Uber Technologies (NYSE:UBER) Posts Quarterly Earnings Results, Beats Expectations By $0.79 EPS

Uber Technologies (NYSE:UBER) announced its earnings results on Thursday. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79, Briefing.com reports. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the prior year, the firm earned $0.10 EPS. The business’s revenue was up 20.4% on a year-over-year basis.

Uber Technologies Trading Up 1.7 %

Shares of Uber Technologies stock traded up $1.20 during trading hours on Friday, reaching $73.25. The stock had a trading volume of 32,598,049 shares, compared to its average volume of 18,109,305. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies has a 1 year low of $45.25 and a 1 year high of $87.00. The firm has a market capitalization of $153.89 billion, a price-to-earnings ratio of 80.49, a P/E/G ratio of 1.36 and a beta of 1.33. The firm has a 50 day simple moving average of $75.38 and a two-hundred day simple moving average of $70.88.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of research reports. UBS Group raised their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. DA Davidson restated a “buy” rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Thursday, October 17th. Daiwa Capital Markets cut shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price for the company. in a report on Thursday, October 17th. Roth Mkm raised their price target on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $90.22.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.84% 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.