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Last $9.77 USD
Change Today +0.02 / 0.21%
Volume 67.9K
CBZ On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 12:13 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

cbiz inc (CBZ) Snapshot

Open
$9.66
Previous Close
$9.75
Day High
$9.86
Day Low
$9.48
52 Week High
07/16/15 - $10.00
52 Week Low
10/1/14 - $7.78
Market Cap
519.2M
Average Volume 10 Days
277.7K
EPS TTM
$0.58
Shares Outstanding
53.1M
EX-Date
--
P/E TM
16.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for CBIZ INC (CBZ)

cbiz inc (CBZ) Related Bloomberg News

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cbiz inc (CBZ) Details

CBIZ, Inc., through its subsidiaries, provides professional business services, products, and solutions in the United States and Canada. It offers its services through three practice groups: Financial Services, Employee Services, and National Practices. The Financial Services practice group offers accounting, tax, government health care consulting, financial advisory, valuation, litigation support, and risk and real estate advisory services. The Employee Services practice group provides employee benefits, property and casualty, retirement plan, payroll, life insurance, human capital, compensation consulting, executive recruiting, and actuarial services. The National Practices practice group offers managed networking and hardware, and health care consulting services. The company provides its services to businesses of various sizes, as well as to individuals, governmental entities, and not-for-profit enterprises. CBIZ, Inc. was founded in 1987 and is headquartered in Cleveland, Ohio.

4,200 Employees
Last Reported Date: 03/12/15
Founded in 1987

cbiz inc (CBZ) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $713.4K
President, Chief Operating Officer and Member...
Total Annual Compensation: $534.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $414.5K
Senior Vice President and President of Financ...
Total Annual Compensation: $394.6K
Senior Vice President and President of Employ...
Total Annual Compensation: $471.3K
Compensation as of Fiscal Year 2014.

cbiz inc (CBZ) Key Developments

CBIZ Mulls Acquisitions

CBIZ, Inc. (NYSE:CBZ) intends to pursue acquisitions. "CBIZ remains committed to the Baltimore/Washington D.C. metropolitan market in terms of growing our existing Financial Services and Employee Services offerings and will continue to be active in pursuing opportunities to acquire a sizable, well-positioned accounting service provider in the area," Steven L. Gerard, CBIZ Chairman and Chief Executive Officer, said.

CBIZ, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year 2015

CBIZ, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the second quarter, the company reported revenue of $185.0 million, an increase of $7.6 million, or 4.3%, compared with $177.5 million for the second quarter of 2014.  Adjusted EBITDA for the 2015 second quarter was $20.1 million, compared with $19.6 million for the 2014 second quarter.  Adjusted EBITDA for the second quarter of 2015 excludes a pre-tax charge of $0.8 million related to the early retirement of the 4.875% Convertible Senior Subordinated Notes. Operating income was $15,310,000 compared to $10,843,000 a year ago. Income from continuing operations before income tax expense was $11,381,000 compared to $11,270,000 a year ago. Income from continuing operations was $6,685,000 compared to $6,446,000 a year ago. Net income was $6,645,000 or $0.13 per diluted share compared to $6,107,000 or $0.12 per diluted share a year ago. Adjusted EBIT from continuing operations was $14,184,000 compared to $14,779,000 a year ago. Adjusted EBITDA from continuing operations was $20,081,000 compared to $19,597,000 a year ago. Non-GAAP earnings - Continuing operations was $13,546,000 or $0.26 per share compared to $11,600,000 or $0.22 per share a year ago. Capital spending was $2.4 million and $0.9 million for the three months ended June 30, 2015 and 2014. For the six-month period ended June 30, 2015, CBIZ reported revenue of $398.9 million, an increase of $16.7 million, or 4.4%, over the $382.2 million recorded for the comparable six-month period a year ago. Income from continuing operations was $26.2 million, or $0.51 per diluted share, for the first six months of 2015, compared with $24.5 million, or $0.47 per diluted share, for the first six months of 2014. Adjusted EBITDA was $61.1 million for the six months ended June 30, 2015, compared with $58.9 million for the 2014 first half.  Adjusted EBITDA for the first half of 2015 excludes a pre-tax charge of $0.8 million related to the early retirement of the 2010 Notes. Operating income was $48,447,000 compared to $43,433,000 a year ago. Income from continuing operations before income tax expense was $44,456,000 compared to $42,410,000 a year ago. Net income was $25,813,000 or $0.50 per diluted share compared to $23,396,000 or $0.45 per diluted share a year ago. Adjusted EBIT from continuing operations was $50,180,000 compared to $49,344,000 a year ago. Adjusted EBITDA from continuing operations was $61,064,000 compared to $58,862,000 a year ago. Non-GAAP earnings - Continuing operations was $38,753,000 or $0.76 per share compared to $35,492,000 or $0.68 per share a year ago. Capital spending was $5.4 million. For the full year 2015, the company continues to project revenue to increase by 5% to 7%.  Assuming a constant share count, EPS is projected to increase by 12% to 15%. The company expects that full year capital spending to be approximately $7 million to $8 million as the first half was higher than normal in connection with this move. This year in 2015, the company continues to project effective tax rate at approximately 40%.

CBIZ Mulls Acquisitions

CBIZ, Inc. (NYSE:CBZ) intends to pursue acquisitions. “We have made one acquisition to date this year, and we currently have a number of potential acquisitions in our pipeline and expect to close a total of three to five transactions by the end of this year,” Steven L. Gerard, CBIZ Chairman and Chief Executive Officer, stated.

 

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Industry Analysis

CBZ

Industry Average

Valuation CBZ Industry Range
Price/Earnings 15.5x
Price/Sales 0.7x
Price/Book 1.1x
Price/Cash Flow 16.2x
TEV/Sales 0.4x
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