Zacks: Brokerages Anticipate Benefitfocus Inc (BNFT) to Post -$0.06 Earnings Per Share
Analysts forecast that Benefitfocus Inc (NASDAQ:BNFT) will announce ($0.06) earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Benefitfocus’ earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.07). Benefitfocus posted earnings of ($0.09) per share in the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The firm is scheduled to announce its next earnings report 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 year, with EPS estimates ranging from ($0.28) to ($0.25). For the next year, analysts forecast 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 EPS calculations are a mean average based on a survey of sell-side research firms that cover Benefitfocus.
A number of research firms have weighed in on BNFT. BidaskClub downgraded Benefitfocus from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 18th. Zacks Investment Research downgraded Benefitfocus from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Piper Jaffray Companies restated a “buy” rating and issued a $34.00 target price on shares of Benefitfocus in a research report on Friday, November 3rd. William Blair downgraded Benefitfocus from an “outperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Finally, Canaccord Genuity restated a “buy” rating and issued a $34.00 target price on shares of Benefitfocus in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $34.38.
Benefitfocus (NASDAQ:BNFT) traded up $0.80 on Thursday, reaching $23.45. The company’s stock had a trading volume of 150,669 shares, compared to its average volume of 160,532. The firm has a market capitalization of $747.43, a P/E ratio of -27.68 and a beta of 0.99. The company has a debt-to-equity ratio of -2.39, a current ratio of 1.08 and a quick ratio of 1.08. Benefitfocus has a 12-month low of $22.30 and a 12-month high of $37.10.
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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