CBIZ (CBZ) Set to Announce Quarterly Earnings on Thursday

CBIZ (NYSE:CBZ) is scheduled to be issuing its quarterly earnings data 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.Parties that are interested in registering for the company’s conference call can do so using this link.

CBIZ (NYSE:CBZ) last released 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 business had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $308.87 million. CBIZ had a return on equity of 15.49% and a net margin of 7.60%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($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 Stock Performance

NYSE CBZ opened at $78.09 on Wednesday. The stock has a market cap of $3.91 billion, a PE ratio of 32.81 and a beta of 0.83. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.39. CBIZ has a twelve month low of $49.13 and a twelve month high of $79.55. The stock has a fifty day simple moving average of $75.34 and a 200-day simple moving average of $64.92.

Wall Street Analyst Weigh In

Separately, Sidoti cut CBIZ from a “buy” rating to a “neutral” rating and set a $63.00 target price for the company. in a 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.