Wall Street brokerages forecast that Upland Software Inc (NASDAQ:UPLD) will post earnings of $0.49 per share for the current quarter, Zacks reports. Five analysts have made estimates for Upland Software’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.59. Upland Software reported earnings of $0.38 per share in the same quarter last year, which indicates a positive year over year growth rate of 28.9%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, August 7th.
According to Zacks, analysts expect that Upland Software will report full-year earnings of $2.05 per share for the current financial year, with EPS estimates ranging from $1.59 to $2.35. For the next year, analysts forecast that the firm will report earnings of $2.18 per share, with EPS estimates ranging from $1.84 to $2.34. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Upland Software.
Upland Software (NASDAQ:UPLD) last released its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.20. The company had revenue of $48.50 million during the quarter, compared to analysts’ expectations of $48.39 million. Upland Software had a negative net margin of 8.77% and a positive return on equity of 27.01%. The business’s quarterly revenue was up 53.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share.
Several research firms have recently weighed in on UPLD. Craig Hallum reiterated a “buy” rating and issued a $56.00 price target (up previously from $52.00) on shares of Upland Software in a report on Friday, May 31st. TheStreet cut shares of Upland Software from a “b-” rating to a “c+” rating in a report on Wednesday, July 10th. Zacks Investment Research upgraded shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price target for the company in a report on Tuesday, June 25th. BidaskClub cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Finally, Roth Capital restated a “buy” rating on shares of Kalvista Pharmaceuticals in a report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $51.88.
Shares of Upland Software stock traded up $1.41 on Friday, hitting $47.48. The company had a trading volume of 5,608 shares, compared to its average volume of 316,112. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 40.17, a P/E/G ratio of 1.82 and a beta of 0.57. Upland Software has a twelve month low of $25.12 and a twelve month high of $54.87. The company has a debt-to-equity ratio of 3.23, a current ratio of 0.57 and a quick ratio of 0.57. The company has a 50-day simple moving average of $47.15.
A number of institutional investors and hedge funds have recently made changes to their positions in UPLD. Creative Planning raised its holdings in Upland Software by 10.0% during the 2nd quarter. Creative Planning now owns 12,100 shares of the software maker’s stock worth $551,000 after purchasing an additional 1,100 shares during the last quarter. Falcon Point Capital LLC raised its holdings in Upland Software by 1.3% during the 2nd quarter. Falcon Point Capital LLC now owns 21,536 shares of the software maker’s stock worth $981,000 after purchasing an additional 268 shares during the last quarter. Cortina Asset Management LLC bought a new position in Upland Software during the 2nd quarter worth approximately $5,921,000. RK Capital Management LLC bought a new position in Upland Software during the 1st quarter worth approximately $9,163,000. Finally, Knott David M raised its holdings in Upland Software by 4.3% during the 1st quarter. Knott David M now owns 438,000 shares of the software maker’s stock worth $18,554,000 after purchasing an additional 18,000 shares during the last quarter. Institutional investors and hedge funds own 67.16% of the company’s stock.
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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