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

UL Solutions (NYSE:ULS) released its quarterly earnings results on Thursday. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $739.00 million for the quarter, compared to analyst estimates of $726.54 million.

UL Solutions Stock Performance

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

UL Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 28th will be paid a $0.13 dividend. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.98%.

Insiders Place Their Bets

In other news, insider Gitte Schjotz sold 5,941 shares of the company’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 sale, the insider now owns 69,191 shares of the company’s stock, valued at approximately $3,638,062.78. This represents a 7.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

ULS has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price target on shares of UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on shares of UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. UBS Group lifted their price target on shares of UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company lifted their price target on shares of UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a research 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.