CBIZ, Inc. (CBZ) Scheduled to Post Quarterly Earnings on Monday
CBIZ, Inc. (NYSE:CBZ) will be announcing its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. CBIZ has set its FY17 guidance at $0.85-0.87 EPS.
CBIZ (NYSE:CBZ) last announced its earnings results on Thursday, August 3rd. The business services provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. The business had revenue of $211.00 million during the quarter, compared to analyst estimates of $207.42 million. CBIZ had a net margin of 5.54% and a return on equity of 9.42%. CBIZ’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. On average, analysts expect CBIZ to post $0.87 EPS for the current fiscal year and $0.95 EPS for the next fiscal year.
Shares of CBIZ, Inc. (NYSE:CBZ) traded up 0.446% during midday trading on Monday, hitting $16.875. 8,523 shares of the stock were exchanged. The firm’s 50-day moving average is $15.99 and its 200 day moving average is $15.22. CBIZ, Inc. has a 52-week low of $10.73 and a 52-week high of $17.05. The firm has a market cap of $916.77 million, a PE ratio of 19.970 and a beta of 0.90.
A number of brokerages recently issued reports on CBZ. Zacks Investment Research downgraded CBIZ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. ValuEngine upgraded CBIZ from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub downgraded CBIZ from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.
In other news, insider Chris Spurio sold 16,250 shares of CBIZ stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $15.18, for a total transaction of $246,675.00. Following the completion of the sale, the insider now directly owns 191,293 shares in the company, valued at $2,903,827.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ware H. Grove sold 25,000 shares of CBIZ stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $15.06, for a total value of $376,500.00. Following the sale, the insider now owns 282,172 shares of the company’s stock, valued at $4,249,510.32. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by company insiders.
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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