Benefitfocus (BNFT) Issues Q1 Earnings Guidance

Benefitfocus (NASDAQ:BNFT) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of ($0.42-0.35) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.04). The company issued revenue guidance of $57.5-59.5 million, compared to the consensus revenue estimate of $68.31 million.Benefitfocus also updated its FY18 guidance to ($0.79)-(0.54) EPS.

Benefitfocus (NASDAQ:BNFT) traded up $0.15 during mid-day trading on Wednesday, hitting $24.80. 251,474 shares of the company were exchanged, compared to its average volume of 154,791. 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 12-month low of $22.30 and a 12-month high of $37.10. The stock has a market capitalization of $781.83, a price-to-earnings ratio of -28.75 and a beta of 0.98.

BNFT has been the topic of a number of recent research reports. BidaskClub upgraded shares of Benefitfocus from a strong sell rating to a sell rating in a research note on Thursday, December 7th. Zacks Investment Research upgraded shares of Benefitfocus from a hold rating to a buy rating and set a $30.00 price target on the stock in a research note on Tuesday, January 2nd. Finally, ValuEngine lowered shares of Benefitfocus from a sell rating to a strong sell rating in a research note on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $34.57.

WARNING: “Benefitfocus (BNFT) Issues Q1 Earnings Guidance” was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at

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.

Receive News & Ratings for Benefitfocus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Benefitfocus and related companies with's FREE daily email newsletter.

Leave a Reply