CBIZ (NYSE:CBZ) Updates FY 2024 Earnings Guidance

CBIZ (NYSE:CBZ) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 2.640-2.690 for the period, compared to the consensus earnings per share estimate of 2.640. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $2.1 billion. CBIZ also updated its FY24 guidance to $2.64-$2.69 EPS.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Sidoti raised CBIZ from a “neutral” rating to a “buy” rating and lifted their price target for the company from $80.00 to $86.00 in a research note on Monday, August 12th. StockNews.com downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th.

CBIZ Trading Up 0.1 %

CBZ stock traded up $0.05 during trading on Wednesday, hitting $71.12. The company had a trading volume of 170,654 shares, compared to its average volume of 313,266. The stock has a market cap of $3.57 billion, a PE ratio of 30.44 and a beta of 0.92. CBIZ has a one year low of $51.16 and a one year 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 business has a 50-day moving average of $67.91 and a 200-day moving average of $72.87.

CBIZ (NYSE:CBZ) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. CBIZ had a net margin of 7.12% and a return on equity of 14.58%. The business had revenue of $438.90 million during the quarter, compared to the consensus estimate of $440.16 million. During the same quarter last year, the firm earned $0.66 earnings per share. CBIZ’s quarterly revenue was up 6.9% on a year-over-year basis. Research analysts predict that CBIZ will post 2.64 earnings per share for the current fiscal year.

CBIZ Company Profile

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.