Last $8.71 USD
Change Today +0.0041 / 0.05%
Volume 34.2K
CBZ On Other Exchanges
Symbol
Exchange
New York
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As of 12:12 PM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

cbiz inc (CBZ) Snapshot

Open
$8.77
Previous Close
$8.71
Day High
$8.77
Day Low
$8.69
52 Week High
03/12/14 - $9.45
52 Week Low
10/1/14 - $7.78
Market Cap
429.8M
Average Volume 10 Days
152.5K
EPS TTM
$0.51
Shares Outstanding
49.3M
EX-Date
--
P/E TM
17.2x
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, operates as a diversified services company in the United States and Canada. The company provides professional business services, products, and solutions to small and medium-sized businesses, individuals, governmental entities, and not-for-profit enterprises. It delivers its integrated services through three practice groups: Financial Services, Employee Services, and National Practices. The Financial Services practice group offers accounting, tax, financial advisory, valuation, litigation support, government health care consulting, 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. CBIZ, Inc. was founded in 1987 and is headquartered in Cleveland, Ohio.

4,100 Employees
Last Reported Date: 03/14/14
Founded in 1987

cbiz inc (CBZ) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $695.2K
President, Chief Operating Officer and Member...
Total Annual Compensation: $620.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $453.7K
Senior Vice President and President of Employ...
Total Annual Compensation: $459.4K
Senior Vice President of Strategic Developmen...
Total Annual Compensation: $469.6K
Compensation as of Fiscal Year 2013.

cbiz inc (CBZ) Key Developments

CBIZ Announces Closing of its Miami, Florida Office

CBIZ, Inc. announced that it will close its current Miami, Florida, office. A small number of staff will be relocated to CBIZ's office in Boca Raton, Florida and the remainder of the staff will join Cherry Bekaert LLP in its Miami office. The relatively small size of Miami accounting office did not provide it with sufficient scale to provide its expected array and level of professional services to its clients in the Miami market. This transaction will allow it to place its existing staff and clients in offices that are better able to serve their needs.

CBIZ, Inc. Announces Management Changes

CBIZ, Inc. announced that Steven L. Gerard has announced his intention to retire as CEO in March 2016. Following his retirement, Mr. Gerard will continue to serve as non-executive Chairman of the company's board of directors. The company's board of directors has indicated its intention to appoint Jerome P. Grisko, Jr., currently President and Chief Operating Officer of the company, to the post of Chief Executive Officer as Mr. Gerard's successor. The board anticipates that Mr. Grisko will retain his current role as President of the Company. Prior to joining CBIZ, Mr. Grisko served as a partner with the law firm of Baker & Hostetler, LLP, from January 1995 to September 1998.

CBIZ, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2014

CBIZ, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of USD 183.799 million compared to USD 168.779 million a year ago. Operating income was USD 15.884 million compared to USD 9.577 million a year ago. Income from continuing operations before income tax expense was USD 11.410 million compared to USD 8.139 million a year ago. Income from continuing operations was USD 7.284 million compared to USD 5.476 million a year ago. Net income was USD 7.688 million compared to USD 62.360 million a year ago. Diluted continuing earnings per share were USD 0.14 compared to USD 0.11 a year ago. Net income per share was USD 0.15 compared to USD 1.27 a year ago. Adjusted EBIT was USD 14.516 million compared to USD 11.948 million a year ago. Adjusted EBITDA was USD 19.704 million compared to USD 16.718 million a year ago. Non-GAAP earnings continuing operations was USD 14.322 million or USD 0.28 per share compared to USD 12.492 million or USD 0.26 per share a year ago. Capital spending was USD 1.4 million compared to USD 1.5 million a year ago. For the nine months, the company reported revenue of USD 573.592 million compared to USD 542.197 million a year ago. Operating income was USD 58.618 million compared to USD 54.882 million a year ago. Income from continuing operations before income tax expense was USD 53.121 million compared to USD 47.552 million a year ago. Income from continuing operations was USD 31.506 million compared to USD 28.217 million a year ago. Net income was USD 31.084 million compared to USD 89.810 million a year ago. Diluted continuing earnings per share were USD 0.61 compared to USD 0.57 a year ago. Net income per share was USD 0.60 compared to USD 1.81 a year ago. Adjusted EBIT was USD 63.161 million compared to USD 59.496 million a year ago. Adjusted EBITDA was USD 78.161 million compared to USD 73.640 million a year ago. Non-GAAP earnings continuing operations was USD 49.859 million or USD 0.97 per share compared to USD 49.828 million or USD 1.01 per share a year ago. Capital spending was USD 4.0 million compared to USD 4.3 million a year ago. For 2014, the company expects continued improvement in same-unit revenue growth rates, total revenue growth within a range of 5% to 7%, and growth in diluted earnings per share from continuing operations within a range of 15% to 18% over 2013, assuming a constant share count compared with 2013. Cash flow is expected to continue to be positive, and Adjusted EBITDA is projected to increase within a range of 8% to 12% over the USD 75.6 million reported for 2013. The company predicts an effective tax rate for the full year of 2014 of approximately 40%. And for the full year of 2014, expect capital spending will be within a range of USD 5 million to USD 6 million.

 

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Industry Analysis

CBZ

Industry Average

Valuation CBZ Industry Range
Price/Earnings 15.6x
Price/Sales 0.6x
Price/Book 1.0x
Price/Cash Flow 15.6x
TEV/Sales 0.3x
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