Corporate Executive Board (CEB) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Corporate Executive Board (NYSE:CEB) announced its earnings results on Monday. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.70 by $0.03, Analyst Ratings Network reports. The company had revenue of $204.60 million for the quarter, compared to the consensus estimate of $201.91 million. The company’s quarterly revenue was up 50.8% on a year-over-year basis. Corporate Executive Board updated its FY13 guidance to $2.85-3.15 EPS.
CEB has been the subject of a number of recent research reports. Analysts at Barclays Capital raised their price target on shares of Corporate Executive Board from $67.00 to $69.00 in a research note to investors on Monday, May 20th. They now have an “overweight” rating on the stock. On a related note, analysts at Stifel Nicolaus raised their price target on shares of Corporate Executive Board from $63.00 to $68.00 in a research note to investors on Monday, May 6th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Corporate Executive Board from $53.00 to $60.00 in a research note to investors on Friday, May 3rd. They now have a “hold” rating on the stock.
Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $62.80.
Corporate Executive Board (NYSE:CEB) traded down 0.73% on Tuesday, hitting $66.54. Corporate Executive Board has a 1-year low of $37.20 and a 1-year high of $68.15. The stock’s 50-day moving average is currently $64.09. The company has a market cap of $2.236 billion and a price-to-earnings ratio of 69.03.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.23 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.34%.
Corporate Executive Board Company (NYSE:CEB) is an advisory company that equips senior executives and their teams with actionable solutions to drive corporate performance.
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