Benefitfocus (NASDAQ:BNFT) issued an update on its FY18 earnings guidance on Wednesday morning. 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.
Shares of Benefitfocus (BNFT) traded up $0.15 during trading on Wednesday, reaching $24.80. 254,613 shares of the company’s stock were exchanged, compared to its average volume of 154,940. The firm has a market capitalization of $781.83, a price-to-earnings 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 has a 1 year low of $22.30 and a 1 year high of $37.10.
A number of brokerages have recently commented on BNFT. ValuEngine lowered shares of Benefitfocus from a sell rating to a strong sell rating in a report on Thursday, March 1st. BidaskClub upgraded shares of Benefitfocus from a strong sell rating to a sell rating in a report on Wednesday, February 21st. Finally, Zacks Investment Research lowered shares of Benefitfocus from a buy rating to a hold rating in a report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $34.57.
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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