Benefitfocus Inc (BNFT) Releases Earnings Results, Beats Expectations By $0.12 EPS

Benefitfocus Inc (BNFT) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $-0.29 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $-0.41. The company posted revenue of $54.79 million in the period, compared to analysts expectations of $54.39 million. The company’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.48 EPS.

Many Wall Street Analysts have commented on Benefitfocus Inc. Company shares were Reiterated by Canaccord Genuity on Mar 10, 2016 to “Buy”, Firm has raised the Price Target to $ 36 from a previous price target of $35 .Shares were Reiterated by RBC Capital Mkts on Mar 9, 2016 to “Sector Perform” and Lowered the Price Target to $ 34 from a previous price target of $36 .

Benefitfocus Inc opened for trading at $38 and hit $38.05 on the upside on Monday, eventually ending the session at $37.92, with a gain of 0.05% or 0.02 points. The heightened volatility saw the trading volume jump to 1,60,287 shares. Company has a market cap of $1,108 M.

In a different news, on Apr 5, 2016, Shawn A Jenkins (CEO) sold 7,722 shares at $32.38 per share price. According to the SEC, on Apr 5, 2016, Raymond Alexander August (President and COO) sold 2,314 shares at $32.38 per share price. On Dec 2, 2015, Stephen M Swad (director) purchased 2,500 shares at $39.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Benefitfocus Inc. (Benefitfocus) is a provider of cloud-based benefits software solutions for consumers employers insurance carriers and brokers. The Benefitfocus platform provides solutions that enable the Company’s employer and insurance carrier customers to shop enroll manage and exchange benefits information. The Company operates through two business segments: Employer and Carrier. The Company offers a range of products and services for employers and insurance carriers. For employers the Company offers Benefitfocus Marketplace Data Cloud and Benefit Analytics Implementation Services Benefitfocus Service Center Media and Animation Services App Development Platform Software-Enabled Services and Benefitstore. For insurance carriers the Company offers eEnrollment eBilling eExchange eSales Marketplaces Data Cloud and Benefit Analytics Implementation Services Media and Animation Services App Development Platform Software-Enabled Services and BenefitStore.

Benefitfocus Inc

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