CBIZ (NYSE:CBZ) Issues 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 report on Tuesday, July 16th.

CBIZ Price Performance

Shares of CBZ stock opened at $85.97 on Wednesday. CBIZ has a 52-week low of $49.15 and a 52-week high of $86.36. The stock has a market cap of $4.31 billion, a PE ratio of 34.81 and a beta of 0.93. 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’s 50 day moving average price is $77.48 and its two-hundred day moving average price is $74.43.

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.