Zacks: Analysts Anticipate The Advisory Board Company (ABCO) to Announce $0.48 Earnings Per Share
Equities analysts expect that The Advisory Board Company (NASDAQ:ABCO) will report $0.48 earnings per share (EPS) for the current quarter, according to Zacks. Ten analysts have made estimates for The Advisory Board’s earnings, with estimates ranging from $0.42 to $0.54. The Advisory Board reported earnings of $0.28 per share during the same quarter last year, which indicates a positive year over year growth rate of 71.4%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, November 7th.
On average, analysts expect that The Advisory Board will report full year earnings of $1.89 per share for the current year, with EPS estimates ranging from $1.80 to $1.95. For the next year, analysts expect that the company will report earnings of $2.05 per share, with EPS estimates ranging from $1.78 to $2.24. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow The Advisory Board.
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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.08). The company had revenue of $200.30 million for the quarter, compared to analysts’ expectations of $196.16 million. The Advisory Board had a net margin of 13.65% and a return on equity of 12.69%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS.
A number of equities research analysts recently commented on the company. Robert W. Baird reiterated a “hold” rating and issued a $54.00 target price on shares of The Advisory Board in a research report on Wednesday. Wells Fargo & Company lowered The Advisory Board from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $57.00 to $54.00 in a research report on Monday, October 2nd. KeyCorp reiterated a “hold” rating on shares of The Advisory Board in a research report on Friday, September 1st. Cantor Fitzgerald reiterated a “hold” rating and issued a $54.00 target price (up previously from $45.00) on shares of The Advisory Board in a research report on Tuesday, August 29th. Finally, Canaccord Genuity lowered The Advisory Board from a “buy” rating to a “hold” rating and dropped their target price for the company from $56.00 to $54.29 in a research report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $51.95.
Several hedge funds have recently made changes to their positions in ABCO. Victory Capital Management Inc. acquired a new position in shares of The Advisory Board during the 1st quarter worth approximately $109,000. Rockefeller Financial Services Inc. acquired a new position in shares of The Advisory Board during the 2nd quarter worth approximately $137,000. Asset Management One Co. Ltd. acquired a new position in shares of The Advisory Board during the 1st quarter worth approximately $159,000. Ameritas Investment Partners Inc. acquired a new position in shares of The Advisory Board during the 1st quarter worth approximately $166,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of The Advisory Board during the 2nd quarter worth approximately $204,000.
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Shares of The Advisory Board (NASDAQ ABCO) traded down 0.09% during mid-day trading on Tuesday, hitting $53.90. 813,071 shares of the stock were exchanged. The Advisory Board has a 12 month low of $24.85 and a 12 month high of $59.50. The stock has a market cap of $2.19 billion, a PE ratio of 20.47 and a beta of 1.33. The stock’s 50 day moving average is $53.02 and its 200-day moving average is $51.68.
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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