CBIZ (NYSE:CBZ) Issues Quarterly Earnings Results, Beats Estimates By $0.15 EPS

CBIZ (NYSE:CBZ) issued its quarterly earnings results on Thursday. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.15, MarketWatch Earnings reports. CBIZ had a return on equity of 11.36% and a net margin of 7.83%. The firm had revenue of $236.94 million for the quarter, compared to analyst estimates of $229.30 million.

Shares of NYSE CBZ traded up $0.96 during midday trading on Friday, reaching $24.18. The company’s stock had a trading volume of 483,851 shares, compared to its average volume of 179,706. The business’s 50 day moving average price is $23.36 and its two-hundred day moving average price is $23.88. The company has a market cap of $1.32 billion, a P/E ratio of 17.91 and a beta of 0.61. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.18 and a current ratio of 2.18. CBIZ has a fifty-two week low of $16.85 and a fifty-two week high of $28.73.

In other news, Director Joseph S. Dimartino sold 3,053 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $21.27, for a total value of $64,937.31. Following the transaction, the director now owns 47,865 shares of the company’s stock, valued at approximately $1,018,088.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ware H. Grove sold 10,000 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $23.15, for a total transaction of $231,500.00. Following the transaction, the insider now directly owns 254,076 shares in the company, valued at approximately $5,881,859.40. The disclosure for this sale can be found here. Insiders sold 13,753 shares of company stock worth $313,251 over the last three months. 7.40% of the stock is currently owned by insiders.

Several equities research analysts have recently weighed in on CBZ shares. TheStreet upgraded CBIZ from a “c+” rating to a “b” rating in a research note on Wednesday, May 6th. ValuEngine raised CBIZ from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research raised CBIZ from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th.

CBIZ Company Profile

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 for CBIZ (NYSE:CBZ)

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