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

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

Barrett Business Services Trading Down 2.4 %

BBSI traded down $2.94 during trading hours on Thursday, hitting $119.49. The company’s stock had a trading volume of 52,996 shares, compared to its average volume of 30,256. The company has a 50-day simple moving average of $121.36 and a 200 day simple moving average of $112.94. The firm has a market capitalization of $781.46 million, a PE ratio of 16.04, a PEG ratio of 1.12 and a beta of 1.37. Barrett Business Services has a fifty-two week low of $76.22 and a fifty-two week high of $130.00.

Barrett Business Services Announces Dividend

The firm 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. This represents a $1.20 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Thursday, March 14th. Barrett Business Services’s dividend payout ratio (DPR) is 16.15%.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and set a $141.00 price target on shares of Barrett Business Services in a research 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.