FY2024 EPS Estimates for Uber Technologies, Inc. (NYSE:UBER) Boosted by Wedbush

Posted by Defense World Staff on Aug 5th, 2023

Uber Technologies, Inc. (NYSE:UBER – Free Report) – Research analysts at Wedbush boosted their FY2024 earnings per share (EPS) estimates for Uber Technologies in a report issued on Tuesday, August 1st. Wedbush analyst S. Devitt now anticipates that the ride-sharing company will post earnings per share of $0.85 for the year, up from their previous estimate of $0.83. Wedbush has a “Outperform” rating and a $52.00 price objective on the stock. The consensus estimate for Uber Technologies’ current full-year earnings is $0.10 per share. Wedbush also issued estimates for Uber Technologies’ FY2025 earnings at $1.57 EPS.

Uber Technologies (NYSE:UBER – Get Free Report) last announced its earnings results on Tuesday, August 1st. The ride-sharing company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.19. Uber Technologies had a negative return on equity of 4.82% and a negative net margin of 1.07%. The business had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.34 billion. During the same period last year, the firm posted ($1.33) earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis.

A number of other analysts also recently issued reports on UBER. JPMorgan Chase & Co. lifted their price objective on Uber Technologies from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Wednesday. TheStreet upgraded Uber Technologies from a “d” rating to a “c-” rating in a research note on Tuesday, May 2nd. Citigroup upped their target price on Uber Technologies from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday. Jefferies Financial Group upped their target price on Uber Technologies from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, July 14th. Finally, Barclays increased their price objective on Uber Technologies from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday. Thirty equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $55.03.

Uber Technologies Stock Down 1.6 %

NYSE UBER opened at $45.19 on Friday. The stock’s 50 day moving average is $43.57 and its 200 day moving average is $36.91. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.12. Uber Technologies has a 12 month low of $22.94 and a 12 month high of $49.49. The stock has a market cap of $91.46 billion, a PE ratio of -205.41, a P/E/G ratio of 10.97 and a beta of 1.23.

Insiders Place Their Bets

In other news, CEO Dara Khosrowshahi sold 30,025 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $45.00, for a total value of $1,351,125.00. Following the completion of the sale, the chief executive officer now directly owns 1,485,167 shares of the company’s stock, valued at approximately $66,832,515. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 30,025 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $45.00, for a total transaction of $1,351,125.00. Following the transaction, the chief executive officer now owns 1,485,167 shares in the company, valued at approximately $66,832,515. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 16,664 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $42.00, for a total value of $699,888.00. Following the sale, the insider now directly owns 164,693 shares in the company, valued at approximately $6,917,106. The disclosure for this sale can be found here. Insiders sold 238,143 shares of company stock valued at $10,798,399 in the last ninety days. Insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Several institutional investors have recently modified their holdings of the company. American Century Companies Inc. lifted its stake in Uber Technologies by 28.7% in the 1st quarter. American Century Companies Inc. now owns 23,045 shares of the ride-sharing company’s stock valued at $822,000 after buying an additional 5,142 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in Uber Technologies in the 1st quarter valued at approximately $3,359,000. Panagora Asset Management Inc. lifted its stake in Uber Technologies by 29.3% in the 1st quarter. Panagora Asset Management Inc. now owns 22,650 shares of the ride-sharing company’s stock valued at $808,000 after buying an additional 5,134 shares in the last quarter. Yousif Capital Management LLC lifted its stake in Uber Technologies by 11.7% in the 1st quarter. Yousif Capital Management LLC now owns 26,298 shares of the ride-sharing company’s stock valued at $938,000 after buying an additional 2,756 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Uber Technologies by 17.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,144,337 shares of the ride-sharing company’s stock valued at $40,838,000 after buying an additional 168,475 shares in the last quarter. Hedge funds and other institutional investors own 73.90% of the company’s stock.

Uber Technologies Company Profile

(Get Free Report)

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.

Receive News & Ratings for Uber Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.