Q3 2017 EPS Estimates for The Advisory Board Company (NASDAQ:ABCO) Decreased by Oppenheimer Holdings

The Advisory Board Company (NASDAQ:ABCO) – Oppenheimer Holdings reduced their Q3 2017 earnings per share estimates for The Advisory Board in a research note issued on Wednesday. Oppenheimer Holdings analyst M. Naidu now expects that the business services provider will post earnings of $0.40 per share for the quarter, down from their prior forecast of $0.42. Oppenheimer Holdings currently has a “Outperform” rating and a $56.00 price target on the stock. Oppenheimer Holdings also issued estimates for The Advisory Board’s Q4 2017 earnings at $0.45 EPS.

ABCO has been the subject of several other reports. Zacks Investment Research downgraded The Advisory Board from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $53.00 price objective (up from $48.00) on shares of The Advisory Board in a research note on Thursday, July 6th. TheStreet downgraded The Advisory Board from a “b-” rating to a “c” rating in a research note on Friday, May 5th. BidaskClub downgraded The Advisory Board from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Credit Suisse Group raised their price target on The Advisory Board from $54.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The Advisory Board has an average rating of “Hold” and an average target price of $51.42.

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Shares of The Advisory Board (NASDAQ:ABCO) traded up 0.69% during mid-day trading on Friday, hitting $51.05. The company had a trading volume of 34,139 shares. The firm has a market capitalization of $2.07 billion, a P/E ratio of 19.39 and a beta of 1.33. The Advisory Board has a 12 month low of $24.85 and a 12 month high of $59.50. The firm has a 50-day moving average price of $54.51 and a 200 day moving average price of $49.64.

The Advisory Board (NASDAQ:ABCO) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.08. The Advisory Board had a net margin of 13.65% and a return on equity of 13.02%. The business had revenue of $200.30 million during the quarter, compared to analysts’ expectations of $196.16 million. During the same quarter last year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year.

Several large investors have recently made changes to their positions in ABCO. BlackRock Inc. increased its stake in shares of The Advisory Board 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 stake in shares of The Advisory Board during the first quarter worth approximately $95,047,000. Neuberger Berman Group LLC increased its stake in shares of The Advisory Board 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 increased its stake in shares of The Advisory Board 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 stake in shares of The Advisory Board during the first quarter worth approximately $24,907,000.

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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