CBIZ (NYSE:CBZ) Updates FY24 Earnings Guidance

CBIZ (NYSE:CBZ) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.53-2.58 for the period, compared to the consensus earnings per share estimate of $2.73. The company issued revenue guidance of ~$1.70-1.73 billion, compared to the consensus revenue estimate of $1.72 billion.

Analysts Set New Price Targets

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

CBIZ Stock Up 1.5 %

CBIZ stock opened at $85.97 on Wednesday. CBIZ has a 1-year low of $49.15 and a 1-year high of $86.36. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 34.81 and a beta of 0.93. The firm’s fifty day moving average price is $77.48 and its two-hundred day moving average price is $74.43. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50.

CBIZ Company Profile

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.