CBIZ (NYSE:CBZ) Issues FY 2024 Earnings Guidance

CBIZ (NYSE:CBZ) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.640-2.690 for the period, compared to the consensus earnings per share estimate of 2.740. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion. CBIZ also updated its FY24 guidance to $2.53-2.58 EPS.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of CBIZ from a hold rating to a sell rating in a research report on Tuesday, July 16th.

CBIZ Trading Down 12.0 %

Shares of NYSE:CBZ traded down $10.29 during midday trading on Wednesday, reaching $75.73. The company had a trading volume of 271,684 shares, compared to its average volume of 294,714. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 30.57 and a beta of 0.93. CBIZ has a 1-year low of $49.15 and a 1-year high of $86.36. The company has a fifty day simple moving average of $77.48 and a two-hundred day simple moving average of $74.43.

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.