Brokerages Expect CBIZ, Inc. (NYSE:CBZ) to Announce $0.26 Earnings Per Share

Shares of CBIZ, Inc. (NYSE:CBZ) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Zacks has also given CBIZ an industry rank of 99 out of 256 based on the ratings given to related companies.

CBZ has been the topic of a number of analyst reports. ValuEngine cut shares of CBIZ from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Zacks Investment Research cut shares of CBIZ from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th.

Shares of CBIZ stock traded down $0.10 on Thursday, hitting $19.70. 1,166 shares of the company’s stock were exchanged, compared to its average volume of 198,859. The firm has a 50-day moving average of $19.99. The company has a market capitalization of $1.10 billion, a PE ratio of 18.10 and a beta of 0.42. CBIZ has a 1 year low of $18.64 and a 1 year high of $24.38. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.47 and a quick ratio of 1.47.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.01). The business had revenue of $270.00 million for the quarter, compared to analysts’ expectations of $278.78 million. CBIZ had a return on equity of 10.52% and a net margin of 6.82%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. Equities research analysts predict that CBIZ will post 1.19 earnings per share for the current fiscal year.

In related news, insider Ware H. Grove sold 10,000 shares of CBIZ stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $20.52, for a total transaction of $205,200.00. Following the transaction, the insider now owns 273,096 shares in the company, valued at approximately $5,603,929.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ware H. Grove sold 20,000 shares of CBIZ stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $20.52, for a total transaction of $410,400.00. Following the completion of the sale, the insider now owns 283,096 shares in the company, valued at $5,809,129.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,000 shares of company stock worth $656,420. 7.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nordea Investment Management AB increased its holdings in CBIZ by 3.3% in the 1st quarter. Nordea Investment Management AB now owns 208,900 shares of the business services provider’s stock valued at $4,228,000 after acquiring an additional 6,600 shares during the last quarter. Granite Investment Partners LLC increased its holdings in CBIZ by 18.5% in the 1st quarter. Granite Investment Partners LLC now owns 913,732 shares of the business services provider’s stock valued at $18,494,000 after acquiring an additional 142,415 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in CBIZ by 8.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,117 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 801 shares during the last quarter. Acadian Asset Management LLC increased its holdings in CBIZ by 38.0% in the 1st quarter. Acadian Asset Management LLC now owns 131,725 shares of the business services provider’s stock valued at $2,665,000 after acquiring an additional 36,275 shares during the last quarter. Finally, Martingale Asset Management L P increased its holdings in CBIZ by 17.5% in the 1st quarter. Martingale Asset Management L P now owns 270,258 shares of the business services provider’s stock valued at $5,471,000 after acquiring an additional 40,323 shares during the last quarter. Institutional investors own 87.15% of the company’s stock.

CBIZ Company Profile

CBIZ, Inc provides professional business services, products, and solutions that help its clients in managing finances and employees. It offers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services group provides accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services.

Read More: Cost of Capital Explained

Get a free copy of the Zacks research report on CBIZ (CBZ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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