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

Uber Technologies (NYSE:UBER) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Uber Technologies to post earnings of $0.50 per share and revenue of $11.78 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Uber Technologies Stock Up 0.7 %

UBER opened at $67.33 on Tuesday. Uber Technologies has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company’s 50-day moving average is $65.61 and its 200 day moving average is $70.09. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $141.78 billion, a P/E ratio of 33.50, a PEG ratio of 0.77 and a beta of 1.39.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated 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 transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Monday, January 27th. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research note on Friday. Wells Fargo & Company reduced their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Bank of America upped their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, UBS Group dropped their price target on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating on the stock in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.89.

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.