FY2025 EPS Estimates for BBSI Cut by Barrington Research

Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) - Investment analysts at Barrington Research lowered their FY2025 EPS estimates for Barrett Business Services in a research note issued on Thursday, May 8th. Barrington Research analyst V. Colicchio now forecasts that the business services provider will post earnings per share of $2.10 for the year, down from their prior forecast of $2.17. Barrington Research has a "Outperform" rating and a $45.00 price target on the stock. The consensus estimate for Barrett Business Services' current full-year earnings is $2.00 per share.

Separately, StockNews.com raised shares of Barrett Business Services from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 8th.

Barrett Business Services Trading Down 0.3%

BBSI stock traded down $0.12 during mid-day trading on Monday, reaching $41.59. The company's stock had a trading volume of 173,347 shares, compared to its average volume of 141,125. Barrett Business Services has a 12 month low of $30.68 and a 12 month high of $44.97. The business's 50 day moving average price is $40.44 and its 200 day moving average price is $41.50. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 1.21 and a beta of 1.02.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.09. Barrett Business Services had a return on equity of 25.28% and a net margin of 4.55%. The firm had revenue of $292.60 million during the quarter, compared to analyst estimates of $285.91 million. During the same period last year, the company posted ($0.01) EPS. The business's quarterly revenue was up 10.1% on a year-over-year basis.

Hedge Funds Weigh In On Barrett Business Services

Large investors have recently modified their holdings of the company. Prudent Man Investment Management Inc. bought a new position in shares of Barrett Business Services in the fourth quarter valued at $35,000. Private Trust Co. NA acquired a new position in Barrett Business Services during the 1st quarter valued at about $33,000. Quantbot Technologies LP acquired a new position in Barrett Business Services during the 1st quarter valued at about $75,000. PNC Financial Services Group Inc. increased its holdings in Barrett Business Services by 26.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,309 shares of the business services provider's stock worth $95,000 after purchasing an additional 482 shares in the last quarter. Finally, Virtus Advisers LLC purchased a new stake in shares of Barrett Business Services in the first quarter worth approximately $163,000. 86.76% of the stock is currently owned by institutional investors.

Barrett Business Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, May 23rd. Barrett Business Services's payout ratio is 16.41%.

Barrett Business Services Company Profile

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.