Zacks: Brokerages Anticipate Barrett Business Services, Inc. (NASDAQ:BBSI) Will Post Earnings of $1.96 Per Share

Equities analysts predict that Barrett Business Services, Inc. (NASDAQ:BBSI) will report $1.96 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Barrett Business Services’ earnings, with the highest EPS estimate coming in at $2.21 and the lowest estimate coming in at $1.71. Barrett Business Services posted earnings of $2.40 per share during the same quarter last year, which would indicate a negative year over year growth rate of 18.3%. The business is scheduled to announce its next earnings report on Tuesday, November 2nd.

According to Zacks, analysts expect that Barrett Business Services will report full-year earnings of $4.63 per share for the current financial year, with EPS estimates ranging from $4.45 to $4.81. For the next year, analysts expect that the firm will report earnings of $4.85 per share, with EPS estimates ranging from $4.82 to $4.87. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Barrett Business Services.

Barrett Business Services (NASDAQ:BBSI) last announced its quarterly earnings data on Tuesday, August 3rd. The business services provider reported $2.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.74. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Barrett Business Services had a net margin of 4.19% and a return on equity of 19.60%.

A number of brokerages have weighed in on BBSI. TheStreet upgraded shares of Barrett Business Services from a “c+” rating to a “b-” rating in a report on Monday, August 23rd. Roth Capital increased their price target on shares of Barrett Business Services from $88.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 5th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Barrett Business Services from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Wednesday, September 8th.

BBSI traded up $0.03 during midday trading on Friday, reaching $74.31. The company’s stock had a trading volume of 115 shares, compared to its average volume of 29,965. The firm has a market capitalization of $561.63 million, a price-to-earnings ratio of 14.95, a PEG ratio of 1.38 and a beta of 1.59. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02. Barrett Business Services has a 1 year low of $47.90 and a 1 year high of $79.73. The stock’s 50-day moving average is $74.69 and its 200-day moving average is $73.43.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Friday, August 20th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Thursday, August 19th. Barrett Business Services’s dividend payout ratio (DPR) is presently 27.33%.

In other Barrett Business Services news, Director Anthony Meeker sold 2,000 shares of the business’s stock in a transaction dated Monday, August 30th. The stock was sold at an average price of $76.17, for a total transaction of $152,340.00. Following the completion of the sale, the director now directly owns 16,420 shares in the company, valued at approximately $1,250,711.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Truvestments Capital LLC raised its stake in shares of Barrett Business Services by 150.6% in the first quarter. Truvestments Capital LLC now owns 1,343 shares of the business services provider’s stock worth $92,000 after buying an additional 807 shares during the period. Metropolitan Life Insurance Co NY raised its stake in Barrett Business Services by 116,250.0% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 2,327 shares of the business services provider’s stock worth $169,000 after acquiring an additional 2,325 shares during the period. UBS Group AG lifted its holdings in Barrett Business Services by 101.5% during the first quarter. UBS Group AG now owns 3,242 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 1,633 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Barrett Business Services in the first quarter worth approximately $232,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Barrett Business Services by 76.3% in the first quarter. BNP Paribas Arbitrage SA now owns 3,415 shares of the business services provider’s stock worth $235,000 after purchasing an additional 1,478 shares during the period. Institutional investors and hedge funds own 80.64% of the company’s stock.

About Barrett Business Services

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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