Barrett Business Services, Inc. (NASDAQ:BBSI) Announces $0.08 Quarterly Dividend

Key Points

• Barrett Business Services, Inc. announced a quarterly dividend of $0.08 per share, with the payment scheduled for September 5th to shareholders of record on August 22nd.
• The company's recent earnings report showed an EPS of $0.70, surpassing analysts' estimates of $0.65, and revenue increased by 10% year-over-year to $307.70 million.
• Barrett Business Services has a low dividend payout ratio of 13.0%, indicating strong earnings coverage for its dividends.

Barrett Business Services, Inc. (NASDAQ:BBSI - Get Free Report) declared a quarterly dividend on Monday, August 4th, Wall Street Journal reports. Stockholders of record on Friday, August 22nd will be paid a dividend of 0.08 per share by the business services provider on Friday, September 5th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, August 22nd.

Barrett Business Services has a payout ratio of 13.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Barrett Business Services to earn $2.21 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 14.5%.

Barrett Business Services Stock Down 1.3%

Shares of NASDAQ BBSI traded down $0.63 during trading on Monday, hitting $46.52. 167,173 shares of the company traded hands, compared to its average volume of 172,216. The business's fifty day moving average is $43.30 and its 200 day moving average is $41.84. Barrett Business Services has a fifty-two week low of $34.14 and a fifty-two week high of $48.48. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 1.54 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.25 and a current ratio of 1.25.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.05. Barrett Business Services had a net margin of 4.49% and a return on equity of 24.59%. The firm had revenue of $307.70 million for the quarter, compared to analyst estimates of $299.95 million. During the same quarter in the prior year, the business earned $0.62 earnings per share. The business's quarterly revenue was up 10.0% compared to the same quarter last year. Equities research analysts predict that Barrett Business Services will post 2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BBSI. Barrington Research upped their target price on shares of Barrett Business Services from $45.00 to $49.00 and gave the stock an "outperform" rating in a report on Thursday. Wall Street Zen lowered shares of Barrett Business Services from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th.

About Barrett Business Services

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.