The Advisory Board Company (ABCO) Set to Announce Quarterly Earnings on Monday
The Advisory Board Company (NASDAQ:ABCO) is scheduled to announce its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.48 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 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 firm had revenue of $200.30 million for the quarter, compared to the consensus estimate of $196.16 million. The Advisory Board had a return on equity of 12.69% and a net margin of 13.65%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. On average, analysts expect The Advisory Board to post $1.5 EPS for the current fiscal year and $1.61 EPS for the next fiscal year.
Shares of The Advisory Board Company (NASDAQ:ABCO) traded up 0.046% during trading on Monday, hitting $53.925. 99,343 shares of the stock were exchanged. The stock has a market cap of $2.19 billion, a P/E ratio of 20.480 and a beta of 1.33. The firm’s 50 day moving average price is $53.62 and its 200-day moving average price is $52.24. The Advisory Board Company has a 52 week low of $24.85 and a 52 week high of $59.50.
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Several research firms have issued reports on ABCO. Robert W. Baird restated an “outperform” rating and set a $65.00 target price (up previously from $57.00) on shares of The Advisory Board in a research note on Sunday, July 9th. Zacks Investment Research cut shares of The Advisory Board from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub cut shares of The Advisory Board from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Stifel Nicolaus restated a “hold” rating and set a $53.00 target price (up previously from $48.00) on shares of The Advisory Board in a research note on Thursday, July 6th. Finally, Wells Fargo & Company cut shares of The Advisory Board from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $57.00 to $54.00 in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The Advisory Board currently has a consensus rating of “Hold” and an average price target of $51.95.
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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