Analysts expect that The Advisory Board Company (NASDAQ:ABCO) will post earnings of $0.57 per share for the current quarter, according to Zacks. Ten analysts have provided estimates for The Advisory Board’s earnings. The lowest EPS estimate is $0.53 and the highest is $0.63. The Advisory Board reported earnings of $1.03 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 44.7%. The business is scheduled to issue its next earnings report on Tuesday, February 27th.
On average, analysts expect that The Advisory Board will report full-year earnings of $1.88 per share for the current fiscal year, with EPS estimates ranging from $1.65 to $1.95. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.03 per share, with EPS estimates ranging from $1.78 to $2.24. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for The Advisory Board.
The Advisory Board (NASDAQ:ABCO) last issued 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 Advisory Board had a net margin of 9.24% and a return on equity of 12.31%. The business had revenue of $200.30 million for the quarter, compared to analysts’ expectations of $196.16 million. During the same period last year, the business earned $0.46 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis.
Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of The Advisory Board from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th. BidaskClub downgraded shares of The Advisory Board from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Piper Jaffray Companies set a $51.00 target price on shares of The Advisory Board and gave the stock a “hold” rating in a report on Thursday, August 10th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $56.00 price target (up previously from $53.00) on shares of The Advisory Board in a research note on Thursday, August 10th. Finally, Robert W. Baird downgraded shares of The Advisory Board from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $63.00 to $54.00 in a research note on Tuesday, August 29th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The Advisory Board presently has an average rating of “Hold” and an average target price of $51.95.
Shares of The Advisory Board (NASDAQ:ABCO) traded up $0.55 during mid-day trading on Friday, hitting $53.40. 4,990,200 shares of the stock were exchanged, compared to its average volume of 763,678. The Advisory Board has a 52-week low of $30.40 and a 52-week high of $59.50. The company has a market capitalization of $2,154.11, a price-to-earnings ratio of 31.65, a PEG ratio of 2.35 and a beta of 1.34. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.07 and a quick ratio of 1.06.
Institutional investors have recently made changes to their positions in the company. Rockefeller Financial Services Inc. acquired a new position in shares of The Advisory Board during the second quarter worth about $137,000. Victory Capital Management Inc. grew its position in shares of The Advisory Board by 17.5% during 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. Eqis Capital Management Inc. acquired a new position in shares of The Advisory Board during the second quarter worth about $204,000. First Capital Advisors Group LLC. acquired a new position in shares of The Advisory Board during the second quarter worth about $221,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of The Advisory Board during the second quarter worth about $221,000. 99.05% of the stock is owned by institutional investors and hedge funds.
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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