Lyft (LYFT) Scheduled to Post Quarterly Earnings on Tuesday

Lyft (NASDAQ:LYFT) is set to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings data on Tuesday, February 13th. The ride-sharing company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.14. Lyft had a negative net margin of 7.73% and a negative return on equity of 54.80%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.22 billion. On average, analysts expect Lyft to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lyft Stock Up 2.1 %

LYFT stock opened at $17.20 on Friday. Lyft has a fifty-two week low of $7.85 and a fifty-two week high of $20.82. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of -19.33 and a beta of 2.05. The business’s 50 day moving average price is $17.72 and its two-hundred day moving average price is $14.43. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.87 and a current ratio of 0.87.

Insider Activity at Lyft

In other Lyft news, CAO Lisa Blackwood-Kapral sold 18,065 shares of Lyft stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $16.06, for a total value of $290,123.90. Following the completion of the sale, the chief accounting officer now owns 255,817 shares of the company’s stock, valued at approximately $4,108,421.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO Lisa Blackwood-Kapral sold 18,065 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $16.06, for a total transaction of $290,123.90. Following the transaction, the chief accounting officer now directly owns 255,817 shares of the company’s stock, valued at approximately $4,108,421.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Kristin Sverchek sold 5,670 shares of Lyft stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $15.02, for a total value of $85,163.40. Following the completion of the sale, the president now directly owns 633,950 shares of the company’s stock, valued at approximately $9,521,929. The disclosure for this sale can be found here. Insiders have sold a total of 280,526 shares of company stock worth $5,358,031 over the last quarter. Company insiders own 3.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Lyft from $15.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Monday, April 8th. Truist Financial boosted their price objective on shares of Lyft from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Barclays raised their target price on shares of Lyft from $14.00 to $17.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Moffett Nathanson raised Lyft from a “sell” rating to a “neutral” rating in a research report on Wednesday, February 14th. Finally, Argus raised Lyft from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.60.

Lyft Company Profile

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.