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

Uber Technologies (NYSE:UBER) issued its quarterly earnings results on Wednesday. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53), Briefing.com reports. The company had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) earnings per share.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded up $1.75 on Thursday, reaching $68.15. 15,485,417 shares of the stock were exchanged, compared to its average volume of 20,480,170. Uber Technologies has a 1-year low of $37.07 and a 1-year high of $82.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The business has a fifty day moving average price of $74.80 and a two-hundred day moving average price of $65.83. The firm has a market capitalization of $141.85 billion, a PE ratio of 78.67, a PEG ratio of 1.09 and a beta of 1.39.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Bank of America decreased their target price on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday. Argus raised their target price on shares of Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. JPMorgan Chase & Co. raised their target price on shares of Uber Technologies from $84.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Jefferies Financial Group raised their price target on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, TheStreet upgraded shares of Uber Technologies from a “c” rating to a “b-” rating in a report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $83.56.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Tony West sold 18,750 shares of the company’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 transaction of $1,314,000.00. Following the transaction, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

About Uber Technologies

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.