$0.10 EPS Expected for Benefitfocus Inc (BNFT) This Quarter

Wall Street brokerages expect Benefitfocus Inc (NASDAQ:BNFT) to post earnings per share (EPS) of $0.10 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Benefitfocus’ earnings. The lowest EPS estimate is $0.08 and the highest is $0.11. Benefitfocus reported earnings per share of ($0.06) in the same quarter last year, which would suggest a positive year-over-year growth rate of 266.7%. The firm is expected to issue its next earnings report on Wednesday, March 13th.

On average, analysts expect that Benefitfocus will report full-year earnings of ($0.62) per share for the current financial year, with EPS estimates ranging from ($0.64) to ($0.61). For the next year, analysts forecast that the company will post earnings of ($0.17) per share, with EPS estimates ranging from ($0.27) to ($0.08). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Benefitfocus.

Benefitfocus (NASDAQ:BNFT) last released its quarterly earnings data on Thursday, November 1st. The software maker reported ($0.23) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.05. The firm had revenue of $61.00 million during the quarter, compared to analyst estimates of $59.91 million. During the same period last year, the business earned ($0.06) EPS. The firm’s revenue was up 8.4% on a year-over-year basis.

Several equities analysts have commented on BNFT shares. Wedbush raised their target price on shares of Benefitfocus from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, November 2nd. Zacks Investment Research cut shares of Benefitfocus from a “buy” rating to a “hold” rating in a research note on Thursday. Piper Jaffray Companies reissued a “positive” rating and set a $61.00 target price on shares of Benefitfocus in a research note on Tuesday, December 11th. Raymond James raised their target price on shares of Benefitfocus from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 30th. Finally, Jefferies Financial Group raised their target price on shares of Benefitfocus to $48.00 and gave the company a “buy” rating in a research note on Friday, November 2nd. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Benefitfocus currently has a consensus rating of “Buy” and a consensus target price of $49.27.

Shares of BNFT stock traded up $0.08 during trading hours on Tuesday, reaching $49.96. The stock had a trading volume of 1,427 shares, compared to its average volume of 437,981. Benefitfocus has a twelve month low of $21.75 and a twelve month high of $55.44. The stock has a market cap of $1.56 billion, a PE ratio of -63.43 and a beta of 1.19.

Several large investors have recently bought and sold shares of the company. Legal & General Group Plc boosted its holdings in shares of Benefitfocus by 84.9% in the third quarter. Legal & General Group Plc now owns 5,861 shares of the software maker’s stock worth $238,000 after buying an additional 2,691 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in shares of Benefitfocus by 32.9% in the third quarter. TIAA CREF Investment Management LLC now owns 113,403 shares of the software maker’s stock worth $4,587,000 after buying an additional 28,092 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Benefitfocus by 28.8% during the third quarter. Teachers Advisors LLC now owns 85,794 shares of the software maker’s stock worth $3,470,000 after purchasing an additional 19,179 shares during the period. MetLife Investment Advisors LLC boosted its holdings in shares of Benefitfocus by 55.1% during the third quarter. MetLife Investment Advisors LLC now owns 14,525 shares of the software maker’s stock worth $588,000 after purchasing an additional 5,163 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Benefitfocus during the third quarter worth approximately $6,703,000. Institutional investors own 93.71% of the company’s stock.

About Benefitfocus

Benefitfocus, Inc provides cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers in the United States. It operates through Employer and Carrier segments. The company's products for insurance carriers include Marketplaces, which are online shopping environments; eEnrollment that provides online enrollment for benefits; eBilling, an electronic invoice presentment and payment solution; eExchange, a solution for communication; eSales for carriers and brokers to organize and manage accounts, track leads, generate quotes, and create proposals for products; and Core & Advanced Analytics, a data analytics solution.

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