Analysts Anticipate Barrett Business Services, Inc. (BBSI) to Post $1.74 EPS

Barrett Business Services, Inc. (NASDAQ:BBSI) has received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus price objective of $97.50 for the company and are forecasting that the company will post $1.74 EPS for the current quarter, according to Zacks. Zacks has also given Barrett Business Services an industry rank of 198 out of 256 based on the ratings given to related companies.

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Barrett Business Services from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. BidaskClub upgraded Barrett Business Services from a “sell” rating to a “hold” rating in a research note on Thursday, September 27th. ValuEngine upgraded Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Monday, November 12th. Finally, Sidoti started coverage on Barrett Business Services in a research note on Tuesday, October 9th. They set a “buy” rating and a $95.00 target price for the company.

In related news, COO Gregory R. Vaughn sold 7,488 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $71.33, for a total transaction of $534,119.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jon L. Justesen sold 1,235 shares of the firm’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $57.16, for a total value of $70,592.60. Following the transaction, the director now owns 15,236 shares in the company, valued at $870,889.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,778 shares of company stock valued at $664,847. Company insiders own 6.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc lifted its stake in Barrett Business Services by 1.1% during the third quarter. Vanguard Group Inc now owns 402,837 shares of the business services provider’s stock worth $26,901,000 after purchasing an additional 4,490 shares during the last quarter. Great Lakes Advisors LLC bought a new position in Barrett Business Services during the third quarter worth $211,000. Vanguard Group Inc. lifted its stake in Barrett Business Services by 1.1% during the third quarter. Vanguard Group Inc. now owns 402,837 shares of the business services provider’s stock worth $26,901,000 after purchasing an additional 4,490 shares during the last quarter. Teachers Advisors LLC lifted its stake in Barrett Business Services by 5.5% during the third quarter. Teachers Advisors LLC now owns 14,391 shares of the business services provider’s stock worth $961,000 after purchasing an additional 745 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Barrett Business Services by 30.8% during the third quarter. AQR Capital Management LLC now owns 174,333 shares of the business services provider’s stock worth $11,642,000 after purchasing an additional 41,006 shares during the last quarter. Hedge funds and other institutional investors own 81.03% of the company’s stock.

NASDAQ:BBSI traded up $2.54 during trading hours on Friday, hitting $58.10. The stock had a trading volume of 18,246 shares, compared to its average volume of 27,615. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. Barrett Business Services has a 1-year low of $53.10 and a 1-year high of $98.76. The company has a market capitalization of $422.57 million, a price-to-earnings ratio of 17.45 and a beta of 0.76.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings data on Tuesday, November 6th. The business services provider reported $2.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.29. Barrett Business Services had a net margin of 3.34% and a return on equity of 36.31%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.46 billion. On average, equities analysts anticipate that Barrett Business Services will post 4.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Friday, November 23rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Wednesday, November 21st. Barrett Business Services’s dividend payout ratio (DPR) is currently 30.03%.

About Barrett Business Services

Barrett Business Services, Inc provides business management solutions for small and medium-sized companies in the United States. The company has management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

Read More: Cost of Equity For A Business, Investors

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