$0.22 Earnings Per Share Expected for CBIZ, Inc. (CBZ) This Quarter
Analysts expect CBIZ, Inc. (NYSE:CBZ) to announce $0.22 earnings per share for the current quarter, according to Zacks. Zero analysts have issued estimates for CBIZ’s earnings. CBIZ posted earnings of $0.18 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.2%. The company is scheduled to issue its next earnings report on Thursday, November 1st.
According to Zacks, analysts expect that CBIZ will report full-year earnings of $1.07 per share for the current financial year. For the next fiscal year, analysts expect that the company will report earnings of $1.19 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover CBIZ.
CBIZ (NYSE:CBZ) last released its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $232.60 million during the quarter, compared to the consensus estimate of $223.86 million. CBIZ had a net margin of 7.04% and a return on equity of 10.99%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share.
In related news, insider Ware H. Grove sold 20,000 shares of CBIZ stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $22.70, for a total transaction of $454,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael P. Kouzelos sold 21,200 shares of CBIZ stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $22.31, for a total transaction of $472,972.00. Following the sale, the insider now owns 291,184 shares in the company, valued at $6,496,315.04. The disclosure for this sale can be found here. Insiders sold 56,163 shares of company stock worth $1,248,677 over the last quarter. 7.20% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of CBZ. Deutsche Bank AG raised its stake in shares of CBIZ by 47.7% during the fourth quarter. Deutsche Bank AG now owns 210,531 shares of the business services provider’s stock valued at $3,250,000 after purchasing an additional 68,002 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of CBIZ during the fourth quarter valued at about $377,000. Hennessy Advisors Inc. bought a new stake in shares of CBIZ during the first quarter valued at about $4,033,000. SG Americas Securities LLC bought a new stake in shares of CBIZ during the first quarter valued at about $182,000. Finally, Victory Capital Management Inc. bought a new stake in shares of CBIZ during the first quarter valued at about $335,000. Institutional investors and hedge funds own 90.81% of the company’s stock.
CBIZ stock traded up $0.10 during mid-day trading on Friday, reaching $23.55. The company’s stock had a trading volume of 3,497 shares, compared to its average volume of 203,850. The company has a market cap of $1.30 billion, a PE ratio of 27.01 and a beta of 0.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.46 and a quick ratio of 1.46. CBIZ has a twelve month low of $14.35 and a twelve month high of $24.00.
CBIZ, Inc, through its subsidiaries, provides professional business services, products, and solutions in the United States and Canada. It offers its services through three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services practice group provides accounting and tax compliance and consulting, government health care consulting, financial advisory, valuation, litigation support, risk and advisory, real estate consulting, and internal audit outsourcing services.
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