Benefitfocus, Inc. (NASDAQ:BNFT) Scheduled to Post Quarterly Earnings on Thursday
Benefitfocus, Inc. (NASDAQ:BNFT) is scheduled to issue its quarterly earnings data after the market closes on Thursday, August 3rd. Analysts expect the company to announce earnings of ($0.15) per share for the quarter.
Benefitfocus (NASDAQ:BNFT) last announced its earnings results on Thursday, April 27th. The software maker reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.02. The business had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $62.94 million. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.29) earnings per share. On average, analysts expect Benefitfocus to post $-0.32 EPS for the current fiscal year and $0.12 EPS for the next fiscal year.
Shares of Benefitfocus, Inc. (NASDAQ BNFT) opened at 35.90 on Thursday. The stock’s market capitalization is $1.11 billion. Benefitfocus, Inc. has a 12 month low of $24.55 and a 12 month high of $44.98. The stock’s 50 day moving average is $35.76 and its 200 day moving average is $30.96.
BNFT has been the topic of a number of recent research reports. BidaskClub lowered shares of Benefitfocus from a “buy” rating to a “hold” rating in a research report on Monday. Chardan Capital boosted their price target on shares of Benefitfocus from $31.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Zacks Investment Research upgraded shares of Benefitfocus from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Wednesday, June 28th. Finally, William Blair upgraded shares of Benefitfocus from a “market perform” rating to an “outperform” rating in a research report on Thursday, June 1st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Benefitfocus currently has a consensus rating of “Buy” and a consensus price target of $39.00.
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Benefitfocus, Inc (Benefitfocus) is a provider of cloud-based benefits management platform for consumers, employers, insurance carriers and brokers. The Benefitfocus Platform allows how organizations and individuals shop for, enroll in, manage and exchange benefits. The Company operates through two business segments: Employer, which derives its revenue from customers that use the Company’s services for the provision of benefits to their employees, and administrators acting on behalf of employers, Carrier, which derives its revenue from insurance companies that provide coverage at their own risk.
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