-$0.06 EPS Expected for CBIZ, Inc. (NYSE:CBZ) This Quarter

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Equities analysts expect CBIZ, Inc. (NYSE:CBZ) to post earnings of ($0.06) per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for CBIZ’s earnings. CBIZ posted earnings per share of ($0.02) in the same quarter last year, which would suggest a negative year-over-year growth rate of 200%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 12th.

On average, analysts expect that CBIZ will report full year earnings of $1.23 per share for the current fiscal year, with EPS estimates ranging from $1.22 to $1.24. For the next year, analysts expect that the company will post earnings of $1.32 per share, with EPS estimates ranging from $1.30 to $1.33. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover CBIZ.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.07. The business had revenue of $239.79 million for the quarter, compared to the consensus estimate of $234.56 million. CBIZ had a return on equity of 11.36% and a net margin of 7.51%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.24 EPS.

A number of research firms have weighed in on CBZ. Zacks Investment Research cut shares of CBIZ from a “buy” rating to a “hold” rating in a research report on Tuesday, December 31st. ValuEngine lowered CBIZ from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd.

CBZ traded down $0.10 during trading on Friday, reaching $27.41. The company’s stock had a trading volume of 2,856 shares, compared to its average volume of 155,080. The company’s fifty day moving average price is $27.17 and its 200-day moving average price is $24.40. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 25.13 and a beta of 0.31. CBIZ has a 52-week low of $19.02 and a 52-week high of $28.33.

In related news, CEO Jerome P. Grisko sold 65,000 shares of CBIZ stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $27.01, for a total value of $1,755,650.00. Also, insider Chris Spurio sold 6,890 shares of CBIZ stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $26.62, for a total value of $183,411.80. Following the sale, the insider now owns 169,290 shares of the company’s stock, valued at approximately $4,506,499.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 270,221 shares of company stock valued at $7,279,219. Company insiders own 7.40% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Huntington National Bank raised its position in shares of CBIZ by 132.7% in the third quarter. Huntington National Bank now owns 1,166 shares of the business services provider’s stock worth $27,000 after acquiring an additional 665 shares during the period. First Mercantile Trust Co. acquired a new position in shares of CBIZ during the 3rd quarter valued at $38,000. US Bancorp DE acquired a new position in shares of CBIZ in the 2nd quarter valued at approximately $47,000. Point72 Hong Kong Ltd lifted its stake in CBIZ by 4,600.0% in the second quarter. Point72 Hong Kong Ltd now owns 2,632 shares of the business services provider’s stock valued at $52,000 after buying an additional 2,576 shares during the last quarter. Finally, Sciencast Management LP acquired a new stake in shares of CBIZ in the 4th quarter worth approximately $200,000. Institutional investors own 88.05% of the company’s stock.

About CBIZ

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.

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