The Advisory Board Company (NASDAQ:ABCO) to Release Quarterly Earnings on Tuesday
The Advisory Board Company (NASDAQ:ABCO) is scheduled to be releasing its earnings data after the market closes on Tuesday, July 25th. Analysts expect The Advisory Board to post earnings of $0.44 per share for the quarter. The Advisory Board has set its FY17 guidance at $1.80-$2.10 EPS.
The Advisory Board (NASDAQ:ABCO) last announced its quarterly earnings data on Thursday, May 4th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. The business had revenue of $194.50 million for the quarter, compared to analysts’ expectations of $188.43 million. The Advisory Board had a return on equity of 14.48% and a net margin of 12.78%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. On average, analysts expect The Advisory Board to post $1.56 EPS for the current fiscal year and $1.67 EPS for the next fiscal year.
Shares of The Advisory Board Company (ABCO) opened at 56.90 on Tuesday. The firm has a market capitalization of $2.31 billion, a PE ratio of 23.06 and a beta of 1.31. The Advisory Board Company has a 52 week low of $24.85 and a 52 week high of $59.50. The stock has a 50 day moving average price of $51.39 and a 200 day moving average price of $45.66.
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A number of analysts recently weighed in on ABCO shares. Zacks Investment Research raised shares of The Advisory Board from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Tuesday, July 4th. Credit Suisse Group upped their price target on shares of The Advisory Board from $54.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Stifel Nicolaus reaffirmed a “hold” rating and set a $53.00 price target (up from $48.00) on shares of The Advisory Board in a research report on Thursday, July 6th. TheStreet cut shares of The Advisory Board from a “b-” rating to a “c” rating in a research report on Friday, May 5th. Finally, Robert W. Baird upgraded shares of The Advisory Board from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $50.00 to $53.00 in a report on Monday, March 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $49.31.
In related news, insider Cormac F. Miller sold 750 shares of the stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $47.37, for a total transaction of $35,527.50. Following the sale, the insider now owns 21,360 shares in the company, valued at $1,011,823.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.70% of the stock is owned by corporate insiders.
About The Advisory Board
The Advisory Board Company is a provider of software and solutions to the healthcare and higher education industries. The Company offers subscription-based membership programs, software and data-enabled services. All of its programs are rooted in best practices and extends across four areas, including Best practices research, Technology, Data-enabled services and Consulting services.
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