Brokerages Expect Benefitfocus Inc (BNFT) to Announce $0.10 EPS

Equities research analysts expect that Benefitfocus Inc (NASDAQ:BNFT) will post earnings of $0.10 per share for the current quarter, according to Zacks. Six analysts have issued estimates for Benefitfocus’ earnings. The highest EPS estimate is $0.11 and the lowest is $0.08. Benefitfocus posted earnings of ($0.06) per share during the same quarter last year, which would indicate a positive year over year growth rate of 266.7%. The firm is scheduled to report its next earnings results on Wednesday, March 13th.

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

Benefitfocus (NASDAQ:BNFT) last announced its earnings results on Thursday, November 1st. The software maker reported ($0.23) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.05. The firm had revenue of $61.00 million for the quarter, compared to the consensus estimate of $59.91 million. During the same period in the prior year, the business earned ($0.06) EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year.

Several research analysts recently weighed in on BNFT shares. BidaskClub raised Benefitfocus from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. ValuEngine raised Benefitfocus from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 6th. Wedbush started coverage on Benefitfocus in a research note on Thursday, October 18th. They set an “outperform” rating and a $42.00 target price for the company. Zacks Investment Research raised Benefitfocus from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Wednesday, November 7th. Finally, Raymond James raised their target price on Benefitfocus from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, August 24th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $43.45.

Large investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Benefitfocus by 4.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 115,895 shares of the software maker’s stock valued at $3,895,000 after purchasing an additional 4,406 shares during the period. Voya Investment Management LLC acquired a new position in shares of Benefitfocus in the 2nd quarter valued at $263,000. Millennium Management LLC boosted its position in shares of Benefitfocus by 776.0% in the 2nd quarter. Millennium Management LLC now owns 735,496 shares of the software maker’s stock valued at $24,713,000 after purchasing an additional 651,532 shares during the period. Eaton Vance Management acquired a new position in shares of Benefitfocus in the 3rd quarter valued at $657,000. Finally, Laurion Capital Management LP acquired a new position in shares of Benefitfocus in the 2nd quarter valued at $2,242,000. Institutional investors and hedge funds own 93.71% of the company’s stock.

Shares of BNFT stock opened at $51.30 on Friday. Benefitfocus has a fifty-two week low of $21.75 and a fifty-two week high of $55.44. The stock has a market cap of $1.64 billion, a P/E ratio of -64.94 and a beta of 1.28.

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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