Wall Street brokerages predict that Upland Software Inc (NASDAQ:UPLD) will post earnings of $0.57 per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Upland Software’s earnings, with estimates ranging from $0.53 to $0.61. Upland Software reported earnings of $0.38 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The business is scheduled to report its next earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Upland Software will report full year earnings of $2.45 per share for the current financial year, with EPS estimates ranging from $2.33 to $2.54. For the next financial year, analysts anticipate that the company will post earnings of $2.42 per share, with EPS estimates ranging from $2.12 to $2.71. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that that provide coverage for Upland Software.

Upland Software (NASDAQ:UPLD) last issued its earnings results on Wednesday, August 7th. The software maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.21. Upland Software had a negative net margin of 8.03% and a positive return on equity of 25.43%. The company had revenue of $53.01 million for the quarter, compared to the consensus estimate of $51.51 million. During the same period in the previous year, the firm earned ($0.26) earnings per share. Upland Software’s quarterly revenue was up 47.5% compared to the same quarter last year.

A number of brokerages have commented on UPLD. Needham & Company LLC reaffirmed a “buy” rating and set a $53.00 target price (up from $50.00) on shares of Upland Software in a research note on Monday, June 24th. ValuEngine downgraded shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. SunTrust Banks lifted their target price on shares of Upland Software to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Canaccord Genuity reaffirmed a “buy” rating and set a $52.00 target price on shares of Upland Software in a research note on Monday, May 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Upland Software presently has a consensus rating of “Buy” and a consensus target price of $51.88.

UPLD stock traded up $0.48 during trading on Tuesday, reaching $41.82. 233,300 shares of the stock were exchanged, compared to its average volume of 377,711. The company has a current ratio of 1.46, a quick ratio of 0.57 and a debt-to-equity ratio of 1.33. The business has a 50 day moving average price of $45.05 and a 200-day moving average price of $42.75. Upland Software has a 1 year low of $25.12 and a 1 year high of $54.87. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 35.44, a P/E/G ratio of 1.37 and a beta of 0.57.

Several institutional investors have recently added to or reduced their stakes in the company. Falcon Point Capital LLC raised its stake in shares of Upland Software by 1.3% in the 2nd quarter. Falcon Point Capital LLC now owns 21,536 shares of the software maker’s stock valued at $981,000 after acquiring an additional 268 shares during the period. Van Hulzen Asset Management LLC raised its stake in shares of Upland Software by 8.5% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 5,685 shares of the software maker’s stock valued at $259,000 after acquiring an additional 444 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Upland Software by 77.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,394 shares of the software maker’s stock valued at $63,000 after acquiring an additional 608 shares during the period. Aperio Group LLC purchased a new stake in shares of Upland Software in the 2nd quarter valued at approximately $28,000. Finally, Legal & General Group Plc raised its stake in shares of Upland Software by 26.6% in the 4th quarter. Legal & General Group Plc now owns 2,959 shares of the software maker’s stock valued at $81,000 after acquiring an additional 622 shares during the period. 72.44% of the stock is currently owned by institutional investors and hedge funds.

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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