$195.70 Million in Sales Expected for The Advisory Board Company (ABCO) This Quarter

Equities research analysts predict that The Advisory Board Company (NASDAQ:ABCO) will announce sales of $195.70 million for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for The Advisory Board Company’s earnings. The lowest sales estimate is $193.70 million and the highest is $197.39 million. The Advisory Board Company posted sales of $198.38 million during the same quarter last year, which suggests a negative year-over-year growth rate of 1.4%. The company is scheduled to report its next quarterly earnings report on Wednesday, July 26th.

On average, analysts expect that The Advisory Board Company will report full-year sales of $195.70 million for the current fiscal year, with estimates ranging from $800.28 million to $814.70 million. For the next financial year, analysts forecast that the business will post sales of $853.82 million per share, with estimates ranging from $818.54 million to $872.60 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for The Advisory Board Company.

The Advisory Board Company (NASDAQ:ABCO) last issued its earnings results on Thursday, May 4th. The business services provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The firm had revenue of $194.50 million during the quarter, compared to the consensus estimate of $188.43 million. The Advisory Board Company had a negative net margin of 5.77% and a positive return on equity of 11.28%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share.

ABCO has been the subject of several recent research reports. Zacks Investment Research downgraded shares of The Advisory Board Company from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. Robert W. Baird raised shares of The Advisory Board Company from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $50.00 to $53.00 in a report on Monday, March 27th. SunTrust Banks, Inc. downgraded shares of The Advisory Board Company from a “buy” rating to a “hold” rating and set a $45.00 price objective for the company. in a report on Friday, March 10th. TheStreet downgraded shares of The Advisory Board Company from a “b-” rating to a “c” rating in a report on Friday, May 5th. Finally, Credit Suisse Group AG upped their price objective on shares of The Advisory Board Company from $54.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $47.92.

The Advisory Board Company (ABCO) opened at 51.70 on Thursday. The Advisory Board Company has a 52 week low of $24.85 and a 52 week high of $54.50. The company’s 50 day moving average is $49.91 and its 200-day moving average is $43.24. The firm has a market cap of $2.10 billion, a P/E ratio of 20.95 and a beta of 1.15.

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In other news, CEO Robert W. Musslewhite sold 11,000 shares of the stock in a transaction on Monday, April 10th. The shares were sold at an average price of $47.48, for a total value of $522,280.00. Following the completion of the transaction, the chief executive officer now owns 262,587 shares in the company, valued at approximately $12,467,630.76. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Evan R. Farber sold 5,656 shares of the stock in a transaction on Friday, March 24th. The shares were sold at an average price of $48.00, for a total transaction of $271,488.00. Following the completion of the transaction, the insider now owns 5,656 shares of the company’s stock, valued at approximately $271,488. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,106 shares of company stock valued at $3,833,810. Corporate insiders own 2.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of The Advisory Board Company by 72,455.6% in the first quarter. BlackRock Inc. now owns 2,545,252 shares of the business services provider’s stock worth $119,119,000 after buying an additional 2,541,744 shares in the last quarter. Elliott Management Corp acquired a new position in shares of The Advisory Board Company during the first quarter worth about $95,047,000. Neuberger Berman Group LLC boosted its position in shares of The Advisory Board Company by 20,493.1% in the first quarter. Neuberger Berman Group LLC now owns 1,306,425 shares of the business services provider’s stock worth $61,141,000 after buying an additional 1,300,081 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of The Advisory Board Company by 35.4% in the first quarter. Janus Capital Management LLC now owns 3,346,695 shares of the business services provider’s stock worth $156,622,000 after buying an additional 874,688 shares in the last quarter. Finally, First Eagle Investment Management LLC acquired a new position in shares of The Advisory Board Company during the first quarter worth about $24,907,000.

About The Advisory Board Company

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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