Barrett Business Services (BBSI) Set to Announce Earnings on Wednesday

Barrett Business Services (NASDAQ:BBSIGet Rating) is scheduled to announce its earnings results after the market closes on Wednesday, May 4th. Analysts expect the company to announce earnings of ($0.63) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Barrett Business Services (NASDAQ:BBSIGet Rating) last announced its earnings results on Wednesday, March 2nd. The business services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $0.97 by $0.43. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.70 billion. Barrett Business Services had a return on equity of 19.04% and a net margin of 3.99%. During the same period in the previous year, the business earned $0.93 EPS. On average, analysts expect Barrett Business Services to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of BBSI opened at $74.85 on Wednesday. The company has a market capitalization of $555.61 million, a P/E ratio of 14.97, a PEG ratio of 1.26 and a beta of 1.51. Barrett Business Services has a one year low of $57.76 and a one year high of $86.82. The business’s 50 day simple moving average is $72.11 and its 200-day simple moving average is $71.76.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Friday, March 18th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Thursday, March 17th. Barrett Business Services’s payout ratio is currently 24.00%.

Several research analysts have issued reports on the company. StockNews.com initiated coverage on Barrett Business Services in a report on Thursday, March 31st. They set a “buy” rating on the stock. Barrington Research cut their price target on Barrett Business Services from $95.00 to $85.00 in a research note on Thursday, March 3rd. Roth Capital increased their price target on Barrett Business Services from $96.00 to $108.00 in a research note on Thursday, March 3rd. Finally, Zacks Investment Research upgraded shares of Barrett Business Services from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Friday, March 4th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $91.00.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its holdings in Barrett Business Services by 100.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,178 shares of the business services provider’s stock valued at $166,000 after buying an additional 1,094 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Barrett Business Services during the 4th quarter worth $210,000. Citigroup Inc. boosted its stake in Barrett Business Services by 47.9% in the fourth quarter. Citigroup Inc. now owns 3,251 shares of the business services provider’s stock valued at $225,000 after buying an additional 1,053 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Barrett Business Services in the fourth quarter valued at about $310,000. Finally, Credit Suisse AG boosted its stake in Barrett Business Services by 7.6% in the fourth quarter. Credit Suisse AG now owns 5,932 shares of the business services provider’s stock valued at $409,000 after buying an additional 419 shares in the last quarter. Institutional investors and hedge funds own 82.40% of the company’s stock.

Barrett Business Services Company Profile (Get Rating)

Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. The company develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

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Earnings History for Barrett Business Services (NASDAQ:BBSI)

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