Equities analysts expect Benefitfocus Inc (NASDAQ:BNFT) to report ($0.05) earnings per share for the current quarter, according to Zacks. Five analysts have provided estimates for Benefitfocus’ earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.06). Benefitfocus posted earnings of ($0.09) per share during the same quarter last year, which suggests a positive year over year growth rate of 44.4%. The company is scheduled to report 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. For the next fiscal year, analysts anticipate that the company will post earnings of ($0.22) per share, with EPS estimates ranging from ($0.28) to ($0.16). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Benefitfocus.
Several analysts recently weighed in on BNFT shares. BidaskClub upgraded shares of Benefitfocus from a “strong sell” rating to a “sell” rating in a report on Thursday, December 7th. Zacks Investment Research downgraded shares of Benefitfocus from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, ValuEngine downgraded shares of Benefitfocus from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $34.57.
Several large investors have recently bought and sold shares of BNFT. MetLife Investment Advisors LLC acquired a new position in shares of Benefitfocus in the fourth quarter worth $173,000. Sei Investments Co. grew its stake in shares of Benefitfocus by 65.1% in the third quarter. Sei Investments Co. now owns 6,025 shares of the software maker’s stock worth $203,000 after acquiring an additional 2,375 shares in the last quarter. Aperio Group LLC acquired a new position in shares of Benefitfocus in the fourth quarter worth $239,000. Voya Investment Management LLC acquired a new position in shares of Benefitfocus in the second quarter worth $245,000. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of Benefitfocus in the second quarter worth $288,000. Institutional investors and hedge funds own 88.76% of the company’s stock.
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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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