Equities research analysts forecast that The Advisory Board Company (NASDAQ:ABCO) will report earnings per share (EPS) of $0.48 for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for The Advisory Board’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.54. The Advisory Board posted earnings per share of $0.28 during the same quarter last year, which suggests a positive year over year growth rate of 71.4%. The company is scheduled to announce its next 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 fiscal year, with EPS estimates ranging from $1.80 to $1.95. For the next financial year, analysts forecast that the company will report earnings of $2.05 per share, with EPS estimates ranging from $1.78 to $2.24. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover The Advisory Board.

The Advisory Board (NASDAQ:ABCO) last released its 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 during 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 firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS.

Several equities research analysts have issued reports on the company. Zacks Investment Research lowered The Advisory Board from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Cantor Fitzgerald reiterated a “hold” rating and issued a $54.00 price objective (up from $45.00) on shares of The Advisory Board in a research report on Tuesday, August 29th. Stifel Nicolaus reiterated a “hold” rating and issued a $53.00 price objective (up from $48.00) on shares of The Advisory Board in a research report on Thursday, July 6th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $56.00 target price (up from $53.00) on shares of The Advisory Board in a research note on Thursday, August 10th. Finally, BidaskClub cut The Advisory Board from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $51.95.

The Advisory Board (NASDAQ:ABCO) remained flat at $53.85 during trading on Tuesday. 787,816 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $52.82 and its 200 day moving average price is $51.58. The Advisory Board has a 52 week low of $24.85 and a 52 week high of $59.50. The stock has a market cap of $2.19 billion, a P/E ratio of 20.45 and a beta of 1.33.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC bought a new position in The Advisory Board in the second quarter valued at approximately $139,617,000. BlackRock Inc. increased its position in shares of The Advisory Board by 72,455.6% during the 1st quarter. BlackRock Inc. now owns 2,545,252 shares of the business services provider’s stock worth $119,119,000 after purchasing an additional 2,541,744 shares during the last quarter. Elliott Management Corp acquired a new position in shares of The Advisory Board during the 1st quarter worth approximately $95,047,000. Janus Capital Management LLC raised its stake in shares of The Advisory Board by 35.4% during the 1st quarter. Janus Capital Management LLC now owns 3,346,695 shares of the business services provider’s stock worth $156,622,000 after purchasing an additional 874,688 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of The Advisory Board by 343.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 442,409 shares of the business services provider’s stock worth $20,705,000 after purchasing an additional 342,650 shares in the last quarter.

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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