EPS for Fred’s, Inc. (FRED) Expected At $-0.14; Benefitfocusinc (BNFT) Has 1.69 Sentiment

November 15, 2017 - By Marguerite Chambers

Analysts expect Fred’s, Inc. (NASDAQ:FRED) to report $-0.14 EPS on December, 14.They anticipate $0.13 EPS change or 48.15% from last quarter’s $-0.27 EPS. After having $-0.15 EPS previously, Fred’s, Inc.’s analysts see -6.67% EPS growth. It closed at $5.08 lastly. It is down 3.21% since November 15, 2016 and is uptrending. It has underperformed by 13.49% the S&P500.

Benefitfocus, Inc. is a well-known provider of cloud benefits management platform for consumers, employers, insurance carriers and brokers. The company has market cap of $795.09 million. The Benefitfocus Platform allows how organizations and individuals shop for, enroll in, manage and exchange benefits. It currently has negative earnings. The Firm operates through two business divisions: Employer, which derives its revenue from clients 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.

Bamco Inc Ny holds 0.79% of its portfolio in Benefitfocus Inc for 4.25 million shares. Capital Impact Advisors Llc owns 43,284 shares or 0.72% of their US portfolio. Moreover, Hamilton Lane Advisors Llc has 0.71% invested in the company for 35,899 shares. The New York-based Diker Management Llc has invested 0.49% in the stock. Morgens Waterfall Vintiadis & Co Inc, a New York-based fund reported 14,000 shares.

Ratings analysis reveals 100% of Benefitfocus’s analysts are positive. Out of 3 Wall Street analysts rating Benefitfocus, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $36.0 while the high is $36.0. The stock’s average target of $36 is 41.18% above today’s ($25.5) share price. BNFT was included in 3 notes of analysts from November 4, 2016. The firm earned “Buy” rating on Tuesday, February 7 by Berenberg. The stock of Benefitfocus Inc (NASDAQ:BNFT) earned “Buy” rating by Chardan Capital Markets on Friday, January 6. The company was downgraded on Friday, November 4 by Raymond James.

Analysts await Benefitfocus Inc (NASDAQ:BNFT) to report earnings on February, 22. They expect $-0.21 earnings per share, up 12.50% or $0.03 from last year’s $-0.24 per share. After $-0.20 actual earnings per share reported by Benefitfocus Inc for the previous quarter, Wall Street now forecasts 5.00% negative EPS growth.

It closed at $25.5 lastly. It is down 9.60% since November 15, 2016 and is downtrending. It has underperformed by 26.30% the S&P500.

Among 6 analysts covering Fred’s (NASDAQ:FRED), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. Fred’s had 16 analyst reports since August 7, 2015 according to SRatingsIntel. Deutsche Bank maintained Fred’s, Inc. (NASDAQ:FRED) rating on Thursday, June 29. Deutsche Bank has “Hold” rating and $8 target. The company was downgraded on Friday, August 7 by Stephens. M Partners maintained Fred’s, Inc. (NASDAQ:FRED) on Wednesday, November 25 with “Neutral” rating. The stock of Fred’s, Inc. (NASDAQ:FRED) has “Underperform” rating given on Wednesday, August 31 by Stephens. The stock of Fred’s, Inc. (NASDAQ:FRED) has “Buy” rating given on Friday, October 7 by Sidoti. Deutsche Bank maintained Fred’s, Inc. (NASDAQ:FRED) rating on Wednesday, August 31. Deutsche Bank has “Sell” rating and $10 target. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, May 31 report. The rating was maintained by SunTrust with “Hold” on Monday, October 16. As per Tuesday, February 7, the company rating was upgraded by Sidoti. M Partners maintained the stock with “Neutral” rating in Monday, August 31 report.

Investors sentiment decreased to 0.96 in 2017 Q2. Its down 0.67, from 1.63 in 2017Q1. It worsened, as 27 investors sold Fred’s, Inc. shares while 29 reduced holdings. 14 funds opened positions while 40 raised stakes. 37.37 million shares or 2.04% less from 38.15 million shares in 2017Q1 were reported. 492 are owned by Zurcher Kantonalbank (Zurich Cantonalbank). Texas Permanent School Fund owns 0% invested in Fred’s, Inc. (NASDAQ:FRED) for 26,114 shares. 451,156 were reported by Goldman Sachs Gru. Ameriprise Financial Inc accumulated 0% or 194,364 shares. State Of Wisconsin Inv Board stated it has 0.01% of its portfolio in Fred’s, Inc. (NASDAQ:FRED). Royal Bankshares Of Canada accumulated 9,370 shares. Smithfield Trust invested in 960 shares or 0% of the stock. Prudential Fin owns 59,050 shares for 0% of their portfolio. State Board Of Administration Of Florida Retirement Sys, Florida-based fund reported 38,465 shares. Barclays Public Limited Liability Company accumulated 52,991 shares or 0% of the stock. California State Teachers Retirement Systems reported 0% in Fred’s, Inc. (NASDAQ:FRED). 85,806 are owned by New York State Teachers Retirement Sys. Guggenheim stated it has 0% in Fred’s, Inc. (NASDAQ:FRED). Financial Bank Of Mellon accumulated 0% or 550,478 shares. Nationwide Fund Advsr holds 0% of its portfolio in Fred’s, Inc. (NASDAQ:FRED) for 29,182 shares.

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