Zacks: Analysts Expect BroadSoft, Inc. (NASDAQ:BSFT) to Post -$0.13 EPS
Brokerages expect BroadSoft, Inc. (NASDAQ:BSFT) to post ($0.13) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for BroadSoft’s earnings, with the lowest EPS estimate coming in at ($0.23) and the highest estimate coming in at ($0.08). BroadSoft posted earnings per share of $0.06 during the same quarter last year, which would indicate a negative year-over-year growth rate of 316.7%. The business is expected to issue its next quarterly earnings results before the market opens on Monday, August 7th.
According to Zacks, analysts expect that BroadSoft will report full year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.69 to $0.90. For the next fiscal year, analysts expect that the business will post earnings of $1.12 per share, with EPS estimates ranging from $0.85 to $1.33. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow BroadSoft.
BroadSoft (NASDAQ:BSFT) last issued its quarterly earnings data on Monday, May 1st. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $79.70 million during the quarter, compared to the consensus estimate of $80.42 million. BroadSoft had a positive return on equity of 5.12% and a negative net margin of 2.36%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.37 EPS.
Several research firms recently weighed in on BSFT. Jefferies Group LLC reiterated a “buy” rating and set a $55.00 target price on shares of BroadSoft in a research report on Tuesday. BidaskClub downgraded BroadSoft from a “buy” rating to a “hold” rating in a research report on Monday. Northland Securities reiterated a “hold” rating and set a $42.00 target price on shares of BroadSoft in a research report on Friday. ValuEngine upgraded BroadSoft from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Barclays PLC began coverage on BroadSoft in a research report on Friday, July 7th. They set an “equal weight” rating and a $45.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $47.33.
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Large investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new stake in shares of BroadSoft during the first quarter valued at approximately $102,000. Koch Industries Inc. purchased a new stake in shares of BroadSoft during the first quarter valued at approximately $220,000. Fox Run Management L.L.C. purchased a new stake in shares of BroadSoft during the first quarter valued at approximately $225,000. Wealthsource Partners LLC raised its stake in shares of BroadSoft by 13.2% in the first quarter. Wealthsource Partners LLC now owns 6,285 shares of the software maker’s stock valued at $253,000 after buying an additional 735 shares in the last quarter. Finally, Atria Investments LLC raised its stake in shares of BroadSoft by 3.7% in the first quarter. Atria Investments LLC now owns 6,384 shares of the software maker’s stock valued at $257,000 after buying an additional 227 shares in the last quarter.
Shares of BroadSoft (BSFT) traded up 0.93% during mid-day trading on Tuesday, hitting $43.50. The company had a trading volume of 257,658 shares. The firm has a 50-day moving average of $42.57 and a 200-day moving average of $41.05. The company’s market cap is $1.34 billion. BroadSoft has a 12 month low of $33.85 and a 12 month high of $48.40.
BroadSoft Company Profile
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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