CBIZ (NYSE:CBZ) announced its quarterly earnings results on Thursday. The business services provider reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.01), MarketWatch Earnings reports. The business had revenue of $270.00 million for the quarter, compared to analysts’ expectations of $278.78 million. CBIZ had a return on equity of 10.45% and a net margin of 6.68%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.64 earnings per share. CBIZ updated its FY19 guidance to $1.20-$1.22 EPS and its FY 2019 guidance to $1.20-1.22 EPS.
Shares of NYSE CBZ opened at $19.50 on Friday. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 17.89 and a beta of 0.50. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.23. CBIZ has a 1 year low of $18.45 and a 1 year high of $24.38.
In other CBIZ news, Director Joseph S. Dimartino sold 3,488 shares of CBIZ stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $20.63, for a total transaction of $71,957.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ware H. Grove sold 4,500 shares of CBIZ stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $20.10, for a total value of $90,450.00. Following the sale, the insider now directly owns 267,596 shares of the company’s stock, valued at $5,378,679.60. The disclosure for this sale can be found here. Insiders have sold a total of 35,442 shares of company stock valued at $737,163 over the last ninety days. 7.40% of the stock is owned by company insiders.
A number of analysts have issued reports on CBZ shares. Zacks Investment Research raised CBIZ from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st. ValuEngine downgraded CBIZ from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th.
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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