Analysts Anticipate Barrett Business Services, Inc. (NASDAQ:BBSI) to Post $1.96 EPS

Analysts expect Barrett Business Services, Inc. (NASDAQ:BBSI) to post $1.96 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Barrett Business Services’ earnings, with the lowest EPS estimate coming in at $1.71 and the highest estimate coming in at $2.21. Barrett Business Services posted earnings of $2.40 per share during the same quarter last year, which suggests a negative year over year growth rate of 18.3%. The business is scheduled to report its next earnings results on Tuesday, November 2nd.

According to Zacks, analysts expect that Barrett Business Services will report full year earnings of $4.63 per share for the current year, with EPS estimates ranging from $4.45 to $4.81. For the next financial year, analysts anticipate that the business will report earnings of $4.85 per share, with EPS estimates ranging from $4.82 to $4.87. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Barrett Business Services.

Barrett Business Services (NASDAQ:BBSI) last released its quarterly earnings results on Tuesday, August 3rd. The business services provider reported $2.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.74. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Barrett Business Services had a return on equity of 19.60% and a net margin of 4.19%.

BBSI has been the topic of several analyst reports. Roth Capital upped their target price on Barrett Business Services from $88.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 5th. They noted that the move was a valuation call. TheStreet raised Barrett Business Services from a “c+” rating to a “b-” rating in a research note on Monday, August 23rd. Finally, Zacks Investment Research raised Barrett Business Services from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Wednesday, September 8th.

BBSI stock traded down $2.26 during trading on Friday, hitting $73.81. The company had a trading volume of 132,057 shares, compared to its average volume of 30,500. The business has a 50-day moving average of $74.87 and a 200-day moving average of $73.46. Barrett Business Services has a one year low of $47.90 and a one year high of $79.73. The stock has a market cap of $557.86 million, a PE ratio of 15.31, a PEG ratio of 1.38 and a beta of 1.59. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02.

The company also recently announced a quarterly dividend, which was paid on Friday, September 3rd. Stockholders of record on Friday, August 20th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Thursday, August 19th. Barrett Business Services’s payout ratio is 27.33%.

In other news, Director Anthony Meeker sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 30th. The stock was sold at an average price of $76.17, for a total transaction of $152,340.00. Following the transaction, the director now directly owns 16,420 shares of the company’s stock, valued at $1,250,711.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBSI. Deprince Race & Zollo Inc. bought a new position in Barrett Business Services in the 2nd quarter valued at $8,244,000. Grandeur Peak Global Advisors LLC grew its stake in Barrett Business Services by 229.0% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 112,012 shares of the business services provider’s stock valued at $7,713,000 after purchasing an additional 77,966 shares during the period. Victory Capital Management Inc. bought a new position in Barrett Business Services in the 1st quarter valued at $3,958,000. FMR LLC grew its stake in Barrett Business Services by 28.2% in the 2nd quarter. FMR LLC now owns 170,112 shares of the business services provider’s stock valued at $12,352,000 after purchasing an additional 37,403 shares during the period. Finally, Pacific Ridge Capital Partners LLC grew its stake in Barrett Business Services by 28.0% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 169,634 shares of the business services provider’s stock valued at $11,681,000 after purchasing an additional 37,093 shares during the period. 80.64% of the stock is owned by institutional investors and hedge funds.

Barrett Business Services Company Profile

Barrett Business Services, Inc engages in the provision of business management solutions for small and mid-sized companies. It develops management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. It focuses on professional employer, and staffing and recruiting services.

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