Zacks: Brokerages Expect Barrett Business Services, Inc. (NASDAQ:BBSI) Will Announce Earnings of $1.87 Per Share

Analysts forecast that Barrett Business Services, Inc. (NASDAQ:BBSI – Get Rating) will post $1.87 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Barrett Business Services’ earnings, with estimates ranging from $1.85 to $1.88. Barrett Business Services posted earnings per share of $2.24 during the same quarter last year, which suggests a negative year-over-year growth rate of 16.5%. The business is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Barrett Business Services will report full year earnings of $5.76 per share for the current financial year, with EPS estimates ranging from $5.46 to $6.06. For the next year, analysts anticipate that the business will post earnings of $6.06 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Barrett Business Services.

Barrett Business Services (NASDAQ:BBSI – Get Rating) last released its earnings results on Wednesday, May 4th. The business services provider reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.64) by $0.68. Barrett Business Services had a return on equity of 20.92% and a net margin of 4.37%. During the same period in the prior year, the business earned ($0.60) EPS.

Several brokerages have recently issued reports on BBSI. Barrington Research upped their target price on shares of Barrett Business Services from $85.00 to $102.00 in a research note on Thursday. Zacks Investment Research downgraded Barrett Business Services from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Roth Capital restated a “buy” rating on shares of Barrett Business Services in a research note on Thursday. Finally, StockNews.com raised Barrett Business Services from a “buy” rating to a “strong-buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $96.67.

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC lifted its holdings in Barrett Business Services by 13.7% in the first quarter. FMR LLC now owns 173,432 shares of the business services provider’s stock valued at $13,411,000 after acquiring an additional 20,901 shares during the period. Millennium Management LLC bought a new position in shares of Barrett Business Services in the 2nd quarter worth approximately $554,000. Wells Fargo & Company MN lifted its stake in shares of Barrett Business Services by 22.8% in the 2nd quarter. Wells Fargo & Company MN now owns 9,943 shares of the business services provider’s stock worth $723,000 after purchasing an additional 1,849 shares during the period. SG Americas Securities LLC purchased a new position in shares of Barrett Business Services in the third quarter worth approximately $444,000. Finally, Advisor Group Holdings Inc. grew its position in Barrett Business Services by 5.5% during the third quarter. Advisor Group Holdings Inc. now owns 3,599 shares of the business services provider’s stock valued at $274,000 after buying an additional 189 shares during the period. 81.74% of the stock is owned by institutional investors.

Shares of Barrett Business Services stock opened at $76.67 on Friday. Barrett Business Services has a 1 year low of $57.76 and a 1 year high of $86.82. The firm’s 50-day moving average is $74.37 and its 200 day moving average is $71.43. The stock has a market cap of $560.46 million, a price-to-earnings ratio of 13.59, a PEG ratio of 1.26 and a beta of 1.46.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Friday, May 20th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, May 19th. This represents a $1.20 annualized dividend and a dividend yield of 1.57%. Barrett Business Services’s payout ratio is 21.28%.

About Barrett Business Services (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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