Barrett Business Services, Inc. (NASDAQ:BBSI) Shareholders to Get $0.08 Quarterly Dividend

Key Points

• Barrett Business Services declared a quarterly dividend of $0.08 per share, payable December 4 to shareholders of record November 20. That equals $0.32 annualized and a 1.0% yield.
• The dividend appears well covered: the current payout ratio is 13%, and analysts expect next year’s earnings to support an estimated payout ratio of 15.9%.
• BBSI reported quarterly earnings of $0.69 per share, matching consensus, while revenue of $334.06 million came in slightly below estimates. Analysts’ average rating is “Moderate Buy,” with a consensus price target of $41.

Barrett Business Services, Inc. (NASDAQ:BBSI - Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.08 per share by the business services provider on Friday, December 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, November 20th.

Barrett Business Services has a dividend payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Barrett Business Services to earn $2.01 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 15.9%.

Barrett Business Services Trading Up 1.1%

Shares of BBSI opened at $33.10 on Thursday. Barrett Business Services has a 12 month low of $25.33 and a 12 month high of $42.25. The stock has a fifty day moving average price of $32.57 and a 200-day moving average price of $32.94. The firm has a market cap of $802.34 million, a PE ratio of 24.34, a P/E/G ratio of 1.22 and a beta of 0.93.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last announced its earnings results on Wednesday, November 4th. The business services provider reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. Barrett Business Services had a return on equity of 20.95% and a net margin of 2.77%. The firm had revenue of $334.06 million for the quarter, compared to the consensus estimate of $335.89 million. As a group, research analysts forecast that Barrett Business Services will post 1.68 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on BBSI. Citigroup reiterated an "outperform" rating on shares of Barrett Business Services in a research note on Thursday, August 6th. Barrington Research set a $44.00 price target on Barrett Business Services in a research note on Thursday, August 6th. Weiss Ratings restated a "hold (c)" rating on shares of Barrett Business Services in a report on Friday, October 9th. Roth Capital downgraded shares of Barrett Business Services from a "buy" rating to a "neutral" rating and cut their price objective for the company from $42.00 to $38.00 in a report on Thursday, August 6th. Finally, Zacks Research raised shares of Barrett Business Services from a "strong sell" rating to a "hold" rating in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.00.

Barrett Business Services Company Profile

Barrett Business Services, Inc (BBSI) provides business management solutions for small and mid-sized companies in the United States. Its services are designed to help clients manage administrative responsibilities and improve operational efficiency while allowing them to focus on their core businesses.

The company operates primarily through a professional employer organization (PEO) model, providing payroll administration, human resources support, employee benefits administration, workers' compensation services, and risk management.

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