CBIZ (NYSE:CBZ) Updates FY 2024 Earnings Guidance

CBIZ (NYSE:CBZ) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 2.700-2.750 for the period, compared to the consensus earnings per share estimate of 2.720. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion. CBIZ also updated its FY24 guidance to $2.70 to $2.75 EPS.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Sidoti lowered CBIZ from a buy rating to a neutral rating and set a $63.00 price target for the company. in a research report on Tuesday, January 2nd. StockNews.com lowered CBIZ from a hold rating to a sell rating in a research report on Friday.

CBIZ Trading Down 3.7 %

CBIZ stock traded down $2.77 during mid-day trading on Friday, hitting $72.76. The company’s stock had a trading volume of 321,086 shares, compared to its average volume of 269,704. The firm has a market capitalization of $3.65 billion, a PE ratio of 29.46 and a beta of 0.83. CBIZ has a 1 year low of $49.13 and a 1 year high of $79.55. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average is $75.72 and its two-hundred day moving average is $65.09.

CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.03). The business had revenue of $494.30 million during the quarter, compared to analysts’ expectations of $490.88 million. CBIZ had a return on equity of 15.79% and a net margin of 7.65%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.46 earnings per share. On average, analysts anticipate that CBIZ will post 2.74 EPS for the current year.

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.