Brokerages Anticipate Benefitfocus Inc (BNFT) to Post -$0.06 Earnings Per Share

Equities research analysts predict that Benefitfocus Inc (NASDAQ:BNFT) will post earnings of ($0.06) per share for the current quarter, Zacks reports. Five analysts have issued estimates for Benefitfocus’ earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.04). Benefitfocus reported earnings of ($0.09) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The business is scheduled to issue its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Benefitfocus will report full-year earnings of ($0.27) per share for the current financial year, with EPS estimates ranging from ($0.28) to ($0.25). For the next year, analysts forecast that the firm will post earnings of ($0.01) per share, with EPS estimates ranging from ($0.28) to $0.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Benefitfocus.

Benefitfocus (NASDAQ:BNFT) last posted its earnings results on Thursday, November 2nd. The software maker reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.08. The company had revenue of $62.45 million during the quarter, compared to the consensus estimate of $62.19 million. During the same period last year, the firm posted ($0.14) EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis.

A number of equities research analysts have commented on the stock. BidaskClub downgraded shares of Benefitfocus from a “sell” rating to a “strong sell” rating in a research report on Thursday. Zacks Investment Research downgraded shares of Benefitfocus from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Canaccord Genuity reissued a “buy” rating and set a $34.00 price objective on shares of Benefitfocus in a research report on Monday, October 30th. Piper Jaffray Companies reissued a “buy” rating and set a $34.00 price objective on shares of Benefitfocus in a research report on Friday, November 3rd. Finally, William Blair downgraded shares of Benefitfocus from an “outperform” rating to a “market perform” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $34.38.

Benefitfocus (NASDAQ BNFT) traded up $0.45 during trading hours on Monday, reaching $25.55. 124,700 shares of the company’s stock were exchanged, compared to its average volume of 161,185. The company has a debt-to-equity ratio of -2.39, a quick ratio of 1.08 and a current ratio of 1.08. Benefitfocus has a fifty-two week low of $22.30 and a fifty-two week high of $37.10. The company has a market cap of $790.41, a P/E ratio of -30.06 and a beta of 1.12.

In other Benefitfocus news, CEO Shawn A. Jenkins acquired 37,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was purchased at an average price of $25.27 per share, with a total value of $934,990.00. Following the transaction, the chief executive officer now directly owns 2,782,683 shares in the company, valued at approximately $70,318,399.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 40.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in Benefitfocus by 70.0% in the 2nd quarter. FMR LLC now owns 4,651,067 shares of the software maker’s stock worth $169,066,000 after purchasing an additional 1,914,954 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in Benefitfocus by 37.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,752,918 shares of the software maker’s stock worth $47,329,000 after purchasing an additional 473,522 shares in the last quarter. Discovery Group I LLC lifted its stake in Benefitfocus by 77.7% in the 3rd quarter. Discovery Group I LLC now owns 749,850 shares of the software maker’s stock worth $25,232,000 after purchasing an additional 327,845 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in Benefitfocus in the 3rd quarter worth $8,038,000. Finally, Vanguard Group Inc. lifted its stake in Benefitfocus by 11.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,238,539 shares of the software maker’s stock worth $45,021,000 after purchasing an additional 129,829 shares in the last quarter. Institutional investors own 85.72% of the company’s stock.

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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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