Barrett Business Services (NASDAQ:BBSI - Get Free Report) announced its quarterly earnings data on Wednesday. The business services provider reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.31) by $0.29, Zacks reports. Barrett Business Services had a net margin of 4.73% and a return on equity of 27.69%. The company had revenue of $265.78 million during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business posted $0.12 EPS.
Barrett Business Services Stock Down 2.4 %
Shares of NASDAQ BBSI traded down $2.94 during trading hours on Thursday, hitting $119.49. 52,996 shares of the stock were exchanged, compared to its average volume of 30,256. Barrett Business Services has a 12 month low of $76.22 and a 12 month high of $130.00. The firm has a fifty day moving average price of $121.36 and a 200-day moving average price of $112.94. The company has a market cap 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 Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Thursday, March 14th. Barrett Business Services's dividend payout ratio (DPR) is 16.15%.
Analysts Set New Price Targets
Separately, Barrington Research reissued an "outperform" rating and set a $141.00 target price on shares of Barrett Business Services in a research report on Thursday.
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About Barrett Business Services
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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.
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