CEB Inc. (CEB) Shares Down 2.8%
Shares of CEB Inc. (NYSE:CEB) were down 2.8% during mid-day trading on Thursday . The stock traded as low as $58.20 and last traded at $58.49, with a volume of 81,124 shares trading hands. The stock had previously closed at $60.20.
Several analysts recently issued reports on CEB shares. Mackie reduced their price target on shares of CEB from C$0.30 to C$0.25 in a research report on Wednesday, May 18th. Zacks Investment Research downgraded shares of CEB from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, Cantor Fitzgerald set a $70.00 price target on shares of CEB and gave the company a “buy” rating in a research report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $46.98.
The stock has a 50-day moving average price of $61.69 and a 200-day moving average price of $61.45. The stock has a market cap of $1.90 billion and a PE ratio of 31.11.
CEB (NYSE:CEB) last announced its earnings results on Tuesday, July 26th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. During the same quarter in the prior year, the company earned $1.19 EPS. The business had revenue of $251.10 million for the quarter, compared to the consensus estimate of $244.57 million. CEB’s revenue was up 8.2% compared to the same quarter last year. On average, analysts anticipate that CEB Inc. will post $4.02 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a $0.4125 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.65 dividend on an annualized basis and a yield of 2.80%.
CEB Inc, formerly The Corporate Executive Board Company, is a member-based advisory company. The Company operates through two segments: SHL Talent Measurement and CEB. Its SHL Talent Measurement provides cloud-based solutions for talent assessment and talent mobility, and decision support, as well as professional services to support those solutions.
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