Upland Software Inc (UPLD) Expected to Post Earnings of $0.48 Per Share

Equities analysts expect that Upland Software Inc (NASDAQ:UPLD) will announce $0.48 earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for Upland Software’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.35. Upland Software reported earnings of $0.37 per share in the same quarter last year, which suggests a positive year over year growth rate of 29.7%. The firm is scheduled to issue its next earnings results after the market closes on Thursday, March 7th.

According to Zacks, analysts expect that Upland Software will report full year earnings of $1.59 per share for the current fiscal year, with EPS estimates ranging from $1.46 to $1.75. For the next fiscal year, analysts expect that the company will post earnings of $1.95 per share, with EPS estimates ranging from $1.43 to $2.37. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Upland Software.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings data on Thursday, November 8th. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.21. The business had revenue of $37.10 million during the quarter, compared to analysts’ expectations of $36.56 million. Upland Software had a positive return on equity of 20.76% and a negative net margin of 12.40%. The firm’s quarterly revenue was up 42.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share.

UPLD has been the subject of a number of recent research reports. ValuEngine upgraded Upland Software from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Canaccord Genuity reiterated a “buy” rating and set a $40.00 price objective on shares of Upland Software in a research note on Monday, December 17th. Finally, BidaskClub raised Upland Software from a “hold” rating to a “buy” rating in a report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. Upland Software presently has an average rating of “Buy” and an average price target of $34.64.

In other Upland Software news, CEO John T. Mcdonald sold 10,635 shares of Upland Software stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $30.45, for a total value of $323,835.75. Following the completion of the sale, the chief executive officer now owns 1,581,652 shares of the company’s stock, valued at approximately $48,161,303.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John T. Mcdonald sold 20,000 shares of Upland Software stock in a transaction on Friday, January 18th. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,565,947 shares of the company’s stock, valued at approximately $46,978,410. The disclosure for this sale can be found here. 14.70% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of UPLD. Evanson Asset Management LLC grew its holdings in shares of Upland Software by 18.4% in the fourth quarter. Evanson Asset Management LLC now owns 10,887 shares of the software maker’s stock worth $296,000 after acquiring an additional 1,690 shares during the period. Teachers Advisors LLC grew its holdings in shares of Upland Software by 7.6% in the third quarter. Teachers Advisors LLC now owns 31,777 shares of the software maker’s stock worth $1,027,000 after acquiring an additional 2,249 shares during the period. Bank of America Corp DE grew its holdings in shares of Upland Software by 13.9% in the second quarter. Bank of America Corp DE now owns 26,825 shares of the software maker’s stock worth $922,000 after acquiring an additional 3,266 shares during the period. Virginia Retirement Systems ET AL grew its holdings in shares of Upland Software by 5.5% in the fourth quarter. Virginia Retirement Systems ET AL now owns 63,000 shares of the software maker’s stock worth $1,712,000 after acquiring an additional 3,300 shares during the period. Finally, Monarch Partners Asset Management LLC grew its holdings in shares of Upland Software by 18.8% in the fourth quarter. Monarch Partners Asset Management LLC now owns 20,928 shares of the software maker’s stock worth $569,000 after acquiring an additional 3,308 shares during the period. 57.76% of the stock is owned by institutional investors and hedge funds.

NASDAQ:UPLD traded up $0.38 during trading hours on Monday, reaching $31.83. 54,100 shares of the company traded hands, compared to its average volume of 171,596. The stock has a market capitalization of $686.12 million, a price-to-earnings ratio of 38.35, a PEG ratio of 1.41 and a beta of 0.60. Upland Software has a 1 year low of $21.55 and a 1 year high of $38.30. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.72.

About Upland Software

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

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