Equities research analysts expect Benefitfocus Inc (NASDAQ:BNFT) to post ($0.06) earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Benefitfocus’ earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.07). Benefitfocus reported earnings of ($0.09) per share in the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The business is expected to announce its next quarterly 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 financial year, with EPS estimates ranging from ($0.28) to ($0.25). For the next financial year, analysts expect that the business will report earnings of ($0.01) per share, with EPS estimates ranging from ($0.28) to $0.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Benefitfocus.

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

Several hedge funds have recently added to or reduced their stakes in BNFT. Schwab Charles Investment Management Inc. raised its holdings in shares of Benefitfocus by 12.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 68,598 shares of the software maker’s stock valued at $2,494,000 after acquiring an additional 7,402 shares during the period. Bank of New York Mellon Corp grew its position in Benefitfocus by 33.9% during the second quarter. Bank of New York Mellon Corp now owns 70,045 shares of the software maker’s stock valued at $2,546,000 after purchasing an additional 17,744 shares in the last quarter. Legal & General Group Plc grew its position in Benefitfocus by 13.2% during 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 in the last quarter. Swiss National Bank grew its position in Benefitfocus by 16.4% during the second quarter. Swiss National Bank now owns 25,600 shares of the software maker’s stock valued at $931,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in Benefitfocus by 33.1% during the second quarter. Teachers Advisors LLC now owns 28,676 shares of the software maker’s stock valued at $1,042,000 after purchasing an additional 7,139 shares in the last quarter. Institutional investors and hedge funds own 87.34% of the company’s stock.

Benefitfocus (NASDAQ:BNFT) traded down $0.30 during midday trading on Thursday, hitting $23.80. 133,911 shares of the company were exchanged, compared to its average volume of 157,585. The company has a debt-to-equity ratio of -2.39, a current ratio of 1.08 and a quick ratio of 1.08. Benefitfocus has a twelve month low of $22.30 and a twelve month high of $37.10. The company has a market cap of $761.50, a P/E ratio of -28.33 and a beta of 0.99.

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About Benefitfocus

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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