BroadSoft, Inc. (BSFT) Expected to Announce Earnings of $1.31 Per Share

Wall Street analysts forecast that BroadSoft, Inc. (NASDAQ:BSFT) will post earnings of $1.31 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for BroadSoft’s earnings, with the lowest EPS estimate coming in at $1.01 and the highest estimate coming in at $1.45. BroadSoft posted earnings of $0.91 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 44%. The firm is expected to announce its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that BroadSoft will report full-year earnings of $2.26 per share for the current fiscal year, with EPS estimates ranging from $1.90 to $2.41. For the next financial year, analysts forecast that the firm will post earnings of $2.60 per share, with EPS estimates ranging from $2.01 to $3.09. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for BroadSoft.

A number of research analysts recently issued reports on BSFT shares. William Blair restated a “buy” rating on shares of BroadSoft in a report on Wednesday, August 9th. Jefferies Group restated a “buy” rating and set a $55.00 price target on shares of BroadSoft in a report on Thursday, September 28th. Needham & Company LLC lifted their price objective on BroadSoft from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research raised BroadSoft from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Tuesday, October 17th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $45.00 price objective on shares of BroadSoft in a research report on Friday, October 20th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. BroadSoft presently has a consensus rating of “Hold” and an average target price of $50.40.

Shares of BroadSoft (BSFT) traded down $0.20 during trading hours on Monday, reaching $54.80. The company had a trading volume of 1,723,700 shares, compared to its average volume of 589,102. BroadSoft has a 52 week low of $33.85 and a 52 week high of $55.05. The stock has a market cap of $1,734.39, a P/E ratio of 156.57, a PEG ratio of 4.29 and a beta of 0.92. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.64 and a current ratio of 2.64.

In related news, insider Scott D. Hoffpauir sold 4,448 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $52.89, for a total value of $235,254.72. Following the completion of the transaction, the insider now directly owns 94,656 shares in the company, valued at approximately $5,006,355.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 13,344 shares of company stock worth $707,054. Insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. raised its stake in BroadSoft by 1.1% during the 2nd quarter. Sei Investments Co. now owns 36,486 shares of the software maker’s stock valued at $1,571,000 after buying an additional 410 shares during the last quarter. US Bancorp DE raised its stake in BroadSoft by 9.6% during the 2nd quarter. US Bancorp DE now owns 6,595 shares of the software maker’s stock valued at $284,000 after buying an additional 579 shares during the last quarter. Teachers Advisors LLC raised its stake in BroadSoft by 1.2% during the 1st quarter. Teachers Advisors LLC now owns 49,286 shares of the software maker’s stock valued at $1,981,000 after buying an additional 581 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in BroadSoft by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,393 shares of the software maker’s stock valued at $1,007,000 after buying an additional 750 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in BroadSoft by 2.6% during the 2nd quarter. Rhumbline Advisers now owns 35,386 shares of the software maker’s stock valued at $1,523,000 after buying an additional 894 shares during the last quarter.

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About BroadSoft

BroadSoft, Inc is a global provider of software and services that enable telecommunications service providers to deliver hosted, cloud-based Unified Communications (UC) to their enterprise customers. The BroadSoft Business solution is a communications and collaboration offering that enables telecommunications service providers to offer businesses and other enterprises UC features and functionalities on a cloud-delivered basis without the need for traditional premise-based private branch exchange (PBX) equipment.

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