Benefitfocus (NASDAQ:BNFT) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of ($0.42-0.35) for the period, compared to the Thomson Reuters consensus 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.
A number of analysts have recently issued reports on the stock. ValuEngine downgraded shares of Benefitfocus from a sell rating to a strong sell rating in a report on Thursday, March 1st. Zacks Investment Research cut shares of Benefitfocus from a buy rating to a hold rating in a research report on Wednesday, January 3rd. Finally, BidaskClub raised shares of Benefitfocus from a strong sell rating to a sell rating in a research report on Wednesday, February 21st. 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 company. Benefitfocus currently has an average rating of Hold and an average target price of $34.57.
Benefitfocus (BNFT) traded up $0.15 during trading hours on Wednesday, hitting $24.80. 254,586 shares of the company were exchanged, compared to its average volume of 154,919. The company has a debt-to-equity ratio of -2.39, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $781.83, a PE ratio of -28.75 and a beta of 0.98. Benefitfocus has a 1 year low of $22.30 and a 1 year high of $37.10.
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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