The Advisory Board Company (NASDAQ:ABCO) – Research analysts at First Analysis issued their Q2 2018 earnings per share estimates for The Advisory Board in a research note issued on Friday. First Analysis analyst anticipates that the business services provider will post earnings per share of $0.42 for the quarter.

Several other analysts have also recently weighed in on the stock. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $56.00 price objective (up previously from $53.00) on shares of The Advisory Board in a research note on Thursday. Piper Jaffray Companies set a $51.00 price objective on shares of The Advisory Board and gave the stock a “hold” rating in a research note on Thursday. BidaskClub cut shares of The Advisory Board from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research cut shares of The Advisory Board from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Robert W. Baird restated an “outperform” rating and issued a $65.00 target price (up from $57.00) on shares of The Advisory Board in a research report on Sunday, July 9th. Two 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 company has an average rating of “Hold” and an average target price of $51.42.

COPYRIGHT VIOLATION NOTICE: “First Analysis Comments on The Advisory Board Company’s Q2 2018 Earnings (NASDAQ:ABCO)” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/14/first-analysis-comments-on-the-advisory-board-companys-q2-2018-earnings-nasdaqabco.html.

The Advisory Board (NASDAQ ABCO) opened at 52.05 on Monday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 19.77 and a beta of 1.33. The company has a 50-day moving average of $54.54 and a 200 day moving average of $49.71. The Advisory Board has a 52-week low of $24.85 and a 52-week high of $59.50.

The Advisory Board (NASDAQ:ABCO) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.08. The Advisory Board had a return on equity of 12.69% and a net margin of 13.65%. The business had revenue of $200.30 million during the quarter, compared to analyst estimates of $196.16 million. During the same period last year, the company earned $0.46 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis.

A number of institutional investors have recently added to or reduced their stakes in ABCO. Legal & General Group Plc boosted its position in The Advisory Board by 0.3% in the second quarter. Legal & General Group Plc now owns 15,102 shares of the business services provider’s stock worth $776,000 after buying an additional 49 shares in the last quarter. Atria Investments LLC boosted its position in The Advisory Board by 1.9% in the second quarter. Atria Investments LLC now owns 6,158 shares of the business services provider’s stock worth $317,000 after buying an additional 113 shares in the last quarter. Amalgamated Bank boosted its position in The Advisory Board by 3.5% in the second quarter. Amalgamated Bank now owns 5,198 shares of the business services provider’s stock worth $268,000 after buying an additional 178 shares in the last quarter. OxFORD Asset Management LLP boosted its position in The Advisory Board by 0.4% in the second quarter. OxFORD Asset Management LLP now owns 55,035 shares of the business services provider’s stock worth $2,834,000 after buying an additional 233 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in The Advisory Board by 17.5% in the second quarter. Victory Capital Management Inc. now owns 2,749 shares of the business services provider’s stock worth $142,000 after buying an additional 410 shares in the last quarter.

The Advisory Board Company Profile

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.

Receive News & Ratings for The Advisory Board Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Advisory Board Company and related companies with MarketBeat.com's FREE daily email newsletter.