CBIZ, Inc. (NYSE:CBZ) – Stock analysts at First Analysis increased their Q1 2018 earnings per share (EPS) estimates for shares of CBIZ in a research note issued to investors on Thursday. First Analysis analyst J. Macdonald now forecasts that the business services provider will post earnings per share of $0.57 for the quarter, up from their previous estimate of $0.48. First Analysis also issued estimates for CBIZ’s Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.00 EPS and FY2019 earnings at $1.16 EPS.
CBIZ (NYSE:CBZ) last announced its earnings results on Thursday, February 15th. The business services provider reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. CBIZ had a return on equity of 9.33% and a net margin of 5.89%. The company had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $191.40 million. During the same period last year, the business posted ($0.01) EPS. CBIZ’s revenue for the quarter was up 9.1% on a year-over-year basis.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded CBIZ from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. ValuEngine cut CBIZ from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
CBIZ (NYSE CBZ) opened at $17.85 on Monday. CBIZ has a twelve month low of $13.00 and a twelve month high of $18.33. The company has a market capitalization of $979.09, a PE ratio of 20.52 and a beta of 0.82. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.39.
CBIZ announced that its board has authorized a stock repurchase program on Wednesday, February 14th that allows the company to buyback 5,000,000 shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In other news, Director Steven L. Gerard sold 33,731 shares of CBIZ stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $15.02, for a total value of $506,639.62. Following the completion of the transaction, the director now owns 349,363 shares in the company, valued at approximately $5,247,432.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael P. Kouzelos sold 35,000 shares of CBIZ stock in a transaction dated 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 owns 287,972 shares of the company’s stock, valued at approximately $4,305,181.40. The disclosure for this sale can be found here. Insiders sold a total of 105,053 shares of company stock valued at $1,575,512 in the last quarter. Company insiders own 6.90% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. MetLife Investment Advisors LLC purchased a new position in shares of CBIZ in the 4th quarter valued at about $377,000. Gotham Asset Management LLC purchased a new position in shares of CBIZ in the 4th quarter valued at about $161,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of CBIZ by 2,874.3% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,529 shares of the business services provider’s stock valued at $162,000 after buying an additional 10,175 shares during the period. Two Sigma Advisers LP boosted its stake in shares of CBIZ by 3.3% in the 4th quarter. Two Sigma Advisers LP now owns 116,423 shares of the business services provider’s stock valued at $1,799,000 after buying an additional 3,700 shares during the period. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of CBIZ in the 4th quarter valued at about $744,000. Institutional investors and hedge funds own 83.95% of the company’s stock.
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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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