CBIZ (CBZ) Set to Announce Earnings on Tuesday

CBIZ (NYSE:CBZ) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.75 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

CBIZ (NYSE:CBZ) last announced its earnings results on Thursday, August 1st. The business services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.29). CBIZ had a net margin of 7.12% and a return on equity of 14.58%. The firm had revenue of $420.00 million for the quarter, compared to the consensus estimate of $430.38 million. During the same period in the prior year, the business earned $0.55 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. 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

Shares of CBIZ stock opened at $66.39 on Friday. CBIZ has a 52 week low of $49.15 and a 52 week high of $86.36. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $67.97 and its two-hundred day moving average price is $72.95. The stock has a market cap of $3.33 billion, a PE ratio of 28.49 and a beta of 0.92.

Wall Street Analysts Forecast Growth

CBZ has been the topic of several recent research reports. Sidoti upgraded shares of CBIZ from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $86.00 in a research report on Monday, August 12th. StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th.

About CBIZ

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.