UL Solutions (ULS) Expected to Announce Earnings on Thursday

UL Solutions (NYSE:ULS) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $726.54 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

UL Solutions Stock Down 0.2 %

Shares of UL Solutions stock opened at $56.60 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. The business has a 50-day moving average price of $52.12 and a two-hundred day moving average price of $51.82. UL Solutions has a 1-year low of $33.15 and a 1-year high of $59.23.

UL Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.13 per share. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, February 28th.

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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ULS. UBS Group increased their price target on UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a 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 report on Wednesday, November 6th. Wells Fargo & Company increased their price target on UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price target on UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $49.00.

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.