Equities Analysts Set Expectations for Barrett Business Services, Inc.’s FY2024 Earnings (NASDAQ:BBSI)

Barrett Business Services, Inc. (NASDAQ:BBSI) – Research analysts at Roth Capital raised their FY2024 earnings estimates for shares of Barrett Business Services in a note issued to investors on Wednesday, May 1st. Roth Capital analyst J. Martin now expects that the business services provider will post earnings per share of $8.10 for the year, up from their prior estimate of $7.75. The consensus estimate for Barrett Business Services’ current full-year earnings is $7.78 per share. Roth Capital also issued estimates for Barrett Business Services’ Q1 2025 earnings at ($0.10) EPS, Q2 2025 earnings at $2.56 EPS, Q3 2025 earnings at $3.57 EPS, Q4 2025 earnings at $2.88 EPS and FY2025 earnings at $8.93 EPS.

Several other equities research analysts also recently weighed in on the stock. Barrington Research reissued an “outperform” rating and issued a $141.00 target price on shares of Barrett Business Services in a research note on Thursday. StockNews.com raised shares of Barrett Business Services from a “buy” rating to a “strong-buy” rating in a research report on Thursday.

Barrett Business Services Stock Up 3.3 %

Shares of BBSI opened at $123.38 on Friday. Barrett Business Services has a 52-week low of $76.22 and a 52-week high of $130.00. The company has a market cap of $806.91 million, a PE ratio of 16.92, a P/E/G ratio of 1.12 and a beta of 1.37. The business has a fifty day moving average of $121.66 and a 200 day moving average of $113.20.

Barrett Business Services (NASDAQ:BBSI) last announced its earnings results on Wednesday, May 1st. The business services provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.29. Barrett Business Services had a return on equity of 26.72% and a net margin of 4.60%. The firm had revenue of $265.78 million during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the business earned $0.12 EPS.

Barrett Business Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, May 16th. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.46%.

Institutional Trading of Barrett Business Services

A number of hedge funds and other institutional investors have recently bought and sold shares of BBSI. BNP Paribas Financial Markets grew its holdings in shares of Barrett Business Services by 10.3% in the first quarter. BNP Paribas Financial Markets now owns 5,462 shares of the business services provider’s stock worth $692,000 after purchasing an additional 509 shares during the last quarter. Simplicity Wealth LLC purchased a new stake in Barrett Business Services in the 1st quarter valued at about $492,000. Assenagon Asset Management S.A. grew its stake in Barrett Business Services by 121.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 45,879 shares of the business services provider’s stock worth $5,814,000 after acquiring an additional 25,165 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Barrett Business Services by 29.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,984 shares of the business services provider’s stock worth $1,645,000 after acquiring an additional 2,945 shares in the last quarter. Finally, Bridge City Capital LLC increased its position in shares of Barrett Business Services by 2.4% during the first quarter. Bridge City Capital LLC now owns 14,287 shares of the business services provider’s stock worth $1,810,000 after acquiring an additional 332 shares during the period. Hedge funds and other institutional investors own 86.76% of the company’s stock.

About Barrett Business Services

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.