$64.46 Million in Sales Expected for Upland Software Inc (NASDAQ:UPLD) This Quarter

Brokerages forecast that Upland Software Inc (NASDAQ:UPLD) will announce sales of $64.46 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Upland Software’s earnings. The highest sales estimate is $64.66 million and the lowest is $64.30 million. Upland Software posted sales of $48.49 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 32.9%. The company is scheduled to announce its next quarterly earnings results on Thursday, May 7th.

According to Zacks, analysts expect that Upland Software will report full-year sales of $274.02 million for the current financial year, with estimates ranging from $270.90 million to $276.66 million. For the next year, analysts expect that the firm will report sales of $286.95 million, with estimates ranging from $281.70 million to $296.32 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Upland Software.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings results on Thursday, February 27th. The software maker reported $0.67 EPS for the quarter, beating the consensus estimate of $0.32 by $0.35. Upland Software had a positive return on equity of 18.44% and a negative net margin of 20.38%. The firm had revenue of $66.07 million during the quarter, compared to analysts’ expectations of $62.66 million.

Several research firms have issued reports on UPLD. Zacks Investment Research cut Upland Software from a “hold” rating to a “sell” rating in a research note on Wednesday, December 11th. Craig Hallum cut their target price on Upland Software from $59.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Needham & Company LLC reissued a “buy” rating and set a $53.00 target price on shares of Upland Software in a research note on Wednesday, February 5th. ValuEngine raised Upland Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Credit Suisse Group reissued a “buy” rating and set a $48.00 target price on shares of Upland Software in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $48.89.

Shares of NASDAQ:UPLD traded up $1.65 during midday trading on Monday, hitting $26.30. The company had a trading volume of 344,100 shares, compared to its average volume of 294,734. Upland Software has a twelve month low of $20.75 and a twelve month high of $54.87. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market cap of $676.57 million, a price-to-earnings ratio of -13.77, a price-to-earnings-growth ratio of 0.90 and a beta of 0.91. The business’s 50-day simple moving average is $33.33 and its 200-day simple moving average is $36.75.

Several hedge funds and other institutional investors have recently modified their holdings of UPLD. Tower Research Capital LLC TRC grew its stake in shares of Upland Software by 57.1% in the third quarter. Tower Research Capital LLC TRC now owns 1,420 shares of the software maker’s stock valued at $50,000 after buying an additional 516 shares in the last quarter. CDAM UK Ltd boosted its holdings in Upland Software by 26.2% in the third quarter. CDAM UK Ltd now owns 1,154,511 shares of the software maker’s stock valued at $40,246,000 after purchasing an additional 239,485 shares during the period. California State Teachers Retirement System boosted its holdings in Upland Software by 3.1% in the third quarter. California State Teachers Retirement System now owns 35,675 shares of the software maker’s stock valued at $1,244,000 after purchasing an additional 1,074 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Upland Software by 20.9% in the third quarter. Public Employees Retirement System of Ohio now owns 101,100 shares of the software maker’s stock valued at $3,524,000 after purchasing an additional 17,500 shares during the period. Finally, Voloridge Investment Management LLC purchased a new position in Upland Software in the third quarter valued at $944,000. 76.80% of the stock is 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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Earnings History and Estimates for Upland Software (NASDAQ:UPLD)

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