Benefitfocus Inc (BNFT) Expected to Announce Earnings of -$0.06 Per Share
Equities analysts predict that Benefitfocus Inc (NASDAQ:BNFT) will announce earnings of ($0.06) per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Benefitfocus’ earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.07). Benefitfocus posted earnings per share of ($0.09) in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.
On average, analysts expect that Benefitfocus will report full-year earnings of ($0.27) per share for the current fiscal year, with EPS estimates ranging from ($0.28) to ($0.25). For the next fiscal year, analysts forecast that the company will post earnings of ($0.01) per share, with EPS estimates ranging from ($0.28) to $0.20. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Benefitfocus.
Benefitfocus (NASDAQ:BNFT) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.08. The business had revenue of $62.45 million during the quarter, compared to the consensus estimate of $62.19 million. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.14) earnings per share.
Shares of Benefitfocus (NASDAQ:BNFT) opened at $26.75 on Friday. Benefitfocus has a fifty-two week low of $22.30 and a fifty-two week high of $37.10. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of -2.39.
In other news, CEO Shawn A. Jenkins purchased 37,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was bought at an average cost of $25.27 per share, for a total transaction of $934,990.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,782,683 shares of the company’s stock, valued at $70,318,399.41. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 40.10% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of Benefitfocus by 70.0% during the second quarter. FMR LLC now owns 4,651,067 shares of the software maker’s stock valued at $169,066,000 after buying an additional 1,914,954 shares during the last quarter. Bamco Inc. NY raised its position in shares of Benefitfocus by 0.6% during the second quarter. Bamco Inc. NY now owns 4,247,487 shares of the software maker’s stock valued at $154,396,000 after buying an additional 24,954 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Benefitfocus by 11.7% during the second quarter. Vanguard Group Inc. now owns 1,238,539 shares of the software maker’s stock valued at $45,021,000 after buying an additional 129,829 shares during the last quarter. Artisan Partners Limited Partnership raised its position in shares of Benefitfocus by 3.0% during the second quarter. Artisan Partners Limited Partnership now owns 968,092 shares of the software maker’s stock valued at $35,190,000 after buying an additional 28,491 shares during the last quarter. Finally, Discovery Group I LLC raised its position in shares of Benefitfocus by 77.7% during the third quarter. Discovery Group I LLC now owns 749,850 shares of the software maker’s stock valued at $25,232,000 after buying an additional 327,845 shares during the last quarter. Institutional investors own 85.77% of the company’s stock.
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.
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