Analysts expect that Benefitfocus Inc (NASDAQ:BNFT) will report earnings of ($0.05) per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Benefitfocus’ earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.04). Benefitfocus reported earnings of ($0.09) per share in the same quarter last year, which would suggest a positive year over year growth rate of 44.4%. The firm is scheduled to announce its next earnings results after the market closes on Wednesday, March 14th.
On average, analysts expect that Benefitfocus will report full-year earnings of ($0.27) per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of ($0.22) per share, with EPS estimates ranging from ($0.28) to ($0.16). Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Benefitfocus.
BNFT has been the subject of a number of recent research reports. BidaskClub upgraded shares of Benefitfocus from a “strong sell” rating to a “sell” rating in a report on Thursday, December 7th. ValuEngine downgraded shares of Benefitfocus from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research upgraded shares of Benefitfocus from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Benefitfocus currently has an average rating of “Hold” and an average target price of $34.57.
Shares of Benefitfocus (NASDAQ BNFT) opened at $24.65 on Wednesday. The company has a market cap of $781.83, a PE ratio of -29.34 and a beta of 0.98. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of -2.39. Benefitfocus has a 1-year low of $22.30 and a 1-year high of $37.10.
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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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