CBIZ (CBZ) Scheduled to Post Earnings on Thursday

CBIZ (NYSE:CBZGet Rating) is set to issue its quarterly earnings data before the market opens on Thursday, April 28th. Analysts expect the company to announce earnings of $1.03 per share for the quarter. CBIZ has set its FY22 guidance at $1.99-2.03 EPS and its FY 2022 guidance at $1.990-$2.030 EPS.Parties interested in registering for the company’s conference call can do so using this link.

CBIZ (NYSE:CBZGet Rating) last announced its quarterly earnings data on Thursday, February 17th. The business services provider reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.09). The firm had revenue of $242.80 million for the quarter, compared to the consensus estimate of $232.76 million. CBIZ had a net margin of 6.42% and a return on equity of 12.48%. The company’s revenue was up 15.0% on a year-over-year basis. On average, analysts expect CBIZ to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of CBZ stock opened at $43.52 on Thursday. The firm has a market cap of $2.27 billion, a P/E ratio of 33.48 and a beta of 0.73. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.07 and a current ratio of 1.07. The business’s 50 day moving average price is $40.06 and its 200-day moving average price is $38.58. CBIZ has a fifty-two week low of $30.68 and a fifty-two week high of $44.17.

In related news, insider Michael P. Kouzelos sold 9,729 shares of the business’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $39.32, for a total value of $382,544.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jerome P. Grisko sold 8,192 shares of the business’s stock in a transaction that occurred on Wednesday, February 23rd. The stock was sold at an average price of $37.58, for a total value of $307,855.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,222 shares of company stock valued at $936,585. Insiders own 6.50% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Nuveen Asset Management LLC raised its stake in CBIZ by 27.1% during the fourth quarter. Nuveen Asset Management LLC now owns 257,223 shares of the business services provider’s stock worth $10,062,000 after acquiring an additional 54,812 shares during the period. Citadel Advisors LLC boosted its holdings in shares of CBIZ by 563.9% in the third quarter. Citadel Advisors LLC now owns 61,006 shares of the business services provider’s stock valued at $1,973,000 after acquiring an additional 51,817 shares in the last quarter. Barclays PLC boosted its holdings in CBIZ by 66.1% during the fourth quarter. Barclays PLC now owns 59,500 shares of the business services provider’s stock worth $2,328,000 after buying an additional 23,675 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in CBIZ by 8.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 296,367 shares of the business services provider’s stock worth $11,593,000 after purchasing an additional 22,516 shares during the period. Finally, LPL Financial LLC boosted its stake in CBIZ by 254.5% in the 3rd quarter. LPL Financial LLC now owns 24,654 shares of the business services provider’s stock worth $797,000 after purchasing an additional 17,700 shares during the period.

Several analysts have issued reports on CBZ shares. William Blair reissued an “outperform” rating on shares of CBIZ in a report on Wednesday, March 9th. StockNews.com assumed coverage on CBIZ in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Zacks Investment Research lowered CBIZ from a “buy” rating to a “hold” rating in a research report on Tuesday.

About CBIZ (Get Rating)

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. The company operates through three segments: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.

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Earnings History for CBIZ (NYSE:CBZ)

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