Zacks: Analysts Anticipate CBIZ, Inc. (NYSE:CBZ) to Post -$0.06 Earnings Per Share

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

According to Zacks, analysts expect that CBIZ will report full year earnings of $1.23 per share for the current year, with EPS estimates ranging from $1.22 to $1.24. For the next year, analysts anticipate that the company will post earnings of $1.32 per share, with EPS estimates ranging from $1.30 to $1.33. Zacks’ earnings per share calculations are a mean average based on a survey of 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.07. CBIZ had a return on equity of 11.36% and a net margin of 7.51%. The firm had revenue of $239.79 million for the quarter, compared to analyst estimates of $234.56 million. During the same period last year, the firm posted $0.24 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis.

CBZ has been the topic of a number of recent research reports. ValuEngine lowered CBIZ from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised CBIZ from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research note on Thursday, October 31st.

Shares of CBZ stock traded up $0.04 during mid-day trading on Wednesday, reaching $26.85. 300,639 shares of the stock traded hands, compared to its average volume of 213,886. The stock’s fifty day simple moving average is $26.06 and its two-hundred day simple moving average is $22.85. CBIZ has a 1-year low of $18.64 and a 1-year high of $28.13. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 24.63 and a beta of 0.33. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.45.

In other news, Director Benaree Pratt Wiley sold 1,600 shares of CBIZ stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $23.15, for a total transaction of $37,040.00. Following the sale, the director now directly owns 8,000 shares of the company’s stock, valued at $185,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris Spurio sold 55,000 shares of CBIZ stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $26.63, for a total value of $1,464,650.00. Following the completion of the transaction, the insider now directly owns 217,400 shares in the company, valued at $5,789,362. The disclosure for this sale can be found here. Insiders have sold 156,221 shares of company stock worth $3,913,387 over the last three months. Insiders own 7.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of CBZ. Nuveen Asset Management LLC acquired a new position in shares of CBIZ in the second quarter worth approximately $27,568,000. Wells Fargo & Company MN lifted its stake in shares of CBIZ by 121.3% in the second quarter. Wells Fargo & Company MN now owns 730,960 shares of the business services provider’s stock worth $14,319,000 after acquiring an additional 400,681 shares during the period. GW&K Investment Management LLC acquired a new position in shares of CBIZ in the second quarter worth approximately $5,347,000. Bank of America Corp DE lifted its stake in shares of CBIZ by 328.3% in the second quarter. Bank of America Corp DE now owns 140,238 shares of the business services provider’s stock worth $2,746,000 after acquiring an additional 107,492 shares during the period. Finally, Concourse Capital Management LLC acquired a new position in shares of CBIZ in the second quarter worth approximately $1,419,000. 88.05% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for CBIZ (NYSE:CBZ)

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