Uber Technologies (NYSE:UBER) Releases Earnings Results, Beats Estimates By $0.16 EPS

Uber Technologies (NYSE:UBER) issued its earnings results on Tuesday. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16, Briefing.com reports. The business had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS.

Uber Technologies Trading Down 1.7 %

Shares of UBER stock traded down $1.16 during mid-day trading on Friday, hitting $67.85. 3,768,632 shares of the company’s stock were exchanged, compared to its average volume of 19,215,006. Uber Technologies has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The stock has a market cap of $141.77 billion, a price-to-earnings ratio of 109.40, a PEG ratio of 1.45 and a beta of 1.36. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock has a 50-day simple moving average of $68.39 and a two-hundred day simple moving average of $70.92.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the transaction, the insider now owns 206,338 shares in the company, valued at $13,541,962.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,135,984 shares of company stock worth $78,213,297. 3.84% of the stock is owned by insiders.

Analyst Ratings Changes

UBER has been the subject of a number of analyst reports. Citigroup increased their target price on Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday. DA Davidson raised their price objective on Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday. JMP Securities raised their price objective on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research note on Wednesday. Melius began coverage on Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective for the company. Finally, Piper Sandler raised their price objective on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, June 25th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $87.47.

Uber Technologies Company Profile

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.