CBIZ, Inc. (CBZ) Set to Announce Quarterly Earnings on Monday

CBIZ, Inc. (NYSE:CBZ) is scheduled to issue its quarterly earnings data 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 for the quarter, beating the consensus estimate of $0.18 by $0.02. CBIZ had a return on equity of 9.42% and a net margin of 5.54%. The company had revenue of $211.00 million for the quarter, compared to the consensus estimate of $207.42 million. During the same period last year, the business posted $0.16 EPS. The company’s revenue was up 7.1% on a year-over-year basis. On average, analysts expect CBIZ to post $0.87 EPS for the current fiscal year and $0.92 EPS for the next fiscal year.

CBIZ, Inc. (NYSE:CBZ) opened at 17.25 on Friday. The stock has a market capitalization of $937.14 million, a P/E ratio of 20.41 and a beta of 0.90. The firm has a 50 day moving average price of $16.12 and a 200 day moving average price of $15.29. CBIZ, Inc. has a 52 week low of $10.73 and a 52 week high of $17.25.

A number of brokerages recently issued reports on CBZ. BidaskClub raised CBIZ from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Zacks Investment Research raised CBIZ from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a report on Friday, August 4th. Finally, ValuEngine raised CBIZ from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.

WARNING: “CBIZ, Inc. (CBZ) Set to Announce Quarterly Earnings on Monday” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2017/10/28/cbiz-inc-cbz-set-to-announce-quarterly-earnings-on-monday.html.

In other CBIZ news, insider Ware H. Grove sold 25,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $15.06, for a total transaction of $376,500.00. Following the completion of the transaction, the insider now directly owns 282,172 shares of the company’s stock, valued at approximately $4,249,510.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chris Spurio sold 16,250 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $15.18, for a total value of $246,675.00. Following the transaction, the insider now directly owns 191,293 shares of the company’s stock, valued at $2,903,827.74. The disclosure for this sale can be found here. Company insiders own 6.90% of the company’s stock.

About CBIZ

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.

Earnings History for CBIZ (NYSE:CBZ)

Receive News & Ratings for CBIZ Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBIZ Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply