UL Solutions Inc. (ULS) to Issue Quarterly Dividend of $0.13 on September 9th

UL Solutions Inc. (NYSE:ULS) announced a quarterly dividend on Tuesday, August 13th, Zacks reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.125 per share on Monday, September 9th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Friday, August 30th.

UL Solutions Trading Down 0.3 %

Shares of NYSE:ULS opened at $54.82 on Wednesday. The company has a fifty day moving average of $46.69. UL Solutions has a fifty-two week low of $33.15 and a fifty-two week high of $56.28. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.00.

UL Solutions (NYSE:ULS) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $730.00 million during the quarter, compared to the consensus estimate of $718.73 million. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts predict that UL Solutions will post 1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wells Fargo & Company raised their target price on UL Solutions from $43.00 to $56.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Citigroup initiated coverage on UL Solutions in a report on Tuesday, May 7th. They set a “buy” rating and a $41.00 price objective on the stock. Jefferies Financial Group initiated coverage on UL Solutions in a research report on Tuesday, May 7th. They issued a “buy” rating and a $42.00 target price on the stock. Baird R W lowered UL Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. lifted their target price on UL Solutions from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, UL Solutions currently has an average rating of “Moderate Buy” and an average price target of $43.90.

About UL Solutions

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.