Zacks: Analysts Expect Upland Software Inc (UPLD) to Post $0.26 EPS

Wall Street analysts predict that Upland Software Inc (NASDAQ:UPLD) will announce earnings per share of $0.26 for the current quarter, Zacks reports. Five analysts have provided estimates for Upland Software’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.22. Upland Software posted earnings of ($0.12) per share during the same quarter last year, which would indicate a positive year over year growth rate of 316.7%. The company is expected to announce its next earnings results on Thursday, March 22nd.

On average, analysts expect that Upland Software will report full year earnings of $0.92 per share for the current fiscal year, with EPS estimates ranging from $0.88 to $0.98. For the next financial year, analysts forecast that the firm will report earnings of $1.23 per share, with EPS estimates ranging from $1.04 to $1.41. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Upland Software.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings results on Thursday, November 9th. The software maker reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. Upland Software had a negative return on equity of 13.22% and a negative net margin of 18.89%. The firm had revenue of $26.07 million during the quarter, compared to analyst estimates of $25.33 million. During the same period last year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was up 35.5% on a year-over-year basis.

A number of equities research analysts recently issued reports on the company. BidaskClub upgraded Upland Software from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine downgraded Upland Software from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research upgraded Upland Software from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Upland Software presently has a consensus rating of “Buy” and an average target price of $26.40.

Shares of Upland Software (UPLD) opened at $23.03 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.28 and a quick ratio of 1.28. Upland Software has a 12-month low of $10.00 and a 12-month high of $25.56. The stock has a market capitalization of $478.46, a price-to-earnings ratio of -23.99, a P/E/G ratio of 1.45 and a beta of 0.54.

In other Upland Software news, major shareholder Systems Corp Wave sold 1,460,862 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $22.00, for a total transaction of $32,138,964.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael Douglass Hill sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $24.31, for a total value of $486,200.00. The disclosure for this sale can be found here. Insiders sold 2,039,712 shares of company stock worth $44,932,254 in the last quarter. 30.20% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pembroke Management LTD raised its position in Upland Software by 4.0% during the third quarter. Pembroke Management LTD now owns 623,100 shares of the software maker’s stock valued at $13,185,000 after purchasing an additional 24,000 shares in the last quarter. Vanguard Group Inc. raised its position in Upland Software by 55.3% during the second quarter. Vanguard Group Inc. now owns 403,955 shares of the software maker’s stock valued at $8,883,000 after purchasing an additional 143,808 shares in the last quarter. Lyon Street Capital LLC raised its position in Upland Software by 16.8% during the third quarter. Lyon Street Capital LLC now owns 388,911 shares of the software maker’s stock valued at $8,229,000 after purchasing an additional 55,965 shares in the last quarter. Precept Management LLC raised its position in Upland Software by 41.3% during the second quarter. Precept Management LLC now owns 278,700 shares of the software maker’s stock valued at $6,129,000 after purchasing an additional 81,425 shares in the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new stake in Upland Software during the second quarter valued at about $5,584,000. Institutional investors and hedge funds own 30.10% of the company’s stock.

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Upland Software Company Profile

Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.

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