CBIZ (NYSE:CBZ) Issues FY 2018 Earnings Guidance

CBIZ (NYSE:CBZ) issued an update on its FY 2018 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.04-1.08 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.08. The company issued revenue guidance of $898.107-923.767 million, compared to the consensus revenue estimate of $923.14 million.CBIZ also updated its FY18 guidance to $1.04-1.08 EPS.

Shares of CBZ traded up $0.15 during midday trading on Thursday, reaching $20.62. 129,902 shares of the stock were exchanged, compared to its average volume of 178,844. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 23.70 and a beta of 0.62. CBIZ has a 52 week low of $14.35 and a 52 week high of $24.38.

CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $224.25 million during the quarter, compared to analysts’ expectations of $218.67 million. CBIZ had a return on equity of 11.30% and a net margin of 7.34%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS. On average, equities research analysts predict that CBIZ will post 1.08 EPS for the current year.

CBZ has been the subject of a number of analyst reports. William Blair initiated coverage on CBIZ in a research note on Monday, September 17th. They set an outperform rating for the company. Zacks Investment Research upgraded CBIZ from a sell rating to a hold rating in a research note on Wednesday, August 22nd.

In other CBIZ news, Director Donald V. Weir sold 10,000 shares of the stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $23.77, for a total value of $237,700.00. Following the completion of the sale, the director now directly owns 11,955 shares in the company, valued at $284,170.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Chris Spurio sold 35,841 shares of the stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $23.81, for a total value of $853,374.21. Following the completion of the sale, the insider now owns 209,917 shares of the company’s stock, valued at $4,998,123.77. The disclosure for this sale can be found here. Insiders have sold a total of 55,841 shares of company stock valued at $1,328,574 over the last 90 days. 7.20% of the stock is currently owned by company insiders.

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About CBIZ

CBIZ, Inc, through its subsidiaries, provides professional business services, products, and solutions in the United States and Canada. It offers its services through three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services practice group provides accounting and tax compliance and consulting, litigation support, federal and state governmental healthcare compliance, valuation services, real estate consulting, and internal audit outsourcing services.

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Earnings History and Estimates for CBIZ (NYSE:CBZ)

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