Zacks: Analysts Anticipate Benefitfocus Inc (BNFT) to Post -$0.06 EPS

Brokerages predict that Benefitfocus Inc (NASDAQ:BNFT) will post earnings per share (EPS) of ($0.06) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Benefitfocus’ earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.04). Benefitfocus reported earnings per share of ($0.09) during the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The company is expected to report its next quarterly earnings report after the market closes on Wednesday, March 14th.

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 anticipate that the firm will report 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 research analysts that that provide coverage for Benefitfocus.

A number of research firms have issued reports on BNFT. Zacks Investment Research raised shares of Benefitfocus from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, January 2nd. BidaskClub lowered shares of Benefitfocus from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 18th. Piper Jaffray Companies reissued a “buy” rating and set a $34.00 target price on shares of Benefitfocus in a research note on Friday, November 3rd. William Blair lowered shares of Benefitfocus from an “outperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Finally, Canaccord Genuity reissued a “buy” rating and set a $34.00 target price on shares of Benefitfocus in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Benefitfocus currently has a consensus rating of “Hold” and a consensus price target of $34.38.

Hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc raised its holdings in shares of Benefitfocus by 13.2% in the 2nd quarter. Legal & General Group Plc now owns 3,593 shares of the software maker’s stock worth $130,000 after purchasing an additional 420 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Benefitfocus by 65.1% in the 3rd quarter. Sei Investments Co. now owns 6,025 shares of the software maker’s stock worth $203,000 after purchasing an additional 2,375 shares in the last quarter. Aperio Group LLC bought a new stake in shares of Benefitfocus in the 4th quarter worth approximately $239,000. Voya Investment Management LLC bought a new stake in shares of Benefitfocus in the 2nd quarter worth approximately $245,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Benefitfocus in the 2nd quarter worth approximately $251,000. Institutional investors own 87.34% of the company’s stock.

Benefitfocus (NASDAQ:BNFT) traded down $0.30 during trading on Thursday, reaching $23.80. 133,911 shares of the company’s stock were exchanged, compared to its average volume of 157,585. The company has a debt-to-equity ratio of -2.39, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $761.50, a price-to-earnings ratio of -28.33 and a beta of 0.99. Benefitfocus has a 52-week low of $22.30 and a 52-week high of $37.10.

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About Benefitfocus

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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