$0.97 EPS Expected for Barrett Business Services, Inc. (NASDAQ:BBSI) This Quarter

Brokerages forecast that Barrett Business Services, Inc. (NASDAQ:BBSI) will announce $0.97 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Barrett Business Services’ earnings. The highest EPS estimate is $1.02 and the lowest is $0.91. Barrett Business Services reported earnings per share of $0.93 in the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The company is scheduled to announce its next earnings results on Wednesday, March 2nd.

According to Zacks, analysts expect that Barrett Business Services will report full year earnings of $4.58 per share for the current year, with EPS estimates ranging from $4.52 to $4.63. For the next year, analysts forecast that the company will report earnings of $4.97 per share, with EPS estimates ranging from $4.83 to $5.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Barrett Business Services.

Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Tuesday, November 2nd. The business services provider reported $1.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.03 by ($0.07). The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Barrett Business Services had a net margin of 3.72% and a return on equity of 17.53%. During the same period in the prior year, the company earned $2.40 earnings per share.

A number of equities analysts have recently issued reports on the company. Barrington Research increased their target price on Barrett Business Services from $86.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, November 5th. Roth Capital increased their target price on Barrett Business Services from $88.00 to $98.00 and gave the stock a “buy” rating in a research note 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 “sell” rating to a “hold” rating in a research note on Monday, November 15th.

In related news, Director Jon L. Justesen sold 1,457 shares of the stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $76.50, for a total value of $111,460.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anthony Meeker sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 30th. The shares were sold at an average price of $76.17, for a total value of $152,340.00. Following the completion of the transaction, the director now directly owns 16,420 shares in the company, valued at $1,250,711.40. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Large investors have recently bought and sold shares of the stock. New York State Teachers Retirement System acquired a new position in Barrett Business Services in the third quarter worth about $46,000. Truvestments Capital LLC boosted its stake in Barrett Business Services by 19.1% in the second quarter. Truvestments Capital LLC now owns 1,599 shares of the business services provider’s stock valued at $116,000 after acquiring an additional 256 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Barrett Business Services by 100.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,178 shares of the business services provider’s stock valued at $166,000 after acquiring an additional 1,094 shares during the period. Metropolitan Life Insurance Co NY boosted its stake in Barrett Business Services by 116,250.0% in the second quarter. Metropolitan Life Insurance Co NY now owns 2,327 shares of the business services provider’s stock valued at $169,000 after acquiring an additional 2,325 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in Barrett Business Services in the first quarter valued at approximately $232,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

BBSI traded down $0.77 on Thursday, hitting $76.27. 23,773 shares of the company traded hands, compared to its average volume of 31,032. The stock has a market capitalization of $572.41 million, a PE ratio of 16.84, a PEG ratio of 1.37 and a beta of 1.54. The company has a 50 day moving average of $79.26 and a 200-day moving average of $76.16. Barrett Business Services has a 12-month low of $62.30 and a 12-month high of $86.82.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 3rd. Investors of record on Friday, November 19th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, November 18th. Barrett Business Services’s dividend payout ratio is currently 26.49%.

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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