Wall Street brokerages expect that The Advisory Board Company (NASDAQ:ABCO) will post sales of $202.29 million for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for The Advisory Board’s earnings, with estimates ranging from $194.00 million to $210.70 million. The Advisory Board posted sales of $200.46 million in the same quarter last year, which would indicate a positive year over year growth rate of 0.9%. The company is expected to announce its next earnings results on Tuesday, November 7th.

On average, analysts expect that The Advisory Board will report full-year sales of $202.29 million for the current financial year, with estimates ranging from $792.87 million to $819.50 million. For the next year, analysts anticipate that the company will report sales of $845.76 million per share, with estimates ranging from $821.50 million to $862.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for The Advisory Board.

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

A number of research analysts have issued reports on the company. Robert W. Baird reissued an “outperform” rating and issued a $65.00 price target (up from $57.00) on shares of The Advisory Board in a report on Sunday, July 9th. Zacks Investment Research downgraded The Advisory Board from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 25th. BidaskClub downgraded The Advisory Board from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Stifel Nicolaus reissued a “hold” rating and issued a $53.00 price target (up from $48.00) on shares of The Advisory Board in a report on Thursday, July 6th. Finally, KeyCorp reissued a “hold” rating on shares of The Advisory Board in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $51.77.

Several institutional investors have recently bought and sold shares of ABCO. Victory Capital Management Inc. purchased a new stake in shares of The Advisory Board in the first quarter valued at approximately $109,000. Rockefeller Financial Services Inc. purchased a new stake in shares of The Advisory Board during the second quarter worth approximately $137,000. Asset Management One Co. Ltd. purchased a new stake in shares of The Advisory Board during the first quarter worth approximately $159,000. Ameritas Investment Partners Inc. purchased a new stake in shares of The Advisory Board during the first quarter worth approximately $166,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of The Advisory Board during the second quarter worth approximately $204,000.

The Advisory Board (NASDAQ:ABCO) traded down 0.19% on Friday, hitting $53.50. 757,445 shares of the company were exchanged. The stock has a market capitalization of $2.18 billion, a P/E ratio of 20.32 and a beta of 1.35. The company has a 50 day moving average price of $52.85 and a 200-day moving average price of $50.77. The Advisory Board has a 52 week low of $24.85 and a 52 week high of $59.50.

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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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