The Advisory Board Company (ABCO) Updates FY17 Earnings Guidance

The Advisory Board Company (NASDAQ:ABCO) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.80 – $2.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.97. The company issued revenue guidance of $780 million – $840 million, compared to the consensus revenue estimate of $808.04 million.

A number of equities analysts have weighed in on the stock. Robert W. Baird reaffirmed an outperform rating and issued a $65.00 target price (up from $57.00) on shares of The Advisory Board in a research note on Sunday, July 9th. Zacks Investment Research downgraded shares of The Advisory Board from a strong-buy rating to a hold rating in a research note on Tuesday, July 25th. BidaskClub downgraded shares of The Advisory Board from a hold rating to a sell rating in a research note on Saturday, August 5th. Stifel Nicolaus reissued a hold rating and set a $53.00 price target (up from $48.00) on shares of The Advisory Board in a research note on Thursday, July 6th. Finally, Credit Suisse Group boosted their price target on shares of The Advisory Board from $54.00 to $55.00 and gave the stock an outperform rating in a research note on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $51.42.

Shares of The Advisory Board Company (ABCO) traded up 1.08% during mid-day trading on Friday, reaching $51.60. 392,722 shares of the company’s stock were exchanged. The company has a market cap of $2.10 billion, a PE ratio of 19.60 and a beta of 1.33. The company’s 50-day moving average price is $54.58 and its 200 day moving average price is $49.96. The Advisory Board Company 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 data on Tuesday, August 8th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.08. The firm had revenue of $200.30 million for the quarter, compared to analysts’ expectations of $196.16 million. The Advisory Board had a return on equity of 12.69% and a net margin of 13.65%. The Advisory Board’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. On average, equities research analysts predict that The Advisory Board Company will post $1.89 EPS for the current year.

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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.

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