Wall Street brokerages expect that CBIZ, Inc. (NYSE:CBZ) will announce earnings of $0.17 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for CBIZ’s earnings. CBIZ posted earnings of $0.16 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 6.3%. The business is expected to announce its next earnings report on Tuesday, August 1st.

On average, analysts expect that CBIZ will report full year earnings of $0.82 per share for the current financial year. For the next year, analysts forecast that the business will report earnings of $0.86 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover CBIZ.

CBIZ (NYSE:CBZ) last released its quarterly earnings results on Thursday, April 27th. The business services provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The business had revenue of $241.46 million during the quarter, compared to analyst estimates of $241.95 million. CBIZ had a net margin of 5.28% and a return on equity of 9.10%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut CBIZ from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. ValuEngine upgraded CBIZ from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

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CBIZ (NYSE CBZ) traded down 0.1822% during mid-day trading on Friday, hitting $15.1224. 24,046 shares of the company’s stock traded hands. CBIZ has a one year low of $10.24 and a one year high of $15.90. The stock has a market cap of $809.25 million, a PE ratio of 18.9267 and a beta of 0.92. The firm’s 50-day moving average price is $15.13 and its 200-day moving average price is $14.15.

In related news, insider Ware H. Grove sold 22,927 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $15.25, for a total transaction of $349,636.75. Following the completion of the sale, the insider now owns 262,673 shares in the company, valued at $4,005,763.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven L. Gerard sold 89,500 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $15.63, for a total value of $1,398,885.00. Following the sale, the director now owns 363,983 shares of the company’s stock, valued at approximately $5,689,054.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 235,521 shares of company stock valued at $3,628,303. 7.20% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of CBZ. FMR LLC boosted its stake in CBIZ by 2.6% in the fourth quarter. FMR LLC now owns 6,517,879 shares of the business services provider’s stock valued at $89,295,000 after buying an additional 166,152 shares during the last quarter. First Manhattan Co. raised its position in CBIZ by 4.2% in the first quarter. First Manhattan Co. now owns 2,884,455 shares of the business services provider’s stock valued at $32,277,000 after buying an additional 115,000 shares during the period. P2 Capital Partners LLC raised its position in CBIZ by 67.6% in the first quarter. P2 Capital Partners LLC now owns 2,361,073 shares of the business services provider’s stock valued at $31,993,000 after buying an additional 952,501 shares during the period. Vanguard Group Inc. raised its position in CBIZ by 6.9% in the first quarter. Vanguard Group Inc. now owns 2,194,818 shares of the business services provider’s stock valued at $29,740,000 after buying an additional 141,845 shares during the period. Finally, State Street Corp raised its position in CBIZ by 12.0% in the fourth quarter. State Street Corp now owns 896,848 shares of the business services provider’s stock valued at $12,286,000 after buying an additional 96,072 shares during the period. Hedge funds and other institutional investors own 84.96% of the company’s stock.

CBIZ Company Profile

CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.

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