CBIZ (CBZ) Scheduled to Post Quarterly Earnings on Thursday

CBIZ (NYSE:CBZ) will announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.57 per share for the quarter. CBIZ has set its FY24 guidance at $2.70-$2.75 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Thursday, February 15th. The business services provider reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.01. CBIZ had a return on equity of 15.49% and a net margin of 7.60%. The business had revenue of $327.50 million during the quarter, compared to analyst estimates of $308.87 million. During the same period last year, the company earned ($0.21) earnings per share. CBIZ’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, analysts expect CBIZ to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CBIZ Stock Down 1.4 %

CBZ opened at $73.71 on Thursday. The firm has a market cap of $3.69 billion, a P/E ratio of 30.97 and a beta of 0.83. CBIZ has a twelve month low of $49.13 and a twelve month high of $79.55. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.20 and a current ratio of 1.20. The business has a 50 day moving average price of $74.50 and a 200 day moving average price of $64.18.

Institutional Investors Weigh In On CBIZ

A number of institutional investors and hedge funds have recently modified their holdings of CBZ. KBC Group NV acquired a new stake in CBIZ in the 4th quarter valued at $34,000. Comerica Bank bought a new stake in CBIZ in the 3rd quarter valued at $41,000. Federated Hermes Inc. boosted its position in CBIZ by 56.4% during the third quarter. Federated Hermes Inc. now owns 1,117 shares of the business services provider’s stock worth $48,000 after purchasing an additional 403 shares during the period. Advisor Group Holdings Inc. boosted its holdings in shares of CBIZ by 127.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,206 shares of the business services provider’s stock worth $57,000 after buying an additional 675 shares during the period. Finally, Money Concepts Capital Corp bought a new position in shares of CBIZ during the fourth quarter worth approximately $65,000. 87.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Sidoti lowered CBIZ from a “buy” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a research note on Tuesday, January 2nd.

CBIZ Company Profile

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.