Benefitfocus (BNFT) Surges 32% on Earnings

Benefitfocus, Inc. (BNFT) shares are up $7.23, or nearly 32%, to $30.20 in after-hours trading Tuesday after the company reported its fourth quarter earnings results.

The firm reported earnings of ($0.39) per share on revenues of $40.2 million, up 32.7% from a year ago. Analysts were expecting EPS of ($0.62) on revenues of $38.44 million. Full year 2014 revs came in at $137.4 million, an increase of 31% compared to the full year 2013. Adjusted EBITDA was ($43.8) million, compared to ($18.9) million yoy.

For Q1’15, BNFT provided EPS guidance of ($0.53)-($0.51) versus consensus of ($0.55) per share. The company also issued revenue projection of $41-$41.5 million, compared to the consensus revenue estimate of $39.28 million.

On valuation measures, Benefitfocus Inc. shares, which currently have an average 3-month trading volume of 253,903 shares, trade at at P/E to growth ratio of (0.65). The median Wall Street price target on the name is $46.00 with a high target of $62.00. Currently ticker boasts 7 ‘Buy’ endorsements, compared to 1 ’Hold’ and no ‘Sell’.

Profitability-wise, BNFT has a t-12 profit and operating margin of (45.32%) and (42.90%), respectively. The $587.00 million market cap company reported $56.02 million in cash vs. $41.98 million in debt in its most recent quarter.

BNFT currently prints a one year loss of about 65%, and a year-to-date loss of around 31%.

The chart below shows where the equity has traded over the last 52 weeks.

Benefitfocus Inc. provides cloud-based benefits software solutions in the U.S. The company was founded in 2000 and is headquartered in Charleston, South Carolina.

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