Brokerages expect that Benefitfocus Inc (NASDAQ:BNFT) will report ($0.38) earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Benefitfocus’ earnings. The highest EPS estimate is ($0.33) and the lowest is ($0.40). Benefitfocus reported earnings per share of ($0.23) during the same quarter last year, which indicates a negative year over year growth rate of 65.2%. The business is scheduled to report its next earnings report on Thursday, November 7th.
On average, analysts expect that Benefitfocus will report full year earnings of ($0.84) per share for the current year, with EPS estimates ranging from ($0.89) to ($0.77). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.42) per share, with EPS estimates ranging from ($0.64) to ($0.19). Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Benefitfocus.
Benefitfocus (NASDAQ:BNFT) last posted its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.42) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.64) by $0.22. The company had revenue of $68.60 million for the quarter, compared to analyst estimates of $67.51 million. During the same quarter in the prior year, the business earned ($0.24) EPS. Benefitfocus’s revenue was up 13.2% compared to the same quarter last year.
Several research firms have issued reports on BNFT. Chardan Capital restated a “hold” rating and issued a $27.00 price target on shares of Benefitfocus in a research report on Thursday, August 22nd. BidaskClub lowered shares of Benefitfocus from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. began coverage on shares of Benefitfocus in a research report on Wednesday, July 3rd. They issued a “neutral” rating and a $32.00 price target on the stock. Zacks Investment Research lowered shares of Benefitfocus from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Wedbush restated a “buy” rating and issued a $40.00 price target on shares of Benefitfocus in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Benefitfocus currently has an average rating of “Hold” and an average target price of $43.45.
Shares of NASDAQ BNFT traded down $0.10 during mid-day trading on Wednesday, reaching $22.88. 6,044 shares of the company traded hands, compared to its average volume of 481,868. The firm has a market cap of $756.28 million, a PE ratio of -15.47 and a beta of 1.29. Benefitfocus has a fifty-two week low of $21.60 and a fifty-two week high of $60.66. The stock has a fifty day simple moving average of $25.03 and a 200-day simple moving average of $30.24.
Institutional investors have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc bought a new position in shares of Benefitfocus during the 2nd quarter valued at $41,000. FinTrust Capital Advisors LLC bought a new position in shares of Benefitfocus during the 2nd quarter valued at $43,000. Bank of Montreal Can raised its holdings in Benefitfocus by 153.7% in the 2nd quarter. Bank of Montreal Can now owns 4,049 shares of the software maker’s stock worth $109,000 after acquiring an additional 2,453 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in Benefitfocus by 9.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,650 shares of the software maker’s stock worth $126,000 after acquiring an additional 400 shares during the period. Finally, M&T Bank Corp bought a new position in Benefitfocus in the 2nd quarter worth $220,000. Institutional investors and hedge funds own 97.72% of the company’s stock.
Benefitfocus, Inc provides cloud-based benefits management platform for consumers, employers, insurance carriers, suppliers, and brokers in the United States. The company operates through Employer and Carrier segments. Its products for insurance carriers include BenefitsPlace, a transaction-oriented, marketplace solution; eEnrollment that provides online enrollment for benefits; eBilling, an electronic invoice presentment and payment solution; eExchange, a solution that bridges the integration gap between carrier and employer systems; eSales for carriers and brokers tools to organize and manage accounts, track leads, generate quotes, and create proposals for various products; and Core & Advanced Analytics, a data analytics solution.
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