Barrett Business Services Q1 Earnings Forecast Cut by Sidoti

Key Points

• Sidoti cut its Q1 2027 EPS estimate to a loss of $0.24 per share from a projected loss of $0.19. The analyst forecasts $1.56 EPS for FY2027 and $1.96 for FY2028.
• In its latest reported quarter, Barrett Business Services earned $0.69 per share, matching consensus, while revenue of $334.06 million fell short of the $335.89 million estimate.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $41. The company also declared a quarterly dividend of $0.08 per share.

Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) - Investment analysts at Sidoti lowered their Q1 2027 earnings per share estimates for shares of Barrett Business Services in a research report issued on Thursday, November 5th. Sidoti analyst M. Riddick now expects that the business services provider will earn ($0.24) per share for the quarter, down from their previous estimate of ($0.19). The consensus estimate for Barrett Business Services' current full-year earnings is $1.62 per share. Sidoti also issued estimates for Barrett Business Services' Q4 2027 earnings at $0.45 EPS, FY2027 earnings at $1.56 EPS and FY2028 earnings at $1.96 EPS.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last released its earnings results on Wednesday, November 4th. The business services provider reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. The company had revenue of $334.06 million during the quarter, compared to the consensus estimate of $335.89 million. Barrett Business Services had a return on equity of 19.73% and a net margin of 2.44%.

Other research analysts have also issued research reports about the stock. Citigroup reissued an "outperform" rating on shares of Barrett Business Services in a research note on Thursday, August 6th. Barrington Research set a $44.00 target price on shares of Barrett Business Services in a research note on Thursday, August 6th. Roth Capital lowered shares of Barrett Business Services from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $42.00 to $38.00 in a report on Thursday, August 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Barrett Business Services in a report on Friday, October 9th. 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 investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Barrett Business Services currently has a consensus rating of "Moderate Buy" and an average target price of $41.00.

Barrett Business Services Price Performance

Shares of NASDAQ:BBSI opened at $30.31 on Tuesday. The firm has a market capitalization of $734.71 million, a PE ratio of 19.24, a price-to-earnings-growth ratio of 1.23 and a beta of 0.93. Barrett Business Services has a 1 year low of $25.33 and a 1 year high of $42.25. The firm's 50-day moving average is $32.33 and its two-hundred day moving average is $32.82.

Hedge Funds Weigh In On Barrett Business Services

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Barrett Business Services in the 2nd quarter valued at $72,793,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Barrett Business Services during the 1st quarter worth $8,316,000. Bank of America Corp DE acquired a new position in shares of Barrett Business Services during the second quarter worth $2,333,000. GSA Capital Partners LLP acquired a new position in shares of Barrett Business Services during the second quarter worth $2,401,000. Finally, Sei Investments Co. grew its stake in shares of Barrett Business Services by 102.5% during the first quarter. Sei Investments Co. now owns 168,356 shares of the business services provider's stock worth $4,913,000 after purchasing an additional 85,230 shares in the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Barrett Business Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, November 20th. This represents a $0.32 annualized dividend and a yield of 1.1%. Barrett Business Services's dividend payout ratio is 25.40%.

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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