Lyft (LYFT) to Release Earnings on Tuesday

Lyft (NASDAQ:LYFT) will 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 interested in registering for 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) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.14. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. Lyft had a negative net margin of 7.73% and a negative return on equity of 54.80%. On average, analysts expect Lyft to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lyft Stock Performance

Shares of LYFT stock opened at $17.20 on Monday. 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 company has a debt-to-equity ratio of 1.55, a quick ratio of 0.87 and a current ratio of 0.87. Lyft has a 52 week low of $7.85 and a 52 week high of $20.82. The company has a 50-day simple moving average of $17.72 and a 200 day simple moving average of $14.48.

Insider Buying and Selling at Lyft

In other Lyft news, Director Logan Green sold 11,867 shares of Lyft stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $15.69, for a total transaction of $186,193.23. Following the completion of the sale, the director now owns 346,341 shares of the company’s stock, valued at approximately $5,434,090.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Lyft news, President Kristin Sverchek sold 5,670 shares of the company’s 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 in the company, valued at approximately $9,521,929. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Logan Green sold 11,867 shares of Lyft stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $15.69, for a total value of $186,193.23. Following the completion of the sale, the director now owns 346,341 shares in the company, valued at approximately $5,434,090.29. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 280,526 shares of company stock valued at $5,358,031. 3.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

LYFT has been the topic of a number of recent analyst reports. UBS Group lifted their price objective on shares of Lyft from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Citigroup upped their target price on Lyft from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Tigress Financial lifted their target price on Lyft from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Argus raised shares of Lyft from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Lyft from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.05.

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.