CEB (CEB) Releases Earnings Results, Beats Expectations By $0.04 EPS

CEB (CEB) reported quarterly earnings results on Monday, Apr-25-2016. The company said it had a profit of $0.82 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.78. The company posted revenue of $224.00 million in the period, compared to analysts expectations of $226.98 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Many Wall Street Analysts have commented on CEB. Shares were Reiterated by Stifel on Feb 26, 2016 to “Buy” and Lowered the Price Target to $ 74 from a previous price target of $76 .Shares were Reiterated by RBC Capital Mkts on Feb 9, 2016 to “Outperform” and Lowered the Price Target to $ 73 from a previous price target of $84 .Shares were Reiterated by Deutsche Bank on Feb 5, 2016 to “Buy” and Lowered the Price Target to $ 78 from a previous price target of $87 .

CEB opened for trading at $65.57 and hit $66.75 on the upside on Friday, eventually ending the session at $66, with a gain of 0.46% or 0.3 points. The heightened volatility saw the trading volume jump to 1,99,614 shares. Company has a market cap of $2,155 M.

In a different news, on Nov 19, 2015, Daniel O Leemon (director) sold 1,133 shares at $75.00 per share price. According to the SEC, on May 6, 2015, Gregor Bailar (director) sold 2,290 shares at $85.49 per share price. On Feb 19, 2015, Stephen Martin Carter (director) sold 3,200 shares at $79.50 per share price, according to the Form-4 filing with the securities and exchange commission.

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