Universal Technical Institute Inc Reaffirms FY 2013 Guidance-Conference Call

Monday, 11 Mar 2013 12:30pm EDT 

Universal Technical Institute Inc announced that for fiscal 2013, it expects to see, certainly, through the next two quarters, a continued decline in the student population, as the Company work through that ATB falloff and some of the other headwinds, before possibly beginning to start seeing year-over-year start growth in the fourth quarter. Those dynamics and student metrics will lead to a decline in revenue in the high-single digits, and operating margins and income below where it was in fiscal 2012. The Company reported revenue of $413.55 million and net income of $10.19 million in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $380.59 million and net income of $6.11 million for fiscal 2013. 

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-0.33 -3.88%
30 Jan 2015