Corporate Executive Board Co. (CEB) Updates FY14 Earnings Guidance
Corporate Executive Board Co. (NYSE:CEB) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.15-3.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.24, AnalystRatingsNetwork.com reports. The company issued revenue guidance of $910-935 million, compared to the consensus revenue estimate of $917.87 million.
Corporate Executive Board Co. (NYSE:CEB) traded down 0.61% on Tuesday, hitting $63.51. 260,679 shares of the company’s stock traded hands. Corporate Executive Board Co. has a one year low of $61.75 and a one year high of $81.00. The stock’s 50-day moving average is $67.50 and its 200-day moving average is $70.9. The company has a market cap of $2.147 billion and a P/E ratio of 76.90.
Corporate Executive Board (NYSE:CEB) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.71 by $0.04. The company had revenue of $230.40 million for the quarter, compared to the consensus estimate of $229.40 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, analysts predict that Corporate Executive Board Co. will post $3.24 earnings per share for the current fiscal year.
A number of research firms have recently commented on CEB. Analysts at Barclays cut their price target on shares of Corporate Executive Board from $85.00 to $80.00 in a research note on Thursday, June 19th. They now have an overweight rating on the stock. Analysts at RBC Capital cut their price target on shares of Corporate Executive Board from $93.00 to $88.00 in a research note on Wednesday, April 30th. They now have an outperform rating on the stock.
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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