Brokerages expect Upland Software Inc (NASDAQ:UPLD) to announce earnings of $0.60 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Upland Software’s earnings. The highest EPS estimate is $0.67 and the lowest is $0.53. Upland Software reported earnings per share of $0.58 in the same quarter last year, which would suggest a positive year over year growth rate of 3.4%. The company is scheduled to issue its next quarterly earnings results on Thursday, March 5th.
According to Zacks, analysts expect that Upland Software will report full year earnings of $2.40 per share for the current fiscal year, with EPS estimates ranging from $2.33 to $2.47. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.58 per share, with EPS estimates ranging from $2.13 to $3.06. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Upland Software.
Upland Software (NASDAQ:UPLD) last announced its earnings results on Thursday, November 7th. The software maker reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.20. The firm had revenue of $55.10 million for the quarter, compared to the consensus estimate of $55.33 million. Upland Software had a negative net margin of 11.31% and a positive return on equity of 21.45%. The firm’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS.
UPLD has been the topic of a number of recent research reports. Jefferies Financial Group cut their price objective on Upland Software from $61.00 to $49.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Upland Software from a “hold” rating to a “sell” rating in a research note on Wednesday, December 11th. Credit Suisse Group began coverage on shares of Upland Software in a report on Wednesday, November 6th. They issued an “outperform” rating and a $48.00 target price on the stock. Raymond James lifted their price target on shares of Upland Software from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Finally, ValuEngine raised Upland Software from a “strong sell” rating to a “sell” rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. Upland Software presently has an average rating of “Buy” and an average price target of $50.67.
In other Upland Software news, Director Stephen E. Courter sold 1,450 shares of Upland Software stock in a transaction on Friday, November 1st. The shares were sold at an average price of $34.42, for a total value of $49,909.00. Following the transaction, the director now directly owns 11,651 shares in the company, valued at $401,027.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 11.60% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC acquired a new stake in shares of Upland Software during the fourth quarter worth $17,078,000. Metropolitan Life Insurance Co NY lifted its stake in shares of Upland Software by 38.4% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 7,336 shares of the software maker’s stock worth $256,000 after acquiring an additional 2,037 shares during the period. Raging Capital Management LLC boosted its holdings in shares of Upland Software by 193.8% in the third quarter. Raging Capital Management LLC now owns 306,913 shares of the software maker’s stock valued at $10,699,000 after acquiring an additional 202,450 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Upland Software by 73.6% in the third quarter. Squarepoint Ops LLC now owns 91,987 shares of the software maker’s stock valued at $3,207,000 after acquiring an additional 38,987 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Upland Software in the third quarter valued at about $944,000. 81.34% of the stock is currently owned by institutional investors and hedge funds.
UPLD stock traded down $0.72 during midday trading on Friday, hitting $39.80. The company’s stock had a trading volume of 127,452 shares, compared to its average volume of 214,563. The firm has a 50-day simple moving average of $38.02 and a 200-day simple moving average of $39.34. The firm has a market capitalization of $1.01 billion, a P/E ratio of -40.61, a PEG ratio of 1.00 and a beta of 0.53. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.57. Upland Software has a 52-week low of $29.15 and a 52-week high of $54.87.
Upland Software Company Profile
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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