Upland Software Inc (UPLD) Expected to Announce Earnings of $0.26 Per Share
Brokerages expect Upland Software Inc (NASDAQ:UPLD) to post earnings per share of $0.26 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued 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 per share of ($0.12) during the same quarter last year, which would suggest a positive year-over-year growth rate of 316.7%. The business is scheduled to report its next earnings results on Thursday, March 22nd.
According to Zacks, analysts expect that Upland Software will report full-year earnings of $0.92 per share for the current financial year, with EPS estimates ranging from $0.88 to $0.98. For the next year, analysts anticipate that the company will report earnings of $1.23 per share, with EPS estimates ranging from $1.04 to $1.41. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Upland Software.
Several research analysts have recently weighed in on UPLD shares. Zacks Investment Research upgraded shares of Upland Software from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Friday, November 17th. BidaskClub raised shares of Upland Software from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Finally, ValuEngine downgraded shares of Upland Software from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $26.40.
A number of large investors have recently modified their holdings of UPLD. Schwab Charles Investment Management Inc. acquired a new stake in Upland Software in the second quarter valued at approximately $258,000. Bank of New York Mellon Corp acquired a new stake in Upland Software in the second quarter valued at approximately $489,000. Teachers Advisors LLC acquired a new stake in Upland Software in the second quarter valued at approximately $279,000. TIAA CREF Investment Management LLC acquired a new stake in Upland Software in the second quarter valued at approximately $632,000. Finally, New York State Common Retirement Fund acquired a new stake in Upland Software in the second quarter valued at approximately $172,000. 33.33% of the stock is owned by institutional investors.
Shares of Upland Software (NASDAQ UPLD) traded down $0.10 during mid-day trading on Friday, hitting $22.63. 71,021 shares of the stock traded hands, compared to its average volume of 138,434. The stock has a market cap of $470.16, a price-to-earnings ratio of -23.57, a P/E/G ratio of 1.43 and a beta of 0.57. Upland Software has a 1-year low of $11.62 and a 1-year high of $25.56. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.28 and a current ratio of 1.28.
About Upland Software
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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