CBIZ (NYSE:CBZ) Updates FY24 Earnings Guidance

CBIZ (NYSE:CBZ) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.53-2.58 for the period, compared to the consensus earnings per share estimate of $2.73. The company issued revenue guidance of ~$1.70-1.73 billion, compared to the consensus revenue estimate of $1.72 billion. CBIZ also updated its FY 2024 guidance to 2.640-2.690 EPS.

CBIZ Trading Down 2.7 %

Shares of NYSE:CBZ opened at $71.05 on Friday. CBIZ has a 12-month low of $49.15 and a 12-month high of $86.36. The company has a market capitalization of $3.56 billion, a PE ratio of 28.77 and a beta of 0.93. The business has a 50 day moving average of $77.02 and a two-hundred day moving average of $74.44. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded CBIZ from a hold rating to a sell rating in a research note on Tuesday, July 16th.

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.