CBIZ (NYSE:CBZ) Releases FY 2024 Earnings Guidance

by · The Cerbat Gem

CBIZ (NYSE:CBZ – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 2.640-2.690 for the period, compared to the consensus EPS 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.

CBIZ Trading Down 2.8 %

NYSE:CBZ opened at $68.93 on Friday. CBIZ has a 1 year low of $51.16 and a 1 year high of $86.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a fifty day moving average price of $67.89 and a two-hundred day moving average price of $72.86. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 29.21 and a beta of 0.92.

CBIZ (NYSE:CBZ – Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The business had revenue of $438.90 million during the quarter, compared to the consensus estimate of $440.16 million. CBIZ had a net margin of 7.08% and a return on equity of 15.47%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 EPS. As a group, sell-side analysts anticipate that CBIZ will post 2.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Sidoti upgraded CBIZ from a “neutral” rating to a “buy” rating and upped their price target for the stock from $80.00 to $86.00 in a report on Monday, August 12th. StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a report on Thursday, September 5th.

Check Out Our Latest Stock Analysis on CBIZ

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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