Analysts expect that Benefitfocus (NASDAQ:BNFT) will announce ($0.38) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Benefitfocus’ earnings, with the lowest EPS estimate coming in at ($0.40) and the highest estimate coming in at ($0.35). Benefitfocus reported earnings per share of ($0.11) in the same quarter last year, which suggests a negative year-over-year growth rate of 245.5%. The company is scheduled to report its next earnings report on Thursday, April 26th.
On average, analysts expect that Benefitfocus will report full year earnings of ($0.66) per share for the current financial year, with EPS estimates ranging from ($0.74) to ($0.57). For the next financial year, analysts anticipate that the company will post earnings of ($0.23) per share, with EPS estimates ranging from ($0.38) to $0.16. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Benefitfocus.
Benefitfocus (NASDAQ:BNFT) last posted its quarterly earnings results on Wednesday, March 14th. The software maker reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). The company had revenue of $66.80 million during the quarter, compared to analyst estimates of $66.47 million. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.09) earnings per share.
A number of equities research analysts have commented on BNFT shares. Zacks Investment Research upgraded shares of Benefitfocus from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, January 2nd. BidaskClub cut shares of Benefitfocus from a “sell” rating to a “strong sell” rating in a report on Thursday, January 18th. ValuEngine cut shares of Benefitfocus from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Jefferies Group reduced their price target on shares of Benefitfocus to $30.00 and set a “buy” rating for the company in a report on Thursday, March 15th. Finally, Canaccord Genuity restated a “buy” rating and issued a $29.00 price target (down from $32.00) on shares of Benefitfocus in a report on Thursday, March 15th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $30.78.
NASDAQ:BNFT traded up $0.30 during trading hours on Friday, reaching $24.65. The company had a trading volume of 169,493 shares, compared to its average volume of 288,469. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of -2.23. The stock has a market capitalization of $762.92, a price-to-earnings ratio of -31.20 and a beta of 0.94. Benefitfocus has a twelve month low of $21.75 and a twelve month high of $37.10.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. grew its holdings in shares of Benefitfocus by 65.1% during the third quarter. Sei Investments Co. now owns 6,025 shares of the software maker’s stock valued at $203,000 after buying an additional 2,375 shares during the last quarter. Peregrine Capital Management LLC grew its holdings in shares of Benefitfocus by 0.6% during the fourth quarter. Peregrine Capital Management LLC now owns 644,503 shares of the software maker’s stock valued at $17,402,000 after buying an additional 4,033 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of Benefitfocus during the fourth quarter valued at about $173,000. Bank of New York Mellon Corp grew its holdings in shares of Benefitfocus by 10.3% during the third quarter. Bank of New York Mellon Corp now owns 77,239 shares of the software maker’s stock valued at $2,599,000 after buying an additional 7,194 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Benefitfocus by 10.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 75,845 shares of the software maker’s stock valued at $2,553,000 after buying an additional 7,247 shares during the last quarter. Hedge funds and other institutional investors own 86.19% of the company’s stock.
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Benefitfocus Company Profile
Benefitfocus, Inc provides cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers in the United States. It operates through Employer and Carrier segments. The company's products for insurance carriers include Marketplaces, which are online shopping environments; eEnrollment that provides online enrollment for benefits; eBilling, an electronic invoice presentment and payment solution; eExchange, a solution for communication; eSales for carriers and brokers to organize and manage accounts, track leads, generate quotes, and create proposals for products; and Core & Advanced Analytics, a data analytics solution.
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