Benefitfocus, Inc. (BNFT) to Release Earnings on Wednesday
Benefitfocus, Inc. (NASDAQ:BNFT) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 1st. Analysts expect Benefitfocus to post earnings of ($0.14) per share for the quarter. Benefitfocus has set its Q3 guidance at (0.16)-(0.13) EPS and its FY17 guidance at (0.34)-(0.24) EPS.
Benefitfocus (NASDAQ:BNFT) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.09. The business had revenue of $63.30 million for the quarter, compared to the consensus estimate of $62.07 million. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.22) EPS. On average, analysts expect Benefitfocus to post $-0.88 EPS for the current fiscal year and $-0.61 EPS for the next fiscal year.
Shares of Benefitfocus, Inc. (BNFT) opened at 28.70 on Wednesday. The firm’s 50-day moving average price is $31.27 and its 200 day moving average price is $32.08. Benefitfocus, Inc. has a 52 week low of $24.55 and a 52 week high of $37.10. The company’s market cap is $894.84 million.
BNFT has been the topic of a number of research analyst reports. BidaskClub lowered Benefitfocus from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Raymond James Financial, Inc. increased their price target on Benefitfocus from $38.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Canaccord Genuity reaffirmed a “buy” rating and set a $35.00 price objective on shares of Benefitfocus in a report on Tuesday, August 1st. Zacks Investment Research downgraded Benefitfocus from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Chardan Capital downgraded Benefitfocus from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $36.00 to $30.00 in a report on Friday, August 4th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $39.78.
COPYRIGHT VIOLATION WARNING: “Benefitfocus, Inc. (BNFT) to Release Earnings on Wednesday” was posted by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/10/25/benefitfocus-inc-bnft-to-release-earnings-on-wednesday.html.
Benefitfocus Company Profile
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.
Receive News & Ratings for Benefitfocus Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Benefitfocus Inc. and related companies with MarketBeat.com's FREE daily email newsletter.