Sidoti Issues Pessimistic Estimate for BBSI Earnings

Key Points

• Sidoti cut its Q4 2026 EPS forecast for Barrett Business Services to $0.53 from $0.55; its full-year consensus EPS estimate is $1.62.
• BBSI reported quarterly EPS of $0.69, matching expectations, while revenue of $334.06 million fell short of analysts’ $335.89 million estimate.
• Analysts’ consensus rating is Moderate Buy, with a $41 average price target. The company also declared a quarterly dividend of $0.08 per share.

Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) - Investment analysts at Sidoti reduced their Q4 2026 earnings estimates for Barrett Business Services in a note issued to investors on Thursday, November 5th. Sidoti analyst M. Riddick now forecasts that the business services provider will post earnings of $0.53 per share for the quarter, down from their prior forecast of $0.55. The consensus estimate for Barrett Business Services' current full-year earnings is $1.62 per share. Sidoti also issued estimates for Barrett Business Services' Q2 2027 earnings at $0.64 EPS, Q3 2027 earnings at $0.72 EPS, Q1 2028 earnings at ($0.22) EPS, Q2 2028 earnings at $0.76 EPS and Q3 2028 earnings at $0.87 EPS.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The business services provider reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. The company had revenue of $334.06 million during the quarter, compared to analyst estimates of $335.89 million. Barrett Business Services had a net margin of 2.44% and a return on equity of 19.94%.

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

Barrett Business Services Stock Performance

NASDAQ:BBSI opened at $29.91 on Monday. The stock has a market capitalization of $716.64 million, a P/E ratio of 23.74, 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 has a 50 day moving average of $32.41 and a 200-day moving average of $32.85.

Institutional Trading of Barrett Business Services

Several hedge funds have recently modified their holdings of BBSI. Integrated Wealth Concepts LLC bought a new position in Barrett Business Services in the 2nd quarter worth approximately $26,000. GAMMA Investing LLC lifted its holdings in Barrett Business Services by 131.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,206 shares of the business services provider's stock worth $78,000 after buying an additional 1,251 shares in the last quarter. Fifth Third Bancorp boosted its position in Barrett Business Services by 772.6% in the 1st quarter. Fifth Third Bancorp now owns 3,953 shares of the business services provider's stock valued at $115,000 after buying an additional 3,500 shares during the last quarter. State of Wyoming bought a new position in Barrett Business Services in the 2nd quarter valued at $157,000. Finally, The Manufacturers Life Insurance Company bought a new position in Barrett Business Services in the 2nd quarter valued at $223,000. 86.76% of the stock is owned by institutional investors.

Barrett Business Services Announces Dividend

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

About Barrett Business Services

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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