Brokerages Expect Upland Software Inc (UPLD) Will Announce Earnings of $0.48 Per Share

Equities analysts expect Upland Software Inc (NASDAQ:UPLD) to announce earnings of $0.48 per share for the current quarter, Zacks reports. Four analysts have made estimates for Upland Software’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.35. Upland Software reported earnings per share of $0.37 in the same quarter last year, which would suggest a positive year-over-year growth rate of 29.7%. The business is expected to issue its next quarterly earnings report after the market closes on Thursday, March 7th.

On average, analysts expect that Upland Software will report full-year earnings of $1.59 per share for the current year, with EPS estimates ranging from $1.46 to $1.75. For the next year, analysts anticipate that the firm will post earnings of $1.95 per share, with EPS estimates ranging from $1.43 to $2.37. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Upland Software.

Upland Software (NASDAQ:UPLD) last released its quarterly earnings results on Thursday, November 8th. The software maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.17 by $0.21. The business had revenue of $37.10 million for the quarter, compared to analyst estimates of $36.56 million. Upland Software had a negative net margin of 12.40% and a positive return on equity of 20.76%. The company’s quarterly revenue was up 42.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 earnings per share.

Several analysts have recently commented on UPLD shares. ValuEngine upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Canaccord Genuity reiterated a “buy” rating and issued a $40.00 price target on shares of Upland Software in a research report on Monday, December 17th. Finally, BidaskClub upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Upland Software has a consensus rating of “Buy” and a consensus price target of $34.64.

Shares of UPLD stock traded up $0.38 during trading hours on Monday, hitting $31.83. The company’s stock had a trading volume of 54,100 shares, compared to its average volume of 171,596. The firm has a market capitalization of $686.12 million, a PE ratio of 38.35, a P/E/G ratio of 1.41 and a beta of 0.60. Upland Software has a twelve month low of $21.55 and a twelve month high of $38.30. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.64 and a quick ratio of 0.64.

In related news, CEO John T. Mcdonald sold 10,635 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $30.45, for a total transaction of $323,835.75. Following the transaction, the chief executive officer now owns 1,581,652 shares of the company’s stock, valued at $48,161,303.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John T. Mcdonald sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the transaction, the chief executive officer now directly owns 1,565,947 shares in the company, valued at approximately $46,978,410. The disclosure for this sale can be found here. Corporate insiders own 14.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new position in Upland Software during the third quarter worth approximately $121,000. LPL Financial LLC purchased a new position in Upland Software during the fourth quarter worth approximately $200,000. NJ State Employees Deferred Compensation Plan purchased a new position in Upland Software during the fourth quarter worth approximately $245,000. Calamos Advisors LLC purchased a new position in Upland Software during the third quarter worth approximately $311,000. Finally, Alliancebernstein L.P. raised its stake in Upland Software by 60.7% during the third quarter. Alliancebernstein L.P. now owns 9,800 shares of the software maker’s stock worth $317,000 after purchasing an additional 3,700 shares during the period. 57.76% of the stock is currently owned by institutional investors and hedge funds.

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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