Analysts Expect CBIZ, Inc. (CBZ) to Announce $0.01 EPS

Shares of CBIZ, Inc. (NYSE:CBZ) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Zacks has also assigned CBIZ an industry rank of 230 out of 265 based on the ratings given to its competitors.

Several brokerages have recently issued reports on CBZ. Zacks Investment Research upgraded CBIZ from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. ValuEngine lowered CBIZ from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

Shares of CBIZ (CBZ) traded down $0.10 during midday trading on Friday, reaching $16.50. The company’s stock had a trading volume of 189,400 shares, compared to its average volume of 247,833. CBIZ has a 12-month low of $12.70 and a 12-month high of $17.25. The firm has a market cap of $918.75, a price-to-earnings ratio of 20.12 and a beta of 0.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.54 and a quick ratio of 1.54.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.04). The firm had revenue of $207.70 million for the quarter, compared to analyst estimates of $212.66 million. CBIZ had a net margin of 5.34% and a return on equity of 8.94%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. equities research analysts forecast that CBIZ will post 0.84 EPS for the current fiscal year.

In related news, Director Steven L. Gerard sold 33,731 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $15.02, for a total value of $506,639.62. Following the transaction, the director now directly owns 349,363 shares of the company’s stock, valued at approximately $5,247,432.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael P. Kouzelos sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $14.95, for a total value of $523,250.00. Following the completion of the transaction, the insider now directly owns 287,972 shares in the company, valued at $4,305,181.40. The disclosure for this sale can be found here. Insiders sold a total of 105,053 shares of company stock worth $1,575,512 over the last three months. 6.90% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in shares of CBIZ by 0.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,840 shares of the business services provider’s stock valued at $208,000 after acquiring an additional 130 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of CBIZ by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,771 shares of the business services provider’s stock valued at $596,000 after acquiring an additional 847 shares in the last quarter. Zacks Investment Management increased its position in CBIZ by 2.8% in the 2nd quarter. Zacks Investment Management now owns 83,202 shares of the business services provider’s stock worth $1,248,000 after buying an additional 2,252 shares during the period. Voya Investment Management LLC increased its position in CBIZ by 9.9% in the 2nd quarter. Voya Investment Management LLC now owns 29,025 shares of the business services provider’s stock worth $435,000 after buying an additional 2,618 shares during the period. Finally, Dynamic Technology Lab Private Ltd increased its position in CBIZ by 25.5% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 19,939 shares of the business services provider’s stock worth $299,000 after buying an additional 4,047 shares during the period. 84.14% of the stock is currently owned by institutional investors and hedge funds.

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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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