CBIZ (NYSE:CBZ) updated its FY 2018 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.04-1.08 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.08. The company issued revenue guidance of $898.107-923.767 million, compared to the consensus revenue estimate of $923.14 million.CBIZ also updated its FY18 guidance to $1.04-1.08 EPS.
A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of CBIZ from a hold rating to a sell rating in a research note on Friday, August 3rd. William Blair assumed coverage on shares of CBIZ in a research note on Monday, September 17th. They set an outperform rating for the company.
Shares of CBZ traded down $0.61 on Wednesday, reaching $22.19. The company’s stock had a trading volume of 23,905 shares, compared to its average volume of 229,815. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.31. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 25.69 and a beta of 0.61. CBIZ has a 12-month low of $14.35 and a 12-month high of $24.38.
In other CBIZ news, insider Ware H. Grove sold 20,000 shares of CBIZ stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $22.70, for a total transaction of $454,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Donald V. Weir sold 10,000 shares of the business’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $23.77, for a total transaction of $237,700.00. Following the completion of the transaction, the director now directly owns 11,955 shares in the company, valued at approximately $284,170.35. The disclosure for this sale can be found here. Insiders have sold 102,841 shares of company stock worth $2,414,914 in the last ninety days. Insiders own 7.20% of the company’s stock.
CBIZ, Inc, through its subsidiaries, provides professional business services, products, and solutions in the United States and Canada. It offers its services through three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services practice group provides accounting and tax compliance and consulting, litigation support, federal and state governmental healthcare compliance, valuation services, real estate consulting, and internal audit outsourcing services.
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