$0.36 EPS Expected for BroadSoft, Inc. (BSFT) This Quarter
Wall Street analysts forecast that BroadSoft, Inc. (NASDAQ:BSFT) will report earnings per share (EPS) of $0.36 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for BroadSoft’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.44. BroadSoft posted earnings of $0.52 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 30.8%. The firm is scheduled to report its next earnings results on Monday, October 30th.
According to Zacks, analysts expect that BroadSoft will report full year earnings of $2.27 per share for the current year, with EPS estimates ranging from $1.90 to $2.40. For the next fiscal year, analysts anticipate that the company will report earnings of $2.61 per share, with EPS estimates ranging from $2.01 to $3.09. Zacks’ EPS averages are an average based on a survey of research analysts that follow BroadSoft.
BroadSoft (NASDAQ:BSFT) last posted its quarterly earnings data on Monday, August 7th. The software maker reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.53. The company had revenue of $88.80 million for the quarter, compared to analyst estimates of $86.63 million. BroadSoft had a positive return on equity of 4.72% and a negative net margin of 2.34%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 earnings per share.
Several research analysts have weighed in on BSFT shares. BidaskClub raised BroadSoft from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. ValuEngine raised BroadSoft from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Cowen and Company reissued a “buy” rating and issued a $51.00 price objective on shares of BroadSoft in a research report on Friday, July 28th. Jefferies Group LLC reissued a “buy” rating and issued a $55.00 price objective on shares of BroadSoft in a research report on Tuesday, July 25th. Finally, Robert W. Baird boosted their price objective on BroadSoft from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 8th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $48.38.
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In related news, Director John D. Jr. Markley sold 3,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $48.00, for a total transaction of $144,000.00. Following the sale, the director now owns 22,839 shares of the company’s stock, valued at approximately $1,096,272. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott D. Hoffpauir sold 8,896 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $50.00, for a total value of $444,800.00. Following the sale, the insider now directly owns 105,502 shares in the company, valued at approximately $5,275,100. The disclosure for this sale can be found here. Insiders have sold a total of 25,240 shares of company stock worth $1,229,312 in the last three months. 1.50% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. TD Asset Management Inc. lifted its holdings in BroadSoft by 2.8% during the 1st quarter. TD Asset Management Inc. now owns 14,500 shares of the software maker’s stock worth $583,000 after purchasing an additional 400 shares in the last quarter. Sei Investments Co. lifted its holdings in BroadSoft by 1.1% during the 2nd quarter. Sei Investments Co. now owns 36,486 shares of the software maker’s stock worth $1,571,000 after purchasing an additional 410 shares in the last quarter. Tealwood Asset Management Inc. lifted its holdings in BroadSoft by 0.7% during the 2nd quarter. Tealwood Asset Management Inc. now owns 66,260 shares of the software maker’s stock worth $2,852,000 after purchasing an additional 435 shares in the last quarter. US Bancorp DE lifted its holdings in BroadSoft by 9.6% during the 2nd quarter. US Bancorp DE now owns 6,595 shares of the software maker’s stock worth $284,000 after purchasing an additional 579 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in BroadSoft by 1.2% during the 1st quarter. Teachers Advisors LLC now owns 49,286 shares of the software maker’s stock worth $1,981,000 after purchasing an additional 581 shares in the last quarter.
BroadSoft (NASDAQ BSFT) traded up 0.39% during trading on Monday, hitting $51.75. The company had a trading volume of 503,583 shares. The stock’s market capitalization is $1.60 billion. BroadSoft has a 1-year low of $33.85 and a 1-year high of $52.15. The company’s 50 day moving average price is $46.07 and its 200-day moving average price is $41.90.
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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