Wall Street analysts forecast that Benefitfocus Inc (NASDAQ:BNFT) will announce earnings of $0.15 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Benefitfocus’ earnings. The highest EPS estimate is $0.19 and the lowest is $0.06. Benefitfocus reported earnings of ($0.06) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 350%. The firm is scheduled to report its next quarterly earnings results on Wednesday, March 13th.
On average, analysts expect that Benefitfocus will report full year earnings of ($0.63) per share for the current year, with EPS estimates ranging from ($0.67) to ($0.59). For the next financial year, analysts expect that the business will post earnings of ($0.27) per share, with EPS estimates ranging from ($0.38) to ($0.18). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Benefitfocus.
Benefitfocus (NASDAQ:BNFT) last posted its quarterly earnings data on Thursday, November 1st. The software maker reported ($0.23) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.05. The firm had revenue of $61.00 million for the quarter, compared to the consensus estimate of $59.91 million. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) earnings per share.
BNFT has been the topic of several research reports. Chardan Capital lifted their price objective on Benefitfocus from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, August 3rd. BidaskClub raised Benefitfocus from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. ValuEngine raised Benefitfocus from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Wedbush initiated coverage on Benefitfocus in a research report on Thursday, October 18th. They issued an “outperform” rating and a $42.00 price target on the stock. Finally, Zacks Investment Research cut Benefitfocus from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $39.73.
In related news, Director Francis J. Pelzer sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $42.02, for a total value of $210,100.00. Following the completion of the transaction, the director now directly owns 19,275 shares in the company, valued at approximately $809,935.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Francis J. Pelzer sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $40.00, for a total transaction of $30,000.00. Following the completion of the transaction, the director now owns 24,275 shares of the company’s stock, valued at $971,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,045 shares of company stock worth $399,056. Insiders own 29.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Capital Wealth Advisors purchased a new position in Benefitfocus in the 3rd quarter worth approximately $210,000. Metropolitan Life Insurance Co. NY raised its holdings in Benefitfocus by 59.4% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 6,581 shares of the software maker’s stock worth $221,000 after acquiring an additional 2,453 shares during the last quarter. Gofen & Glossberg LLC IL purchased a new position in Benefitfocus in the 2nd quarter worth approximately $239,000. Voya Investment Management LLC purchased a new position in Benefitfocus in the 2nd quarter worth approximately $263,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Benefitfocus in the 2nd quarter worth approximately $267,000. Institutional investors own 93.26% of the company’s stock.
Benefitfocus stock traded up $0.03 during trading hours on Tuesday, hitting $41.53. 321,716 shares of the stock traded hands, compared to its average volume of 233,165. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -52.57 and a beta of 1.16. Benefitfocus has a one year low of $21.75 and a one year high of $45.88.
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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