UL Solutions Inc. (ULS) to Issue Quarterly Dividend of $0.13 on December 8th

UL Solutions Inc. (NYSE:ULS) declared a quarterly dividend on Tuesday, November 11th. Shareholders of record on Friday, November 28th will be paid a dividend of 0.13 per share on Monday, December 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, November 28th.

UL Solutions Stock Up 1.4%

Shares of NYSE ULS opened at $88.63 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.45. UL Solutions has a 12-month low of $48.54 and a 12-month high of $91.95. The firm’s 50-day moving average price is $78.02 and its 200-day moving average price is $72.36. The stock has a market capitalization of $17.80 billion, a price-to-earnings ratio of 53.07 and a beta of 1.05.

UL Solutions (NYSE:ULS) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.47 by $0.09. UL Solutions had a return on equity of 34.49% and a net margin of 11.29%.The company had revenue of $783.00 million during the quarter, compared to analyst estimates of $769.01 million. During the same quarter last year, the business posted $0.49 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. On average, equities research analysts anticipate that UL Solutions will post 1.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ULS. Wells Fargo & Company increased their price target on UL Solutions from $77.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. The Goldman Sachs Group increased their target price on shares of UL Solutions from $69.00 to $79.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $84.00 price target (up from $70.00) on shares of UL Solutions in a research note on Wednesday, November 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of UL Solutions in a research note on Wednesday, November 19th. Finally, UBS Group upped their target price on UL Solutions from $75.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $81.71.

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.