Benefitfocus (NASDAQ:BNFT) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of ($0.79)-(0.54) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.03. The company issued revenue guidance of $250-258 million, compared to the consensus revenue estimate of $281.81 million.Benefitfocus also updated its Q1 guidance to ($0.42-0.35) EPS.
Shares of Benefitfocus (NASDAQ BNFT) traded up $0.15 during mid-day trading on Wednesday, hitting $24.80. The stock had a trading volume of 251,474 shares, compared to its average volume of 154,791. Benefitfocus has a twelve month low of $22.30 and a twelve month high of $37.10. The stock has a market capitalization of $781.83, a PE ratio of -28.75 and a beta of 0.98. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of -2.39.
A number of research analysts have recently weighed in on BNFT shares. Zacks Investment Research upgraded Benefitfocus from a hold rating to a buy rating and set a $30.00 price target for the company in a research report on Tuesday, January 2nd. BidaskClub upgraded Benefitfocus from a strong sell rating to a sell rating in a research report on Thursday, December 7th. Finally, ValuEngine cut Benefitfocus from a sell rating to a strong sell rating in a research report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $34.57.
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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