The Advisory Board Company (ABCO) Releases Quarterly Earnings, Beats Expectations By $0.01 EPS
The Advisory Board Company (NASDAQ:ABCO) issued its quarterly earnings data on Thursday. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.01, Analyst Ratings Network reports. The company had revenue of $141.82 million for the quarter, compared to the consensus estimate of $141.95 million. During the same quarter last year, the company posted $0.31 earnings per share. The Advisory Board Company’s revenue was up 15.1% compared to the same quarter last year. The Advisory Board Company updated its FY15 guidance to $1.14-1.25 EPS.
In other The Advisory Board Company news, President David L. Felsenthal sold 4,272 shares of The Advisory Board Company stock on the open market in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $50.07, for a total transaction of $213,899.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on ABCO. Analysts at Zacks upgraded shares of The Advisory Board Company from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 9th. They now have a $52.50 price target on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of The Advisory Board Company in a research note on Friday, May 9th. They now have a $57.00 price target on the stock, down previously from $68.00. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The Advisory Board Company presently has an average rating of “Buy” and an average target price of $66.07.
The Advisory Board Company (NASDAQ:ABCO) traded down 2.18% during mid-day trading on Thursday, hitting $50.14. 304,659 shares of the company’s stock traded hands. The Advisory Board Company has a one year low of $46.58 and a one year high of $70.55. The stock has a 50-day moving average of $51.04 and a 200-day moving average of $57.39. The company has a market cap of $1.835 billion and a P/E ratio of 76.51.
The Advisory Board Companyprovides best practices research and analysis, software tools, and management and advisory services to the health care and education industries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.