-$0.29 Earnings Per Share Expected for Benefitfocus Inc (BNFT) This Quarter

-$0.29 Earnings Per Share Expected for Benefitfocus Inc (BNFT) This Quarter

On average, analysts expect that Benefitfocus will report full-year earnings of ($0.93) per share for the current fiscal year, with EPS estimates ranging from ($0.97) to ($0.90). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.55) per share, with EPS estimates ranging from ($0.62) to ($0.41). Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Benefitfocus.

Equities research analysts expect Benefitfocus Inc (NASDAQ:BNFT) to post earnings per share (EPS) of ($0.29) for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Benefitfocus’ earnings. The lowest EPS estimate is ($0.29) and the highest is ($0.28). Benefitfocus posted earnings of ($0.37) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.6%. The business is expected to report its next quarterly earnings results on Wednesday, August 2nd.

Benefitfocus (NASDAQ:BNFT) last announced its quarterly earnings results on Thursday, April 27th. The software maker reported ($0.25) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.02. The business had revenue of $64.10 million during the quarter, compared to the consensus estimate of $62.94 million. During the same period in the previous year, the business posted ($0.29) EPS. The firm’s revenue was up 17.0% on a year-over-year basis.

Several analysts recently commented on BNFT shares. William Blair upgraded shares of Benefitfocus from a “market perform” rating to an “outperform” rating in a research note on Thursday. Chardan Capital raised their price objective on shares of Benefitfocus from $31.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Canaccord Genuity reiterated a “buy” rating and issued a $35.00 price objective on shares of Benefitfocus in a research note on Wednesday, February 22nd. Berenberg Bank started coverage on shares of Benefitfocus in a research note on Tuesday, February 7th. They issued a “buy” rating and a $36.00 price objective for the company. Finally, Zacks Investment Research cut shares of Benefitfocus from a “hold” rating to a “sell” rating in a research note on Thursday, February 23rd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $39.88.

In related news, insider James P. Restivo sold 2,193 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $27.28, for a total value of $59,825.04. Following the completion of the sale, the insider now owns 51,401 shares in the company, valued at $1,402,219.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 45.20% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its position in shares of Benefitfocus by 423.9% in the fourth quarter. FMR LLC now owns 2,478,546 shares of the software maker’s stock worth $73,613,000 after buying an additional 2,005,415 shares during the last quarter. Frontier Capital Management Co. LLC boosted its position in shares of Benefitfocus by 141.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,438,466 shares of the software maker’s stock worth $42,722,000 after buying an additional 841,953 shares during the last quarter. Credit Suisse AG boosted its position in shares of Benefitfocus by 4,598.7% in the first quarter. Credit Suisse AG now owns 623,144 shares of the software maker’s stock worth $17,416,000 after buying an additional 609,882 shares during the last quarter. Citadel Advisors LLC boosted its position in shares of Benefitfocus by 228.5% in the first quarter. Citadel Advisors LLC now owns 407,928 shares of the software maker’s stock worth $11,401,000 after buying an additional 283,755 shares during the last quarter. Finally, Discovery Group I LLC acquired a new position in shares of Benefitfocus during the fourth quarter worth about $6,105,000. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Shares of Benefitfocus (NASDAQ BNFT) traded up 8.02% on Thursday, hitting $34.35. 184,336 shares of the company were exchanged. Benefitfocus has a 52-week low of $24.55 and a 52-week high of $44.98. The stock’s market capitalization is $1.07 billion. The firm’s 50-day moving average is $30.30 and its 200-day moving average is $29.06.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BNFT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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