Analysts Expect CBIZ, Inc. (CBZ) to Announce $0.17 Earnings Per Share
Brokerages expect CBIZ, Inc. (NYSE:CBZ) to post $0.17 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for CBIZ’s earnings. CBIZ reported earnings of $0.16 per share in the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The business is scheduled to announce its next earnings results before the market opens on Thursday, August 3rd.
On average, analysts expect that CBIZ will report full-year earnings of $0.82 per share for the current fiscal year. For the next fiscal year, analysts expect that the company will report earnings of $0.86 per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for CBIZ.
CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Thursday, April 27th. The business services provider reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The company had revenue of $241.46 million for 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%. CBIZ’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $0.41 EPS.
Several analysts recently issued reports on CBZ shares. Zacks Investment Research downgraded shares of CBIZ from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. ValuEngine raised shares of CBIZ from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub downgraded shares of CBIZ from a “buy” rating to a “hold” rating in a report on Monday.
Shares of CBIZ (NYSE CBZ) traded up 0.33% during trading on Wednesday, hitting $15.00. 77,999 shares of the company’s stock were exchanged. CBIZ has a 1-year low of $10.73 and a 1-year high of $15.90. The stock’s 50 day moving average is $15.14 and its 200 day moving average is $14.32. The firm has a market capitalization of $802.70 million, a PE ratio of 18.77 and a beta of 0.91.
In other news, insider Ware H. Grove sold 12,000 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $15.24, for a total value of $182,880.00. Following the completion of the transaction, the insider now owns 265,100 shares in the company, valued at approximately $4,040,124. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven L. Gerard sold 89,500 shares of the 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 completion of the transaction, 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 sold 235,521 shares of company stock valued at $3,628,303. Corporate insiders own 7.20% of the company’s stock.
Several large investors have recently made changes to their positions in CBZ. Ameriprise Financial Inc. boosted its stake in shares of CBIZ by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 13,710 shares of the business services provider’s stock worth $186,000 after buying an additional 350 shares during the period. Dalton Greiner Hartman Maher & Co. raised its stake in shares of CBIZ by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 186,573 shares of the business services provider’s stock worth $2,528,000 after buying an additional 723 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of CBIZ by 1.0% in the first quarter. Public Employees Retirement System of Ohio now owns 132,396 shares of the business services provider’s stock worth $1,794,000 after buying an additional 1,265 shares in the last quarter. American International Group Inc. raised its stake in shares of CBIZ by 7.1% in the first quarter. American International Group Inc. now owns 30,401 shares of the business services provider’s stock worth $412,000 after buying an additional 2,013 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of CBIZ by 6.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 35,615 shares of the business services provider’s stock worth $488,000 after buying an additional 2,057 shares in the last quarter. Institutional investors and hedge funds own 85.04% of the company’s stock.
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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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