CBIZ (NYSE:CBZ - Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.64-$2.69 for the period, compared to the consensus earnings per share estimate of $2.52. The company issued revenue guidance of $1.70-$1.73 billion, compared to the consensus revenue estimate of $1.71 billion. CBIZ also updated its FY 2024 guidance to 2.640-2.690 EPS.
Analyst Ratings Changes
Several analysts have recently weighed in on CBZ shares. Sidoti upgraded shares of CBIZ from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $80.00 to $86.00 in a research report 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.
Check Out Our Latest Stock Report on CBZ
CBIZ Stock Performance
Shares of CBIZ stock traded up $4.21 during trading on Tuesday, reaching $71.07. The company's stock had a trading volume of 660,978 shares, compared to its average volume of 313,980. The company has a 50-day moving average price of $67.91 and a two-hundred day moving average price of $72.87. The firm has a market cap of $3.57 billion, a PE ratio of 30.50 and a beta of 0.92. CBIZ has a fifty-two week low of $50.64 and a fifty-two 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.
CBIZ (NYSE:CBZ - Get Free Report) last announced its earnings results on Thursday, August 1st. The business services provider reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.29). The business had revenue of $420.00 million during the quarter, compared to analyst estimates of $430.38 million. CBIZ had a net margin of 7.12% and a return on equity of 14.58%. The business's revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 earnings per share. On average, analysts forecast that CBIZ will post 2.64 EPS for the current year.
About CBIZ
(
Get Free Report)
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.
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