Equities analysts expect BroadSoft, Inc. (NASDAQ:BSFT) to report sales of $86.42 million for the current quarter, Zacks reports. Eight analysts have issued estimates for BroadSoft’s earnings, with the highest sales estimate coming in at $87.28 million and the lowest estimate coming in at $85.34 million. BroadSoft reported sales of $81.72 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.8%. The company is scheduled to announce its next earnings results before the market opens on Monday, August 7th.

On average, analysts expect that BroadSoft will report full-year sales of $86.42 million for the current financial year, with estimates ranging from $376.68 million to $388.30 million. For the next year, analysts expect that the company will report sales of $435.61 million per share, with estimates ranging from $423.04 million to $452.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for BroadSoft.

BroadSoft (NASDAQ:BSFT) last released its quarterly earnings results on Monday, May 1st. The software maker reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. BroadSoft had a negative net margin of 2.36% and a positive return on equity of 5.12%. The firm had revenue of $79.70 million during the quarter, compared to analysts’ expectations of $80.42 million. During the same period in the previous year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year.

Several analysts recently weighed in on BSFT shares. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $50.00 target price (up previously from $46.00) on shares of BroadSoft in a report on Monday, June 19th. William Blair reaffirmed a “buy” rating on shares of BroadSoft in a report on Thursday, May 4th. Robert W. Baird started coverage on shares of BroadSoft in a report on Tuesday, April 11th. They issued a “neutral” rating and a $44.00 target price on the stock. Dougherty & Co reduced their target price on shares of BroadSoft from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, May 2nd. Finally, Cowen and Company reduced their target price on shares of BroadSoft from $54.00 to $51.00 and set an “outperform” rating on the stock in a report on Tuesday, May 2nd. Five 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. BroadSoft has an average rating of “Buy” and a consensus price target of $47.33.

A number of hedge funds have recently added to or reduced their stakes in BSFT. Ameritas Investment Partners Inc. bought a new stake in BroadSoft during the first quarter worth $102,000. Koch Industries Inc. bought a new stake in BroadSoft during the first quarter worth $220,000. Fox Run Management L.L.C. bought a new stake in BroadSoft during the first quarter worth $225,000. Wealthsource Partners LLC boosted its stake in BroadSoft by 13.2% in the first quarter. Wealthsource Partners LLC now owns 6,285 shares of the software maker’s stock worth $253,000 after buying an additional 735 shares during the last quarter. Finally, Atria Investments LLC boosted its stake in BroadSoft by 3.7% in the first quarter. Atria Investments LLC now owns 6,384 shares of the software maker’s stock worth $257,000 after buying an additional 227 shares during the last quarter.

BroadSoft (NASDAQ BSFT) traded up 0.80% during trading on Thursday, hitting $43.90. 7,889 shares of the company were exchanged. BroadSoft has a 12 month low of $33.85 and a 12 month high of $48.40. The stock’s 50-day moving average is $42.68 and its 200-day moving average is $41.08. The company’s market capitalization is $1.35 billion.

ILLEGAL ACTIVITY NOTICE: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/07/27/broadsoft-inc-bsft-expected-to-announce-quarterly-sales-of-86-42-million.html.

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.

Get a free copy of the Zacks research report on BroadSoft (BSFT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for BroadSoft Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BroadSoft Inc. and related companies with MarketBeat.com's FREE daily email newsletter.