Barrett Business Services (NASDAQ:BBSI) Releases Quarterly Earnings Results, Beats Estimates By $0.29 EPS

Barrett Business Services (NASDAQ:BBSI) announced its quarterly earnings data on Wednesday. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.29, Zacks reports. The firm had revenue of $265.78 million during the quarter, compared to analyst estimates of $1.88 billion. Barrett Business Services had a net margin of 4.73% and a return on equity of 27.69%. During the same quarter in the prior year, the firm posted $0.12 earnings per share.

Barrett Business Services Stock Down 2.4 %

BBSI stock traded down $2.94 during mid-day trading on Thursday, hitting $119.49. 52,996 shares of the company were exchanged, compared to its average volume of 30,256. Barrett Business Services has a 12-month low of $76.22 and a 12-month high of $130.00. The firm has a market capitalization of $781.46 million, a P/E ratio of 16.04, a PEG ratio of 1.12 and a beta of 1.37. The business has a fifty day simple moving average of $121.36 and a 200-day simple moving average of $112.94.

Barrett Business Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.30 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.00%. Barrett Business Services’s dividend payout ratio (DPR) is currently 16.15%.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an “outperform” rating and issued a $141.00 price objective on shares of Barrett Business Services in a report on Thursday.

Barrett Business Services Company Profile

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.