CEB Inc. (CEB) Sees Large Volume Increase
Shares of CEB Inc. (NYSE:CEB) saw unusually-high trading volume on Friday . Approximately 127,797 shares traded hands during trading, an increase of 1% from the previous session’s volume of 126,745 shares.The stock last traded at $58.67 and had previously closed at $58.41.
A number of brokerages have commented on CEB. Cantor Fitzgerald set a $70.00 price objective on CEB and gave the company a “buy” rating in a research report on Wednesday, July 27th. Zacks Investment Research lowered CEB from a “hold” rating to a “strong sell” rating in a research report on Monday, August 1st. Finally, Mackie decreased their price objective on CEB from C$0.30 to C$0.25 in a research report on Wednesday, May 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $46.98.
The stock has a 50-day moving average of $61.69 and a 200-day moving average of $61.45. The company has a market cap of $1.90 billion and a price-to-earnings ratio of 31.11.
CEB (NYSE:CEB) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The business earned $251.10 million during the quarter, compared to analyst estimates of $244.57 million. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 earnings per share. Equities research analysts anticipate that CEB Inc. will post $4.02 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given 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 dividend 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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