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.
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.
ILLEGAL ACTIVITY WARNING: “BroadSoft, Inc. (BSFT) Expected to Announce Earnings of $1.31 Per Share” was published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://www.com-unik.info/2017/12/04/broadsoft-inc-bsft-expected-to-announce-earnings-of-1-31-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about BroadSoft Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for BroadSoft Inc. and related companies.