StockNews.com upgraded shares of CBIZ (NYSE:CBZ – Free Report) from a sell rating to a hold rating in a research report report published on Thursday morning.
CBIZ Price Performance
NYSE CBZ opened at $74.10 on Thursday. The firm has a market cap of $3.71 billion, a P/E ratio of 30.00 and a beta of 0.91. The stock’s 50-day moving average is $75.71 and its two-hundred day moving average is $71.69. CBIZ has a fifty-two week low of $49.15 and a fifty-two week high of $80.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.54 and a quick ratio of 1.54.
CBIZ (NYSE:CBZ – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $1.54 earnings per share (EPS) 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 analyst estimates of $490.88 million. CBIZ had a net margin of 7.65% and a return on equity of 15.43%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.46 earnings per share. On average, analysts anticipate that CBIZ will post 2.74 earnings per share for the current fiscal year.
Institutional Investors Weigh In On CBIZ
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.
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