Analysts forecast that Benefitfocus Inc (NASDAQ:BNFT) will post earnings of ($0.27) per share for the current quarter, according to Zacks. Five analysts have made estimates for Benefitfocus’ earnings, with estimates ranging from ($0.31) to ($0.13). Benefitfocus posted earnings per share of ($0.06) during the same quarter last year, which would indicate a negative year over year growth rate of 350%. The company is expected to report its next quarterly earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Benefitfocus will report full year earnings of ($0.63) per share for the current fiscal year, with EPS estimates ranging from ($0.67) to ($0.59). For the next fiscal year, analysts expect that the firm will post earnings of ($0.27) per share, with EPS estimates ranging from ($0.38) to ($0.21). Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Benefitfocus.

Benefitfocus (NASDAQ:BNFT) last issued its earnings results on Thursday, August 2nd. The software maker reported ($0.24) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.16. The business had revenue of $60.60 million during the quarter, compared to the consensus estimate of $56.93 million. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) earnings per share.

A number of equities research analysts have weighed in on BNFT shares. Raymond James lifted their target price on Benefitfocus from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. BidaskClub downgraded Benefitfocus from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 18th. Guggenheim started coverage on Benefitfocus in a report on Monday, August 20th. They issued a “buy” rating and a $45.00 target price for the company. Chardan Capital lifted their target price on Benefitfocus from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, August 3rd. Finally, Piper Jaffray Companies raised their price objective on Benefitfocus to $40.00 and gave the company an “overweight” rating in a research note on Friday, June 29th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $37.90.

BNFT stock traded up $0.76 during mid-day trading on Friday, reaching $38.53. The company’s stock had a trading volume of 295,887 shares, compared to its average volume of 226,437. The company has a market cap of $1.29 billion, a P/E ratio of -48.77 and a beta of 1.08. The company has a debt-to-equity ratio of -3.49, a quick ratio of 0.98 and a current ratio of 0.98. Benefitfocus has a 12 month low of $21.75 and a 12 month high of $44.70.

In other Benefitfocus news, Director Francis J. Pelzer sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $42.02, for a total value of $210,100.00. Following the completion of the sale, the director now owns 19,275 shares of the company’s stock, valued at $809,935.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Francis J. Pelzer sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $40.00, for a total value of $30,000.00. Following the completion of the sale, the director now directly owns 24,275 shares of the company’s stock, valued at approximately $971,000. The disclosure for this sale can be found here. Insiders sold 10,045 shares of company stock valued at $399,056 in the last three months. Insiders own 29.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. FMR LLC grew its stake in Benefitfocus by 8.3% in the second quarter. FMR LLC now owns 4,395,000 shares of the software maker’s stock valued at $147,672,000 after acquiring an additional 336,048 shares during the period. BlackRock Inc. boosted its position in shares of Benefitfocus by 25.8% during the second quarter. BlackRock Inc. now owns 1,344,893 shares of the software maker’s stock valued at $45,189,000 after buying an additional 275,749 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Benefitfocus by 16.4% during the second quarter. Artisan Partners Limited Partnership now owns 1,186,444 shares of the software maker’s stock valued at $39,865,000 after buying an additional 167,263 shares during the last quarter. Millennium Management LLC boosted its position in shares of Benefitfocus by 776.0% during the second quarter. Millennium Management LLC now owns 735,496 shares of the software maker’s stock valued at $24,713,000 after buying an additional 651,532 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its position in shares of Benefitfocus by 88.3% during the second quarter. Baillie Gifford & Co. now owns 696,164 shares of the software maker’s stock valued at $23,391,000 after buying an additional 326,460 shares during the last quarter. 93.58% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Benefitfocus (NASDAQ:BNFT)

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