CBIZ (NYSE:CBZ) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

CBIZ (NYSE:CBZ) posted its quarterly earnings results on Wednesday. The business services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19, Zacks reports. CBIZ had a return on equity of 12.37% and a net margin of 4.73%.The business had revenue of $682.21 million during the quarter, compared to the consensus estimate of $697.96 million. During the same period last year, the firm earned $0.95 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year.

CBIZ Stock Performance

Shares of CBIZ stock traded down $0.19 during trading on Friday, reaching $55.06. The company’s stock had a trading volume of 345,138 shares, compared to its average volume of 1,147,523. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.63 and a current ratio of 1.63. The business’s fifty day moving average price is $36.28 and its 200-day moving average price is $33.57. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 1.16 and a beta of 0.99. CBIZ has a one year low of $24.29 and a one year high of $76.70.

Key Headlines Impacting CBIZ

Here are the key news stories impacting CBIZ this week:

• Positive Sentiment: Grant Thornton’s proposed $5 billion acquisition is the primary catalyst, with the transaction expected to create the fifth-largest U.S. accounting and advisory firm. Grant Thornton Advisors to Acquire CBIZ for $5 Billion
• Positive Sentiment: CBIZ’s second-quarter adjusted earnings of $0.91 per share exceeded analyst expectations of approximately $0.72–$0.73, providing additional support for investor sentiment. CBIZ Surpasses Q2 Earnings Estimates
• Neutral Sentiment: The proposed transaction remains subject to shareholder, regulatory and other closing conditions. The stock is therefore likely to trade close to the $55 cash consideration while investors assess deal-completion risk.
• Negative Sentiment: Several law firms, including Kahn Swick & Foti, Brodsky & Smith and Ademi, are investigating whether CBIZ’s sale price and transaction process adequately protect shareholders. Such reviews could delay closing or encourage demands for improved terms, though they do not establish wrongdoing. CBIZ Investor Alert
• Negative Sentiment: Quarterly revenue of $682.2 million fell slightly year over year and missed the consensus estimate of $698.0 million, while earnings declined from $0.95 per share in the prior-year quarter. CBIZ Q2 Earnings and Revenue Report

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CBZ. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $42.00 price objective on shares of CBIZ in a research report on Thursday, April 30th. Barrington Research initiated coverage on shares of CBIZ in a research note on Wednesday, June 24th. They set an “outperform” rating and a $45.00 target price on the stock. Weiss Ratings raised CBIZ from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Stephens set a $37.00 price target on shares of CBIZ in a report on Friday, May 1st. Finally, CJS Securities downgraded CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $44.50.

Institutional Trading of CBIZ

A number of hedge funds have recently bought and sold shares of the stock. Durable Capital Partners LP acquired a new position in shares of CBIZ in the third quarter valued at $207,872,000. Bank of Montreal Can acquired a new position in shares of CBIZ in the 4th quarter valued at $113,596,000. Citadel Advisors LLC boosted its position in shares of CBIZ by 253.6% during the 3rd quarter. Citadel Advisors LLC now owns 623,060 shares of the business services provider’s stock valued at $32,997,000 after acquiring an additional 446,876 shares in the last quarter. Sunriver Management LLC boosted its holdings in CBIZ by 65.8% during the fourth quarter. Sunriver Management LLC now owns 989,349 shares of the business services provider’s stock valued at $49,913,000 after purchasing an additional 392,587 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of CBIZ by 106.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 635,434 shares of the business services provider’s stock worth $32,058,000 after buying an additional 327,053 shares in the last quarter. 87.44% of the stock is owned by institutional investors.

About CBIZ

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.