The Advisory Board Company (ABCO) Releases FY17 Earnings Guidance
The Advisory Board Company (NASDAQ:ABCO) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.80 – $2.10 for the period, compared to the Thomson Reuters consensus estimate of $1.97. The company issued revenue guidance of $780 million – $840 million, compared to the consensus revenue estimate of $808.04 million.
The Advisory Board Company (NASDAQ:ABCO) traded down 2.53% during mid-day trading on Tuesday, reaching $52.05. The company’s stock had a trading volume of 805,399 shares. The Advisory Board Company has a 12-month low of $24.85 and a 12-month high of $59.50. The firm’s 50 day moving average is $54.17 and its 200-day moving average is $49.23. The company has a market cap of $2.11 billion, a PE ratio of 21.09 and a beta of 1.33.
Several equities research analysts recently commented on ABCO shares. Zacks Investment Research raised The Advisory Board from a hold rating to a buy rating and set a $58.00 price target for the company in a report on Tuesday, July 4th. TheStreet cut The Advisory Board from a b- rating to a c rating in a report on Friday, May 5th. Stifel Nicolaus reaffirmed a hold rating and issued a $53.00 price target (up previously from $48.00) on shares of The Advisory Board in a report on Thursday, July 6th. Robert W. Baird reaffirmed an outperform rating and issued a $65.00 price target (up previously from $57.00) on shares of The Advisory Board in a report on Sunday, July 9th. Finally, Credit Suisse Group increased their price target on The Advisory Board from $54.00 to $55.00 and gave the company an outperform rating in a report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $50.33.
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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