CBIZ (CBZ) Set to Announce Quarterly Earnings on Thursday

CBIZ (NYSE:CBZ) will be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.57 per share for the quarter. CBIZ has set its FY24 guidance at $2.70-$2.75 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Thursday, February 15th. The business services provider reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.01. The company had revenue of $327.50 million for the quarter, compared to the consensus estimate of $308.87 million. CBIZ had a net margin of 7.60% and a return on equity of 15.49%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.21) EPS. On average, analysts expect CBIZ to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CBIZ Price Performance

NYSE CBZ opened at $73.71 on Thursday. The company has a market cap of $3.69 billion, a PE ratio of 30.97 and a beta of 0.83. CBIZ has a 52 week low of $49.13 and a 52 week high of $79.55. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $74.50 and its two-hundred day simple moving average is $64.18.

Institutional Trading of CBIZ

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBZ. KBC Group NV bought a new stake in CBIZ in the 4th quarter worth about $34,000. Comerica Bank purchased a new position in CBIZ in the third quarter worth about $41,000. Federated Hermes Inc. lifted its position in shares of CBIZ by 56.4% during the 3rd quarter. Federated Hermes Inc. now owns 1,117 shares of the business services provider’s stock valued at $48,000 after buying an additional 403 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in shares of CBIZ by 127.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,206 shares of the business services provider’s stock valued at $57,000 after buying an additional 675 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of CBIZ by 113.6% during the 2nd quarter. Macquarie Group Ltd. now owns 1,566 shares of the business services provider’s stock valued at $62,000 after buying an additional 833 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analyst Ratings Changes

Separately, Sidoti cut CBIZ from a “buy” rating to a “neutral” rating and set a $63.00 price target on the stock. in a research report on Tuesday, January 2nd.

CBIZ Company Profile

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