UL Solutions (ULS) Expected to Announce Earnings on Thursday

UL Solutions (NYSE:ULS) will likely be posting its quarterly earnings results before the market opens on Thursday, March 6th. Analysts expect UL Solutions to post earnings of $0.38 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

UL Solutions (NYSE:ULS) last released its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The firm had revenue of $739.00 million for the quarter, compared to the consensus estimate of $726.54 million. On average, analysts expect UL Solutions to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

UL Solutions Price Performance

NYSE ULS opened at $52.52 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The stock’s fifty day moving average price is $52.73 and its 200 day moving average price is $52.06. UL Solutions has a 1 year low of $33.15 and a 1 year high of $59.23. The company has a market cap of $10.51 billion and a price-to-earnings ratio of 32.42.

UL Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 28th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.99%. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, February 28th. UL Solutions’s dividend payout ratio is presently 32.10%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup upped their target price on UL Solutions from $60.00 to $60.50 and gave the company a “buy” rating in a research report on Tuesday, February 25th. UBS Group increased their price target on UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Robert W. Baird increased their price target on UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. increased their price target on UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, The Goldman Sachs Group increased their price target on UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.45.

Insider Transactions at UL Solutions

In related news, insider Gitte Schjotz sold 5,941 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $52.58, for a total value of $312,377.78. Following the transaction, the insider now directly owns 69,191 shares of the company’s stock, valued at approximately $3,638,062.78. This trade represents a 7.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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.