Analysts predict that Benefitfocus Inc (NASDAQ:BNFT) will post earnings of ($0.06) per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Benefitfocus’ earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.07). Benefitfocus posted earnings per share of ($0.09) during the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The company is expected to announce its next earnings results on Thursday, February 22nd.

On average, analysts expect that Benefitfocus will report full year earnings of ($0.27) per share for the current fiscal year, with EPS estimates ranging from ($0.28) to ($0.25). For the next financial year, analysts anticipate that the firm will post earnings of ($0.01) per share, with EPS estimates ranging from ($0.28) to $0.20. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Benefitfocus.

Benefitfocus (NASDAQ:BNFT) last issued its earnings results on Thursday, November 2nd. The software maker reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.08. The company had revenue of $62.45 million for the quarter, compared to the consensus estimate of $62.19 million. During the same quarter in the prior year, the company posted ($0.14) EPS. Benefitfocus’s revenue was up 7.6% compared to the same quarter last year.

Several equities analysts have commented on BNFT shares. Piper Jaffray Companies reiterated a “buy” rating and set a $34.00 price objective on shares of Benefitfocus in a research report on Friday, November 3rd. Canaccord Genuity reiterated a “buy” rating and set a $34.00 price objective on shares of Benefitfocus in a research report on Monday, October 30th. BidaskClub upgraded shares of Benefitfocus from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 7th. Zacks Investment Research lowered shares of Benefitfocus from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Finally, William Blair lowered shares of Benefitfocus from an “outperform” rating to a “market perform” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $34.38.

Benefitfocus (NASDAQ:BNFT) opened at $25.20 on Monday. Benefitfocus has a 12-month low of $22.30 and a 12-month high of $37.10. The company has a debt-to-equity ratio of -2.39, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $800.59, a price-to-earnings ratio of -30.00 and a beta of 1.12.

In other news, CEO Shawn A. Jenkins bought 37,000 shares of the stock in a transaction dated Monday, November 6th. The stock was purchased at an average price of $25.27 per share, for a total transaction of $934,990.00. Following the acquisition, the chief executive officer now owns 2,782,683 shares of the company’s stock, valued at $70,318,399.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 40.10% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Peregrine Capital Management LLC lifted its holdings in shares of Benefitfocus by 0.6% in the 4th quarter. Peregrine Capital Management LLC now owns 644,503 shares of the software maker’s stock worth $17,402,000 after acquiring an additional 4,033 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Benefitfocus by 37.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,752,918 shares of the software maker’s stock worth $47,329,000 after acquiring an additional 473,522 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Benefitfocus by 37.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 104,121 shares of the software maker’s stock worth $2,812,000 after acquiring an additional 28,276 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Benefitfocus by 12.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 125,400 shares of the software maker’s stock worth $4,220,000 after acquiring an additional 13,900 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Benefitfocus by 100.0% in the 3rd quarter. Royce & Associates LP now owns 100,000 shares of the software maker’s stock worth $3,365,000 after acquiring an additional 50,000 shares during the last quarter. Hedge funds and other institutional investors own 85.72% of the company’s stock.

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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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