The Advisory Board Company (ABCO) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.46 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.39. The company posted revenue of $200.70 million in the period, compared to analysts expectations of $201.74 million. The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.
Many Wall Street Analysts have commented on The Advisory Board Company. The Advisory Board Company was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Apr 18, 2016. Shares were Upgraded by Deutsche Bank on Feb 25, 2016 to ” Buy” and Lowered the Price Target to $ 43 from a previous price target of $53 .Shares were Downgraded by FBR Capital on Feb 24, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 40 from a previous price target of $55 .
The Advisory Board Company closed down -0.05 points or -0.16% at $30.44 with 5,46,096 shares getting traded on Wednesday. Post opening the session at $30.52, the shares hit an intraday low of $29.95 and an intraday high of $30.8175 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Apr 18, 2016, Cormac F Miller (Chief Product Officer) sold 1,628 shares at $31.65 per share price. According to the SEC, on Mar 22, 2016, Hoose Mary Van (Chief Talent Officer) sold 4,172 shares at $30.27 per share price. On Jan 15, 2016, Richard A Schwartz (President) sold 4,000 shares at $57.14 per share price, according to the Form-4 filing with the securities and exchange commission.
The Advisory Board Company is a provider of software and solutions to the healthcare and higher education industries. The Company’s healthcare programs address a range of clinical and business issues including physician alignment and engagement network management and growth strategy value-based care and population health revenue cycle clinical operations and supply chain. Its higher education programs support colleges and universities in enrollment management academic programming and student learning faculty recruitment and retention student advising and success alumni affairs and advancement and college and university operations. The Company offers approximately 65 distinct membership programs across four areas which include best practices research and insight performance technology software consulting and management services and data- and tech-enabled services. Its best practices research and insight programs provide the foundation for all of its other programs.