Wall Street brokerages predict that BroadSoft, Inc. (NASDAQ:BSFT) will announce sales of $87.92 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for BroadSoft’s earnings, with estimates ranging from $87.00 million to $89.83 million. BroadSoft posted sales of $84.12 million in the same quarter last year, which indicates a positive year over year growth rate of 4.5%. The business is scheduled to report its next quarterly earnings results on Monday, October 30th.

On average, analysts expect that BroadSoft will report full-year sales of $87.92 million for the current financial year, with estimates ranging from $379.75 million to $384.90 million. For the next fiscal year, analysts expect that the company will report sales of $431.75 million per share, with estimates ranging from $411.93 million to $452.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow BroadSoft.

BroadSoft (NASDAQ:BSFT) last announced its earnings results on Monday, August 7th. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.53. The business had revenue of $88.80 million for the quarter, compared to analysts’ expectations of $86.63 million. BroadSoft had a positive return on equity of 4.72% and a negative net margin of 2.34%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS.

A number of research firms have recently issued reports on BSFT. Robert W. Baird lifted their price objective on shares of BroadSoft from $41.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, August 8th. William Blair reiterated an “outperform” rating on shares of BroadSoft in a report on Thursday, October 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 price objective on shares of BroadSoft in a report on Thursday, September 28th. Northland Securities reiterated a “hold” rating and issued a $42.00 price objective on shares of BroadSoft in a report on Wednesday, October 4th. Finally, Zacks Investment Research downgraded shares of BroadSoft from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. BroadSoft presently has a consensus rating of “Buy” and an average price target of $50.00.

In other BroadSoft news, insider Scott D. Hoffpauir sold 8,896 shares of BroadSoft stock in a transaction on Friday, September 1st. The shares were sold at an average price of $50.00, for a total transaction of $444,800.00. Following the completion of the transaction, the insider now directly owns 105,502 shares of the company’s stock, valued at $5,275,100. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Scott D. Hoffpauir sold 13,344 shares of BroadSoft stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $48.00, for a total transaction of $640,512.00. Following the transaction, the insider now directly owns 114,398 shares of the company’s stock, valued at $5,491,104. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,688 shares of company stock worth $1,458,384. 1.50% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. bought a new position in BroadSoft during the first quarter worth $102,000. Eqis Capital Management Inc. bought a new position in BroadSoft during the third quarter worth $208,000. Pitcairn Co. bought a new position in BroadSoft during the second quarter worth $222,000. US Bancorp DE boosted its position in BroadSoft by 9.6% during the second quarter. US Bancorp DE now owns 6,595 shares of the software maker’s stock worth $284,000 after purchasing an additional 579 shares during the period. Finally, Wrapmanager Inc. bought a new position in BroadSoft during the second quarter worth $300,000.

Shares of BroadSoft (NASDAQ:BSFT) remained flat at $53.55 during mid-day trading on Monday. 280,974 shares of the company’s stock were exchanged. BroadSoft has a 1-year low of $33.85 and a 1-year high of $54.70. The firm’s market capitalization is $1.66 billion. The stock’s 50 day moving average is $50.06 and its 200 day moving average is $43.10.

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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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Earnings History and Estimates for BroadSoft (NASDAQ:BSFT)

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