FY2024 EPS Estimates for UBER Cut by Cantor Fitzgerald

Uber Technologies, Inc. (NYSE:UBER) – Equities researchers at Cantor Fitzgerald decreased their FY2024 earnings per share estimates for Uber Technologies in a report released on Tuesday, January 28th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the ride-sharing company will earn $1.87 per share for the year, down from their prior forecast of $1.88. Cantor Fitzgerald has a “Overweight” rating and a $80.00 price objective on the stock. The consensus estimate for Uber Technologies’ current full-year earnings is $1.86 per share. Cantor Fitzgerald also issued estimates for Uber Technologies’ FY2025 earnings at $2.32 EPS.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 EPS.

A number of other equities analysts have also commented on UBER. Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Thursday, October 31st. Daiwa Capital Markets downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research note on Thursday, October 17th. Loop Capital upped their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, KeyCorp reduced their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.08.

Uber Technologies Stock Performance

Shares of UBER opened at $66.59 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies has a one year low of $54.84 and a one year high of $87.00. The company’s fifty day moving average price is $65.77 and its 200 day moving average price is $70.17. The company has a market capitalization of $140.21 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents 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 link. 3.84% of the stock is owned by insiders.

Institutional Trading of Uber Technologies

Institutional investors have recently made changes to their positions in the stock. Ascent Wealth Partners LLC purchased a new stake in Uber Technologies during the third quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky increased its position in shares of Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after purchasing an additional 13,433 shares during the last quarter. Aviso Wealth Management purchased a new position in Uber Technologies in the 3rd quarter worth about $2,302,000. Polianta Ltd bought a new position in Uber Technologies during the 4th quarter worth about $1,206,000. Finally, Brophy Wealth Management LLC purchased a new position in Uber Technologies in the third quarter valued at about $1,041,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

About Uber Technologies

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.