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

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

Barrett Business Services Stock Performance

BBSI traded down $3.46 during trading on Thursday, hitting $118.97. The stock had a trading volume of 21,625 shares, compared to its average volume of 29,867. The stock has a 50 day simple moving average of $121.36 and a two-hundred day simple moving average of $112.94. Barrett Business Services has a twelve month low of $76.22 and a twelve month high of $130.00. The company has a market capitalization of $778.06 million, a PE ratio of 15.42, a PEG ratio of 1.12 and a beta of 1.37.

Barrett Business Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.01%. Barrett Business Services’s payout ratio is 16.15%.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and set a $141.00 price objective on shares of Barrett Business Services in a research note on Monday, April 22nd.

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.