CBIZ, Inc. (CBZ) Expected to Post Earnings of $0.23 Per Share

Equities analysts expect that CBIZ, Inc. (NYSE:CBZ) will post earnings per share of $0.23 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for CBIZ’s earnings. CBIZ reported earnings of $0.20 per share in the same quarter last year, which would indicate a positive year over year growth rate of 15%. The firm is scheduled to report its next earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that CBIZ will report full year earnings of $0.87 per share for the current year. For the next year, analysts anticipate that the company will post earnings of $0.92 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover CBIZ.

CBIZ (NYSE:CBZ) last issued its earnings results on Thursday, August 3rd. The business services provider reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. CBIZ had a net margin of 5.54% and a return on equity of 9.42%. The business had revenue of $211.00 million for the quarter, compared to the consensus estimate of $207.42 million. During the same quarter last year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year.

Several analysts have commented on CBZ shares. Zacks Investment Research raised shares of CBIZ from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Friday, June 16th. ValuEngine raised shares of CBIZ from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub downgraded shares of CBIZ from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.

In other news, insider Chris Spurio sold 16,250 shares of the business’s 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 completion of the sale, the insider now directly owns 191,293 shares in the company, valued at $2,903,827.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ware H. Grove sold 25,000 shares of the business’s 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 sale, the insider now owns 282,172 shares of the company’s stock, valued at $4,249,510.32. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Karp Capital Management Corp acquired a new stake in shares of CBIZ in the first quarter worth $289,000. American International Group Inc. lifted its stake in shares of CBIZ by 7.1% in the first quarter. American International Group Inc. now owns 30,401 shares of the business services provider’s stock worth $412,000 after buying an additional 2,013 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of CBIZ by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 13,710 shares of the business services provider’s stock worth $186,000 after buying an additional 350 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of CBIZ in the second quarter worth $2,192,000. Finally, Geode Capital Management LLC lifted its stake in shares of CBIZ by 3.3% in the first quarter. Geode Capital Management LLC now owns 430,679 shares of the business services provider’s stock worth $5,835,000 after buying an additional 13,680 shares during the last quarter. Institutional investors and hedge funds own 85.55% of the company’s stock.

Shares of CBIZ (NYSE:CBZ) traded down 0.33% during trading on Tuesday, hitting $15.25. 132,739 shares of the stock were exchanged. CBIZ has a 12-month low of $10.73 and a 12-month high of $15.90. The stock’s 50 day moving average is $14.84 and its 200-day moving average is $14.78. The stock has a market cap of $828.49 million, a price-to-earnings ratio of 18.05 and a beta of 0.91.

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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.

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Earnings History and Estimates for CBIZ (NYSE:CBZ)

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