CBIZ, Inc. (NYSE:CBZ) Updates FY17 Earnings Guidance
CBIZ, Inc. (NYSE:CBZ) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $0.85-0.87 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.83.
Several analysts have issued reports on the company. Zacks Investment Research lowered CBIZ from a buy rating to a hold rating in a report on Tuesday, April 18th. BidaskClub lowered CBIZ from a buy rating to a hold rating in a report on Monday, July 24th. Finally, ValuEngine raised CBIZ from a hold rating to a buy rating in a report on Friday, June 2nd.
CBIZ, Inc. (NYSE CBZ) traded down 0.67% during mid-day trading on Friday, reaching $14.85. The company’s stock had a trading volume of 104,892 shares. CBIZ, Inc. has a one year low of $10.73 and a one year high of $15.90. The company has a market capitalization of $794.67 million, a price-to-earnings ratio of 18.59 and a beta of 0.91. The stock has a 50-day moving average price of $15.11 and a 200-day moving average price of $14.39.
CBIZ (NYSE:CBZ) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. The business had revenue of $211 million during the quarter, compared to analyst estimates of $207.42 million. CBIZ had a return on equity of 9.10% and a net margin of 5.28%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. Equities research analysts forecast that CBIZ, Inc. will post $0.83 EPS for the current year.
In other CBIZ news, Director Steven L. Gerard sold 51,594 shares of CBIZ stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $15.33, for a total transaction of $790,936.02. Following the completion of the transaction, the director now owns 375,077 shares in the company, valued at approximately $5,749,930.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ware H. Grove sold 12,000 shares of CBIZ stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $15.24, for a total value of $182,880.00. Following the transaction, the insider now owns 265,100 shares of the company’s stock, valued at approximately $4,040,124. The disclosure for this sale can be found here. Insiders have sold a total of 131,521 shares of company stock valued at $2,004,233 in the last quarter. Company insiders own 7.20% 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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