Wall Street analysts expect CBIZ, Inc. (NYSE:CBZ) to announce ($0.06) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for CBIZ’s earnings. CBIZ reported earnings of ($0.02) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 200%. The company is expected to issue its next quarterly earnings report on Wednesday, February 12th.
On average, analysts expect that CBIZ will report full-year earnings of $1.23 per share for the current financial year, with EPS estimates ranging from $1.22 to $1.24. For the next financial year, analysts forecast that the business will post earnings of $1.32 per share, with EPS estimates ranging from $1.30 to $1.33. Zacks’ earnings per share averages are an average based on a survey of analysts that cover CBIZ.
CBIZ (NYSE:CBZ) last posted its earnings results on Wednesday, October 30th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.07. The firm had revenue of $239.79 million during the quarter, compared to analysts’ expectations of $234.56 million. CBIZ had a net margin of 7.51% and a return on equity of 11.36%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share.
A number of analysts have issued reports on CBZ shares. Zacks Investment Research upgraded shares of CBIZ from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research note on Thursday, October 31st. ValuEngine cut shares of CBIZ from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.
In other news, Director Benaree Pratt Wiley sold 1,600 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $26.75, for a total value of $42,800.00. Following the completion of the sale, the director now directly owns 9,202 shares in the company, valued at $246,153.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Chris Spurio sold 55,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $26.63, for a total transaction of $1,464,650.00. Following the completion of the sale, the insider now owns 217,400 shares of the company’s stock, valued at $5,789,362. The disclosure for this sale can be found here. Insiders sold 156,221 shares of company stock valued at $3,913,387 over the last quarter. Corporate insiders own 7.40% of the company’s stock.
Several institutional investors have recently modified their holdings of CBZ. Nuveen Asset Management LLC acquired a new stake in shares of CBIZ in the second quarter worth $27,568,000. Wells Fargo & Company MN lifted its stake in shares of CBIZ by 121.3% in the second quarter. Wells Fargo & Company MN now owns 730,960 shares of the business services provider’s stock worth $14,319,000 after buying an additional 400,681 shares during the last quarter. GW&K Investment Management LLC acquired a new stake in shares of CBIZ in the second quarter worth $5,347,000. Bank of America Corp DE lifted its stake in shares of CBIZ by 328.3% in the second quarter. Bank of America Corp DE now owns 140,238 shares of the business services provider’s stock worth $2,746,000 after buying an additional 107,492 shares during the last quarter. Finally, Concourse Capital Management LLC acquired a new stake in shares of CBIZ in the second quarter worth $1,419,000. Institutional investors and hedge funds own 88.05% of the company’s stock.
NYSE CBZ traded up $0.04 during trading on Wednesday, reaching $26.85. The company’s stock had a trading volume of 300,639 shares, compared to its average volume of 213,886. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $1.47 billion, a PE ratio of 24.63 and a beta of 0.33. The business has a 50-day moving average price of $26.06 and a 200-day moving average price of $22.85. CBIZ has a 1-year low of $18.64 and a 1-year high of $28.13.
CBIZ, Inc provides professional business services, products, and solutions that help its clients in managing finances and employees. It offers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services group provides accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services.
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