Zacks: Analysts Anticipate The Ultimate Software Group, Inc. (ULTI) to Announce $1.44 EPS

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Wall Street brokerages expect The Ultimate Software Group, Inc. (NASDAQ:ULTI) to post earnings of $1.44 per share for the current quarter, Zacks reports. Twelve analysts have issued estimates for The Ultimate Software Group’s earnings. The highest EPS estimate is $1.52 and the lowest is $1.40. The Ultimate Software Group reported earnings per share of $1.11 in the same quarter last year, which indicates a positive year over year growth rate of 29.7%. The business is scheduled to announce its next earnings results on Tuesday, February 5th.

On average, analysts expect that The Ultimate Software Group will report full-year earnings of $5.39 per share for the current fiscal year, with EPS estimates ranging from $5.36 to $5.47. For the next financial year, analysts forecast that the company will post earnings of $6.20 per share, with EPS estimates ranging from $5.95 to $6.93. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for The Ultimate Software Group.

The Ultimate Software Group (NASDAQ:ULTI) last released its earnings results on Tuesday, October 30th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.01. The firm had revenue of $287.83 million for the quarter, compared to analyst estimates of $287.22 million. The Ultimate Software Group had a return on equity of 8.17% and a net margin of 4.57%. The company’s revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS.

Several analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on The Ultimate Software Group in a report on Monday, October 1st. They set a “buy” rating and a $370.00 price objective on the stock. BidaskClub lowered The Ultimate Software Group from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Bank of America lifted their price objective on The Ultimate Software Group from $258.00 to $266.00 and gave the stock an “underperform” rating in a report on Wednesday, September 26th. Piper Jaffray Companies reissued an “overweight” rating and set a $360.00 price objective on shares of The Ultimate Software Group in a report on Monday, August 27th. Finally, Guggenheim assumed coverage on The Ultimate Software Group in a report on Monday, August 20th. They set a “neutral” rating and a $300.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $296.38.

In related news, Director James A. Fitzpatrick, Jr. sold 494 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $267.20, for a total transaction of $131,996.80. Following the completion of the transaction, the director now owns 9,969 shares in the company, valued at approximately $2,663,716.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Gregory Swick sold 4,252 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $257.00, for a total value of $1,092,764.00. Following the transaction, the vice president now owns 25,460 shares of the company’s stock, valued at approximately $6,543,220. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. First Hawaiian Bank bought a new position in shares of The Ultimate Software Group during the 3rd quarter worth approximately $109,000. Brown Brothers Harriman & Co. lifted its position in shares of The Ultimate Software Group by 56.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 555 shares of the technology company’s stock worth $179,000 after buying an additional 200 shares during the period. Kornitzer Capital Management Inc. KS bought a new position in shares of The Ultimate Software Group during the 2nd quarter worth approximately $201,000. Alps Advisors Inc. bought a new position in shares of The Ultimate Software Group during the 2nd quarter worth approximately $205,000. Finally, Sawtooth Solutions LLC bought a new position in shares of The Ultimate Software Group during the 2nd quarter worth approximately $205,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

ULTI traded down $8.00 during midday trading on Friday, reaching $250.19. The company’s stock had a trading volume of 139,136 shares, compared to its average volume of 245,928. The firm has a market capitalization of $8.07 billion, a P/E ratio of 308.88, a price-to-earnings-growth ratio of 5.75 and a beta of 1.19. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.01. The Ultimate Software Group has a twelve month low of $205.01 and a twelve month high of $332.43.

About The Ultimate Software Group

The Ultimate Software Group, Inc provides cloud-based human capital management solutions primarily to enterprise companies in the United States and Canada. The company's UltiPro software solution delivers the functionality businesses to manage the employee life cycle from recruitment to retirement.

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Earnings History and Estimates for The Ultimate Software Group (NASDAQ:ULTI)

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