CBIZ (NYSE:CBZ) Earns News Impact Score of 0.57
News coverage about CBIZ (NYSE:CBZ) has trended very positive on Friday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CBIZ earned a news impact score of 0.57 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 80 out of 100, indicating that recent press coverage is likely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- FY2017 EPS Estimates for CBIZ, Inc. (NYSE:CBZ) Lifted by Analyst (americanbankingnews.com)
- CBIZ, Inc. (NYSE:CBZ) Releases Earnings Results, Beats Estimates By $0.02 EPS (americanbankingnews.com)
- CBIZ Reports Second-Quarter And First-Half 2017 Results (finance.yahoo.com)
- CBIZ posts 2Q profit (finance.yahoo.com)
- CBIZ, Inc. (NYSE:CBZ) Releases FY17 Earnings Guidance (americanbankingnews.com)
CBZ has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of CBIZ from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Friday, April 28th. ValuEngine raised shares of CBIZ from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
CBIZ (CBZ) traded down 0.67% during trading on Friday, reaching $14.85. 104,892 shares of the company were exchanged. The firm’s 50-day moving average is $15.11 and its 200 day moving average is $14.39. CBIZ has a one year low of $10.73 and a one year high of $15.90. The company has a market capitalization of $794.67 million, a P/E ratio of 18.59 and a beta of 0.91.
CBIZ (NYSE:CBZ) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. CBIZ had a net margin of 5.28% and a return on equity of 9.10%. The company had revenue of $211 million during the quarter, compared to analyst estimates of $207.42 million. During the same period last year, the business earned $0.16 earnings per share. CBIZ’s revenue was up 7.1% compared to the same quarter last year. On average, analysts anticipate that CBIZ will post $0.83 EPS for the current fiscal year.
In other CBIZ news, Director Steven L. Gerard sold 51,594 shares of CBIZ stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $15.33, for a total transaction of $790,936.02. Following the completion of the sale, the director now directly owns 375,077 shares in the company, valued at $5,749,930.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven L. Gerard sold 2,000 shares of CBIZ stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $15.50, for a total transaction of $31,000.00. Following the sale, the director now owns 325,483 shares of the company’s stock, valued at $5,044,986.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 131,521 shares of company stock valued at $2,004,233. 7.20% of the stock is currently owned by company insiders.
CBIZ Company Profile
CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.
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