CBIZ (NYSE:CBZ) Announces Earnings Results
CBIZ (NYSE:CBZ) issued its earnings results on Thursday. The business services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.24 by $0.15, MarketWatch Earnings reports. The company had revenue of $236.94 million during the quarter, compared to analyst estimates of $229.30 million. CBIZ had a return on equity of 11.36% and a net margin of 7.83%.
Shares of CBZ stock traded up $0.96 during trading hours on Friday, hitting $24.18. The company had a trading volume of 483,851 shares, compared to its average volume of 179,706. CBIZ has a 12 month low of $16.85 and a 12 month high of $28.73. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 17.91 and a beta of 0.61. The firm’s fifty day moving average is $23.36 and its 200 day moving average is $23.88. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.18 and a current ratio of 2.18.
In other news, insider Ware H. Grove sold 10,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $23.15, for a total value of $231,500.00. Following the transaction, the insider now owns 254,076 shares of the company’s stock, valued at approximately $5,881,859.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph S. Dimartino sold 3,053 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $21.27, for a total value of $64,937.31. Following the completion of the transaction, the director now directly owns 47,865 shares in the company, valued at approximately $1,018,088.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,753 shares of company stock worth $313,251. 7.40% of the stock is owned by corporate insiders.
CBIZ Company Profile
CBIZ, Inc provides professional business services, products, and solutions that help its clients in managing finances and employees. It offers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services group provides accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services.
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