Uber Technologies (UBER) Set to Announce Quarterly Earnings on Wednesday

Uber Technologies (NYSE:UBERGet Rating) will post its quarterly earnings results after the market closes on Wednesday, May 4th. Analysts expect Uber Technologies to post earnings of ($0.28) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Uber Technologies (NYSE:UBERGet Rating) last announced its earnings results on Wednesday, February 9th. The ride-sharing company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.77. Uber Technologies had a positive return on equity of 3.90% and a negative net margin of 2.84%. The firm had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.39 billion.

Shares of NYSE:UBER opened at $31.33 on Wednesday. Uber Technologies has a 12 month low of $28.28 and a 12 month high of $59.22. The stock has a market cap of $61.25 billion, a price-to-earnings ratio of -97.91 and a beta of 1.31. The stock’s 50 day moving average price is $33.07 and its 200 day moving average price is $38.43. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.98 and a quick ratio of 0.98.

Several brokerages recently commented on UBER. Loop Capital dropped their target price on Uber Technologies from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, March 11th. Oppenheimer dropped their target price on Uber Technologies from $50.00 to $45.00 in a report on Friday, February 11th. Wedbush dropped their target price on Uber Technologies from $57.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday, February 14th. BTIG Research dropped their price target on Uber Technologies from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, February 10th. Finally, Canaccord Genuity Group dropped their price target on Uber Technologies from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, February 10th. One investment analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Buy” and an average price target of $62.50.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Monolith Advisors acquired a new position in Uber Technologies in the fourth quarter worth approximately $29,000. EverSource Wealth Advisors LLC bought a new stake in Uber Technologies in the fourth quarter worth approximately $46,000. HB Wealth Management LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth $230,000. Forum Financial Management LP bought a new position in shares of Uber Technologies during the 4th quarter valued at $319,000. Finally, Wealthsource Partners LLC lifted its stake in shares of Uber Technologies by 8.6% in the 4th quarter. Wealthsource Partners LLC now owns 8,141 shares of the ride-sharing company’s stock valued at $341,000 after purchasing an additional 645 shares during the last quarter. 72.19% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Company Profile (Get Rating)

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

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Earnings History for Uber Technologies (NYSE:UBER)

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