Benefitfocus (NASDAQ:BNFT) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of ($0.79)-(0.54) for the period, compared to the Thomson Reuters consensus estimate of $0.03. The company issued revenue guidance of $250-258 million, compared to the consensus revenue estimate of $281.81 million.Benefitfocus also updated its Q1 guidance to ($0.42-0.35) EPS.
A number of equities analysts have recently commented on BNFT shares. Zacks Investment Research upgraded shares of Benefitfocus from a hold rating to a buy rating and set a $30.00 target price for the company in a research note on Tuesday, January 2nd. BidaskClub upgraded shares of Benefitfocus from a strong sell rating to a sell rating in a research note on Thursday, December 7th. Finally, ValuEngine downgraded shares of Benefitfocus from a sell rating to a strong sell rating in a research note on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $34.57.
Shares of Benefitfocus (BNFT) traded up $0.15 on Wednesday, hitting $24.80. 254,613 shares of the stock traded hands, compared to its average volume of 154,940. Benefitfocus has a 12 month low of $22.30 and a 12 month high of $37.10. The company has a market capitalization of $781.83, a PE ratio of -28.75 and a beta of 0.98. 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, 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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