CBIZ, Inc. (NYSE:CBZ) to Release Quarterly Earnings on Monday
CBIZ, Inc. (NYSE:CBZ) will be issuing its quarterly earnings data before the market opens on Monday, July 31st. Analysts expect the company to announce earnings of $0.18 per share for the quarter.
CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. CBIZ had a net margin of 5.28% and a return on equity of 9.10%. The company had revenue of $241.46 million during the quarter, compared to analysts’ expectations of $241.95 million. During the same period in the prior year, the company posted $0.41 earnings per share. CBIZ’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, analysts expect CBIZ to post $0.82 EPS for the current fiscal year and $0.86 EPS for the next fiscal year.
Shares of CBIZ, Inc. (CBZ) opened at 15.15 on Monday. The firm has a market capitalization of $810.72 million, a PE ratio of 18.96 and a beta of 0.91. CBIZ, Inc. has a 52-week low of $10.73 and a 52-week high of $15.90. The stock’s 50 day moving average is $15.15 and its 200 day moving average is $14.30.
In related news, insider Ware H. Grove sold 12,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $15.24, for a total transaction of $182,880.00. Following the completion of the sale, the insider now directly owns 265,100 shares in the company, valued at approximately $4,040,124. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven L. Gerard sold 89,500 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $15.63, for a total transaction of $1,398,885.00. Following the sale, the director now owns 363,983 shares of the company’s stock, valued at $5,689,054.29. The disclosure for this sale can be found here. Insiders have sold a total of 235,521 shares of company stock valued at $3,628,303 over the last quarter. 7.20% of the stock is currently owned by company insiders.
CBZ has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of CBIZ from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Friday, April 28th. ValuEngine upgraded shares of CBIZ from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
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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