Sidoti Equities Analysts Reduce Earnings Estimates for BBSI

Barrett Business Services, Inc. (NASDAQ:BBSI) – Stock analysts at Sidoti dropped their Q1 2027 earnings per share estimates for shares of Barrett Business Services in a research report issued to clients and investors on Thursday, August 6th. Sidoti analyst M. Riddick now forecasts that the business services provider will post earnings per share of ($0.19) for the quarter, down from their previous estimate of ($0.09). The consensus estimate for Barrett Business Services’ current full-year earnings is $1.68 per share. Sidoti also issued estimates for Barrett Business Services’ FY2027 earnings at $2.03 EPS.

Several other equities analysts have also commented on the company. Zacks Research raised Barrett Business Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Barrington Research set a $44.00 price objective on Barrett Business Services in a report on Thursday. Citigroup reissued an “outperform” rating on shares of Barrett Business Services in a research report on Thursday. Wall Street Zen upgraded Barrett Business Services from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings raised Barrett Business Services from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Barrett Business Services presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Barrett Business Services Trading Down 2.7%

Shares of NASDAQ:BBSI opened at $32.29 on Monday. Barrett Business Services has a 52 week low of $25.33 and a 52 week high of $49.65. The company’s 50 day moving average is $36.52 and its two-hundred day moving average is $33.00. The company has a market cap of $782.71 million, a PE ratio of 23.74, a P/E/G ratio of 1.23 and a beta of 0.94.

Barrett Business Services (NASDAQ:BBSI) last released its earnings results on Wednesday, August 5th. The business services provider reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). Barrett Business Services had a return on equity of 20.95% and a net margin of 2.77%.The firm had revenue of $319.27 million for the quarter, compared to analysts’ expectations of $321.55 million.

Barrett Business Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.32 annualized dividend and a dividend yield of 1.0%. Barrett Business Services’s dividend payout ratio (DPR) is presently 23.53%.

Insider Transactions at Barrett Business Services

In other news, Director Anthony Meeker sold 12,000 shares of Barrett Business Services stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $37.85, for a total transaction of $454,200.00. Following the sale, the director owned 44,945 shares in the company, valued at approximately $1,701,168.25. The trade was a 21.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James R. Potts sold 3,490 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $38.00, for a total value of $132,620.00. Following the completion of the sale, the executive vice president directly owned 32,035 shares of the company’s stock, valued at $1,217,330. The trade was a 9.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 20,779 shares of company stock worth $786,233 in the last quarter. Insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Barrett Business Services

A number of institutional investors have recently modified their holdings of the business. Tieton Capital Management LLC purchased a new stake in Barrett Business Services in the 2nd quarter valued at $11,345,000. BlackRock Inc. purchased a new position in Barrett Business Services during the 2nd quarter worth $72,793,000. Deutsche Bank AG purchased a new position in Barrett Business Services during the 2nd quarter worth $900,000. Crown Advisors Management Inc. acquired a new position in Barrett Business Services in the second quarter valued at $2,131,000. Finally, Bank of New York Mellon Corp acquired a new position in Barrett Business Services in the second quarter valued at $6,015,000. 86.76% of the stock is owned by institutional investors and hedge funds.

About Barrett Business Services

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.