Analysts Anticipate BroadSoft, Inc. (BSFT) to Post $1.35 Earnings Per Share

Brokerages forecast that BroadSoft, Inc. (NASDAQ:BSFT) will report earnings of $1.35 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for BroadSoft’s earnings. The lowest EPS estimate is $1.29 and the highest is $1.39. BroadSoft reported earnings of $0.91 per share in the same quarter last year, which indicates a positive year over year growth rate of 48.4%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that BroadSoft will report full-year earnings of $2.30 per share for the current fiscal year, with EPS estimates ranging from $2.23 to $2.41. For the next year, analysts forecast that the business will report earnings of $2.70 per share, with EPS estimates ranging from $2.50 to $3.09. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover BroadSoft.

A number of equities analysts have commented on BSFT shares. William Blair reaffirmed a “buy” rating on shares of BroadSoft in a research note on Wednesday, August 9th. ValuEngine raised shares of BroadSoft from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Needham & Company LLC lifted their target price on shares of BroadSoft from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, September 6th. Jefferies Group reaffirmed a “buy” rating and set a $55.00 target price on shares of BroadSoft in a research note on Thursday, September 28th. Finally, Northland Securities reaffirmed a “hold” rating and set a $42.00 target price on shares of BroadSoft in a research note on Wednesday, October 4th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $50.40.

Shares of BroadSoft (NASDAQ:BSFT) traded up $0.02 during mid-day trading on Monday, reaching $54.67. 1,084,584 shares of the company’s stock were exchanged, compared to its average volume of 598,130. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.41. BroadSoft has a one year low of $33.85 and a one year high of $55.05. The stock has a market capitalization of $1,728.06, a P/E ratio of 156.00, a PEG ratio of 4.27 and a beta of 0.92.

In other 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 sale, the insider now directly owns 94,656 shares of the company’s stock, valued at approximately $5,006,355.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 13,344 shares of company stock worth $707,054 over the last three months. Insiders own 1.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in BSFT. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of BroadSoft in the 3rd quarter valued at approximately $130,000. Eqis Capital Management Inc. acquired a new position in shares of BroadSoft in the third quarter valued at approximately $208,000. Pitcairn Co. acquired a new position in shares of BroadSoft in the second quarter valued at approximately $222,000. US Bancorp DE grew its holdings in shares of BroadSoft by 9.6% in the second quarter. US Bancorp DE now owns 6,595 shares of the software maker’s stock valued at $284,000 after purchasing an additional 579 shares in the last quarter. Finally, Wrapmanager Inc. acquired a new position in shares of BroadSoft in the second quarter valued at approximately $300,000.

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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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Earnings History and Estimates for BroadSoft (NASDAQ:BSFT)

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