Uber Technologies (NYSE:UBER) Releases Earnings Results, Misses Estimates By $0.53 EPS

Uber Technologies (NYSE:UBERGet Free Report) released its earnings results on Wednesday. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53), Briefing.com reports. The company had revenue of $10.13 billion during the quarter, compared to analyst estimates of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. Uber Technologies’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) earnings per share.

Uber Technologies Price Performance

Shares of NYSE:UBER traded down $0.94 during trading hours on Friday, hitting $66.99. 18,924,391 shares of the company’s stock traded hands, compared to its average volume of 23,478,420. The company’s fifty day simple moving average is $74.29 and its two-hundred day simple moving average is $66.01. The company has a market cap of $139.98 billion, a price-to-earnings ratio of 108.05, a price-to-earnings-growth ratio of 1.07 and a beta of 1.39. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.21. Uber Technologies has a 52 week low of $37.07 and a 52 week high of $82.14.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on UBER shares. TheStreet upgraded Uber Technologies from a “c” rating to a “b-” rating in a report on Wednesday, February 7th. Tigress Financial raised their price objective on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Citigroup upped their price objective on Uber Technologies from $91.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday. Wedbush restated an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a research note on Wednesday. Finally, KeyCorp boosted their target price on shares of Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $83.75.

View Our Latest Research Report on Uber Technologies

Uber Technologies Company Profile

(Get Free Report)

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.

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Earnings History for Uber Technologies (NYSE:UBER)

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