William Blair Weighs in on CBIZ, Inc.’s Q4 2024 Earnings (NYSE:CBZ)

CBIZ, Inc. (NYSE:CBZ) – Analysts at William Blair increased their Q4 2024 EPS estimates for shares of CBIZ in a report released on Thursday, August 1st. William Blair analyst A. Nicholas now expects that the business services provider will post earnings of ($0.15) per share for the quarter, up from their prior estimate of ($0.20). The consensus estimate for CBIZ’s current full-year earnings is $2.64 per share. William Blair also issued estimates for CBIZ’s Q4 2025 earnings at ($0.14) EPS.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.29). The company had revenue of $420.00 million for the quarter, compared to analyst estimates of $430.38 million. CBIZ had a net margin of 7.12% and a return on equity of 14.88%. CBIZ’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS.

Separately, StockNews.com cut CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th.

CBIZ Stock Up 1.3 %

Shares of CBZ stock opened at $70.20 on Monday. CBIZ has a 1 year low of $49.15 and a 1 year high of $86.36. 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 business’s fifty day moving average is $76.69 and its 200-day moving average is $74.69. The stock has a market cap of $3.52 billion, a PE ratio of 28.42 and a beta of 0.93.

Institutional Trading of CBIZ

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC grew its position in CBIZ by 2,980.0% in the second quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock worth $34,000 after buying an additional 447 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of CBIZ during the first quarter worth $54,000. Covestor Ltd lifted its holdings in shares of CBIZ by 45.5% during the first quarter. Covestor Ltd now owns 707 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 221 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of CBIZ by 24.8% during the fourth quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 180 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of CBIZ in the 4th quarter valued at $63,000. 87.44% of the stock is owned by institutional investors and hedge funds.

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.