Wall Street analysts expect Benefitfocus, Inc. (NASDAQ:BNFT) to announce ($0.13) earnings per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Benefitfocus’ earnings, with the lowest EPS estimate coming in at ($0.17) and the highest estimate coming in at ($0.09). Benefitfocus reported earnings per share of ($0.26) during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The company is scheduled to report its next earnings report after the market closes on Tuesday, August 3rd.
According to Zacks, analysts expect that Benefitfocus will report full year earnings of ($0.21) per share for the current year, with EPS estimates ranging from ($0.30) to ($0.15). For the next financial year, analysts expect that the firm will report earnings of ($0.11) per share, with EPS estimates ranging from ($0.30) to ($0.03). Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Benefitfocus.
Benefitfocus (NASDAQ:BNFT) last announced its quarterly earnings results on Monday, May 3rd. The software maker reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.12. The company had revenue of $65.06 million during the quarter, compared to analysts’ expectations of $60.10 million. During the same quarter last year, the firm posted ($0.21) earnings per share. Benefitfocus’s revenue for the quarter was down 1.6% compared to the same quarter last year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Paloma Partners Management Co bought a new position in Benefitfocus during the 1st quarter valued at approximately $155,000. Arrowstreet Capital Limited Partnership bought a new position in Benefitfocus during the 1st quarter valued at approximately $190,000. Needham Investment Management LLC bought a new position in Benefitfocus during the 4th quarter valued at approximately $217,000. Monticello Wealth Management LLC bought a new position in Benefitfocus during the 1st quarter valued at approximately $221,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Benefitfocus by 15.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 16,315 shares of the software maker’s stock worth $225,000 after acquiring an additional 2,229 shares during the period. 80.08% of the stock is owned by institutional investors.
Benefitfocus stock traded down $0.09 during midday trading on Friday, hitting $13.23. 182 shares of the company’s stock were exchanged, compared to its average volume of 325,807. Benefitfocus has a 52-week low of $9.36 and a 52-week high of $17.58. The stock’s 50-day moving average price is $13.93. The firm has a market capitalization of $438.97 million, a P/E ratio of -20.81 and a beta of 1.76.
Benefitfocus, Inc provides cloud-based benefits management technology solutions for employers and health plans in the United States. Its products for employers comprise Benefitplace, a cloud-based benefits management portal that streamlines online enrollment, employee communication, and benefit administration; Health Insights, a data analytics solution; ACA Management and Reporting, a solution for employers to manage ACA compliance; Billing & Payments, an application that synchronizes enrollment and billing information to streamline the monthly billing process, automate adjustments, and enhance accuracy of payments; and COBRA Administration, a solution that simplifies management of Consolidated Omnibus Budget Reconciliation Act, benefits.
Featured Story: What is Liquidity?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Benefitfocus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Benefitfocus and related companies with MarketBeat.com's FREE daily email newsletter.