UL Solutions (NYSE:ULS) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

UL Solutions (NYSE:ULS) posted its earnings results on Thursday. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.11, Zacks reports. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. The business had revenue of $739.00 million for the quarter, compared to analyst estimates of $726.54 million.

UL Solutions Trading Down 1.9 %

UL Solutions stock traded down $1.02 during trading hours on Friday, reaching $52.99. 39,236 shares of the company’s stock traded hands, compared to its average volume of 475,797. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. UL Solutions has a fifty-two week low of $33.15 and a fifty-two week high of $59.23. The firm’s 50 day moving average is $52.34 and its 200-day moving average is $51.90.

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 28th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, February 28th. 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 0.98%.

Insider Buying and Selling at UL Solutions

In related news, insider Gitte Schjotz sold 5,941 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $52.58, for a total value of $312,377.78. Following the sale, the insider now directly owns 69,191 shares in the company, valued at $3,638,062.78. This trade represents a 7.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Wall Street Analysts Forecast Growth

ULS has been the topic of several research reports. Robert W. Baird upped their price target on shares of UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group upped their price target on shares of UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Wells Fargo & Company upped their price target on shares of UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, UBS Group upped their price target on shares of UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

UL Solutions Company Profile

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.