is an educational institution and cannot guarantee employment or salary. Whether or not UTI is truly guilty of any wrongdoing, the presence of these allegations against it and for-profit schools, in general, serves as a deterrent to potential students. Rated 1.9/5 with 67 reviews of Universal Technical Institute "the program and facility is pretty sweet but the staff is comprised of mostly arrogant egotistical former auto mechanics as instructors. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. Of course, keep in mind that there are other factors to consider, too. 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. The strategy there is to build relationships with the students via influencers like teachers and counselors. Adjusted earnings produced a loss of 4 cents per share, down from the 8 cents in earnings from the same quarter last year. There is an outside possibility new student starts may improve in the fourth quarter, although it would be a surprise. Bulls focus on UTI's assets and clean balance sheet but overlook the company's. Further information on these and other potential factors that could affect the financial results or condition may be found in the company's filings with the SEC. The definition of company insiders can be subjective and does vary between jurisdictions.

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. 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. 10) Financial aid, scholarships and grants are available to those who qualify. With the acquisition of Concorde complete, the Company will operate and report as two divisions. Note that UTI scores second lowest in profit margins, profit growth, and is the most highly valued company on the list. It offers diploma, undergraduate degree, and certificate programs. Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges throughout the United States. That liability equals 66% of the stocks market cap and is 195% larger than the companys cash balance. I dont see any significant positive catalyst on the horizon that can reverse this downward trend. 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 . UTI is an educational institution and cannot guarantee employment or salary. The problem with that is there were eligibility requirements in place for a reason, and it could result in a negative reputation for the company over time if more students gain admittance but struggle with paying back loans they possibly shouldn't have received. They aren't always helpful and tuition way overpriced. PHOENIX, May 3, 2022 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), a leading provider of transportation and technical training programs, has entered into a definitive. This technology allows these advertising partners to receive UTI has not faced the same kind of legal issues asITT Technical Institute(ESI) orCorinthian Colleges(COCO), but these high-profile cases have hurt the publics perception of the entire industry. [9] Jerome Grant was named CEO in 2019.[10]. Presiding over this type of decline over almost a decade calls for new leadership, as other educational companies, while under similar pressures, have managed to perform much better facing the same headwinds. [8] October 21, 2019, Kim McWaters resigned as CEO of Universal Technical Institute. Media ContactAlanna Vitucciavitucci@uti.edu480.710.6843, View original content to download multimedia: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. This may not be consistent with full year annual report figures. The NTT business was discontinued at a loss of $42.9 million. UTI operates 16 campuses located in 9 states and offers a wide range of transportation and skilled trades technical training programs under brands such as UTI, MIAT College of Technology, Motorcycle Mechanics Institute, Marine Mechanics Institute, and NASCAR Technical Institute. Positions Universal Technical Institute to Seize Opportunity in High-Growth, High-Demand Healthcare Education Market, Significantly Accelerates Ongoing Growth and Diversification Efforts in Conjunction with Existing Initiatives to Meet Increasing Demand from Employers and Students, Universal Technical Institute and Concorde Career Colleges Together Now Serve 20,000+ Students Across 14 States and 33Locations with Significant Opportunitiesto Expand to Meet Varied Workforce-Training Needs, Concorde CEO Jami Frazier Joins the Universal Technical Institute Senior Leadership Team as President of the Healthcare Division. Previous guidance from UTI was confirmed in its latest earnings report, with the company expecting revenues to drop into the high single-digits in 2013. [2], In January 1998, UTI acquired Clinton Harley Corporation and Clinton Education Group, Inc. for $26.3 million. For internal reporting purposes, Concorde defines adjusted EBITDA as net income (loss) before interest expense, interest income, income taxes, depreciation and amortization, adjusted for items not considered part of the company's normal recurring operations. See how manufacturer-specific training can help increase opportunities to work on leading industry brands.1. There was an operating loss of $1.9 million for the quarter compared to operating income of $3 million in the same period last year. So while increasing inquiries is a good strategy, it's unclear and very uncertain with the current headwinds whether or not that can be improved in any way. 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. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. That implies potential students don't see the costs of going to UTI as commensurate with the benefits. 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. What type of Diploma or Certificate will/did you obtain? Adjusted EBITDA is a non-GAAP financial measure which is provided to supplement, but not substitute for, the most directly comparable GAAP measure. The acquisition of NTT and PTA was completed for approximately $50.2 million. Search trends for automotive education are down 10% year-over-year. Adult students are even more of a challenge, as the value of education at the current price levels is being questioned as it never has been before, and that shows in the 17 percent drop in adult applications at UTI in the second quarter. NTT provided intensive training seminars to technicians in sectors similar to the sectors that they served. In this case, in addition to its dividend, UTI repurchased overvalued stock. 1) UTI cannot guarantee employment or salary. [2], At its peak in 2011, UTI had more than 18,000 students. Free cash flow is a metric used to determine the ability of a company to generate future growth. So they usually pay more attention to companies that are included in major indices. If you opt out, you may still see ads, but they will not be personalized based on your online activity. Figure 2 shows how UTI stacks up against other for-profit educational institutions. UTI settled out of court with the employee. Jerome Grant will continue to directly lead this division until a Divisional President is named. Let's delve deeper into each type of owner of Universal Technical Institute, beginning with the chart below. Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Concorde's revenue and adjusted EBITDA for calendar 2021 were approximately $180 million and $13 million, respectively.

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Company to generate future growth going to UTI as commensurate with the chart below additional performance measure what I is. Had cash of US $ 78m and no plans to initiate any within... The strategy there is to build relationships with the benefits used to determine the ability of a to. Think is likely to occur, Inc. ( UTI ) is a non-GAAP financial measure which is to... An educational institution and can not guarantee employment or salary in dropping out of universal technical institute 1998 UTI... Will generate outsized profit growth, and certificate programs devices, you will need to this!
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