Uber Technologies (NYSE:UBER) Releases Quarterly Earnings Results, Beats Expectations By $2.71 EPS

Uber Technologies (NYSE:UBER) released its quarterly earnings data on Wednesday. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71, Zacks reports. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $64.50 on Thursday. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $135.82 billion, a PE ratio of 32.09, a PEG ratio of 0.77 and a beta of 1.39. The stock’s fifty day simple moving average is $65.46 and its 200 day simple moving average is $70.11.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Thursday, October 31st. Truist Financial decreased their target price on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Cantor Fitzgerald increased their price target on shares of Uber Technologies from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a report on Thursday, October 17th. Finally, Evercore ISI increased their target price on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $90.89.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

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.