Universal Technical Institute, Inc. (NYSE:UTI) has struggled so far in 2014, and that will continue on through the third quarter, as starts (new enrollments) are expected to continue to decline, and for full-year 2014 will end down. The good news is at least in the fourth quarter the company expects to improve over its recent performance, which may give the share price a bump up.
The company is at the top of educational institutions offering training for automotive technicians, and as of late has faced headwinds from a number of areas, including a growing number of competitors, regulatory challenges, student financing issues, and a growing resistance to price increases, among others.
Revenues in the quarter were slightly down...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|