Benefitfocus Inc (NASDAQ:BNFT) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of ($0.08-0.05) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.01). The company issued revenue guidance of $66-67 million, compared to the consensus revenue estimate of $66.93 million.
Several research firms recently weighed in on BNFT. Berenberg Bank restated a buy rating and set a $36.00 price target on shares of Benefitfocus in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of Benefitfocus from a hold rating to a buy rating and set a $31.00 price target on the stock in a report on Tuesday, August 8th. Piper Jaffray Companies reaffirmed a buy rating and issued a $43.00 price objective on shares of Benefitfocus in a research report on Friday, August 4th. Chardan Capital lowered shares of Benefitfocus from a buy rating to a neutral rating and lowered their price objective for the stock from $36.00 to $30.00 in a research report on Friday, August 4th. Finally, William Blair lowered shares of Benefitfocus from an outperform rating to a market perform rating in a research report on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $38.67.
Shares of Benefitfocus Inc (NASDAQ:BNFT) traded down $1.07 during mid-day trading on Friday, reaching $25.23. 663,217 shares of the company’s stock traded hands, compared to its average volume of 181,400. The company has a debt-to-equity ratio of -2.53, a quick ratio of 1.12 and a current ratio of 1.12. Benefitfocus Inc has a twelve month low of $22.30 and a twelve month high of $37.10.
Benefitfocus (NASDAQ:BNFT) last posted its earnings results on Thursday, November 2nd. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.08. The firm had revenue of $62.45 million during the quarter, compared to the consensus estimate of $62.19 million. During the same quarter last year, the firm posted ($0.14) EPS. The business’s revenue was up 7.6% on a year-over-year basis. research analysts predict that Benefitfocus Inc will post -0.88 earnings per share for the current year.
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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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