Wall Street analysts expect that Benefitfocus, Inc. (NASDAQ:BNFT) will announce earnings per share (EPS) of ($0.13) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Benefitfocus’ earnings, with estimates ranging from ($0.15) to ($0.08). Benefitfocus reported earnings of ($0.14) per share during the same quarter last year, which indicates a positive year over year growth rate of 7.1%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Benefitfocus will report full year earnings of ($0.30) per share for the current year, with EPS estimates ranging from ($0.37) to ($0.19). For the next year, analysts anticipate that the firm will post earnings of $0.04 per share, with EPS estimates ranging from ($0.13) to $0.32. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Benefitfocus.

Benefitfocus (NASDAQ:BNFT) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.09. The business had revenue of $63.30 million during the quarter, compared to analysts’ expectations of $62.07 million. During the same period in the prior year, the business earned ($0.22) EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis.

Several equities research analysts have recently issued reports on BNFT shares. Canaccord Genuity reissued a “buy” rating and issued a $35.00 price objective on shares of Benefitfocus in a research report on Tuesday, August 1st. William Blair raised shares of Benefitfocus from a “market perform” rating to an “outperform” rating in a research report on Thursday, June 1st. Berenberg Bank reissued a “buy” rating and issued a $36.00 price objective on shares of Benefitfocus in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Benefitfocus from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Wednesday, June 28th. Finally, Chardan Capital lowered shares of Benefitfocus from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $36.00 to $30.00 in a research report on Friday, August 4th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Benefitfocus currently has a consensus rating of “Buy” and an average target price of $39.00.

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Hedge funds have recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of Benefitfocus by 13.2% in the second quarter. Legal & General Group Plc now owns 3,593 shares of the software maker’s stock valued at $130,000 after purchasing an additional 420 shares during the period. Sei Investments Co. purchased a new position in shares of Benefitfocus in the second quarter valued at $133,000. American International Group Inc. boosted its stake in shares of Benefitfocus by 7.1% in the first quarter. American International Group Inc. now owns 7,926 shares of the software maker’s stock valued at $222,000 after purchasing an additional 523 shares during the period. Aperio Group LLC purchased a new position in shares of Benefitfocus in the second quarter valued at $222,000. Finally, ETRADE Capital Management LLC purchased a new position in shares of Benefitfocus in the second quarter valued at $227,000. Institutional investors and hedge funds own 84.63% of the company’s stock.

Shares of Benefitfocus (NASDAQ:BNFT) traded down 1.82% during trading on Friday, reaching $32.35. 453,933 shares of the company’s stock traded hands. The stock has a 50-day moving average of $30.46 and a 200-day moving average of $31.15. Benefitfocus has a 1-year low of $24.55 and a 1-year high of $42.49. The company’s market capitalization is $1.01 billion.

Benefitfocus Company Profile

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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Earnings History and Estimates for Benefitfocus (NASDAQ:BNFT)

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