Brokerages Anticipate Benefitfocus Inc (BNFT) to Announce -$0.06 EPS

Analysts predict that Benefitfocus Inc (NASDAQ:BNFT) will announce earnings of ($0.06) per share for the current quarter, according to Zacks. Five analysts have made estimates for Benefitfocus’ earnings, with estimates ranging from ($0.07) to ($0.04). Benefitfocus reported earnings of ($0.09) per share during the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The business is scheduled to report its next earnings results on Thursday, February 22nd.

On average, analysts expect that Benefitfocus will report full-year earnings of ($0.27) per share for the current fiscal year, with EPS estimates ranging from ($0.28) to ($0.25). For the next financial year, analysts expect that the business will post earnings of ($0.01) per share, with EPS estimates ranging from ($0.28) to $0.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Benefitfocus.

Benefitfocus (NASDAQ:BNFT) last posted its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.08. The company had revenue of $62.45 million for the quarter, compared to the consensus estimate of $62.19 million. During the same quarter last year, the business earned ($0.14) EPS. Benefitfocus’s revenue was up 7.6% on a year-over-year basis.

A number of research firms have commented on BNFT. Zacks Investment Research upgraded Benefitfocus from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Tuesday, October 3rd. Berenberg Bank reaffirmed a “buy” rating and issued a $36.00 target price on shares of Benefitfocus in a report on Thursday, August 10th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $34.00 target price on shares of Benefitfocus in a report on Friday, November 3rd. William Blair downgraded Benefitfocus from an “outperform” rating to a “market perform” rating in a report on Friday, November 3rd. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $34.00 target price on shares of Benefitfocus in a report on Monday, October 30th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $35.38.

Benefitfocus (NASDAQ:BNFT) traded down $1.60 during trading on Friday, reaching $25.15. The company’s stock had a trading volume of 259,200 shares, compared to its average volume of 203,110. Benefitfocus has a 12-month low of $22.30 and a 12-month high of $37.10. The company has a debt-to-equity ratio of -2.39, a quick ratio of 1.08 and a current ratio of 1.08.

In other news, CEO Shawn A. Jenkins acquired 37,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $25.27 per share, with a total value of $934,990.00. Following the acquisition, the chief executive officer now directly owns 2,782,683 shares in the company, valued at approximately $70,318,399.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 40.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc lifted its holdings in Benefitfocus by 13.2% during the 2nd quarter. Legal & General Group Plc now owns 3,593 shares of the software maker’s stock worth $130,000 after buying an additional 420 shares during the period. Sei Investments Co. acquired a new position in Benefitfocus during the 2nd quarter worth about $133,000. Aperio Group LLC acquired a new position in Benefitfocus during the 2nd quarter worth about $222,000. ETRADE Capital Management LLC acquired a new position in Benefitfocus during the 2nd quarter worth about $227,000. Finally, Voya Investment Management LLC acquired a new position in Benefitfocus during the 2nd quarter worth about $245,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for Benefitfocus (NASDAQ:BNFT)

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