UL Solutions (ULS) Expected to Announce Earnings on Thursday

UL Solutions (NYSE:ULS) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect UL Solutions to post earnings of $0.38 per share and revenue of $726.54 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

UL Solutions Stock Down 0.2 %

Shares of ULS 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 stock has a 50 day simple moving average of $52.12 and a 200 day simple moving average 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 announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a yield of 0.92%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. UBS Group upped their target price on UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Robert W. Baird upped their target price on UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group upped their target price on UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company upped their target price on UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Insider Transactions at UL Solutions

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

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.