Barrett Business Services (NASDAQ:BBSI) Issues Earnings Results

Barrett Business Services (NASDAQ:BBSI) released its quarterly earnings data on Tuesday. The business services provider reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.94, Yahoo Finance reports. Barrett Business Services had a net margin of 5.72% and a return on equity of 42.59%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.55 billion.

BBSI opened at $94.75 on Friday. Barrett Business Services has a fifty-two week low of $53.10 and a fifty-two week high of $95.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The company has a fifty day moving average of $87.76 and a two-hundred day moving average of $83.62. The stock has a market capitalization of $643.67 million, a price-to-earnings ratio of 19.03 and a beta of 0.93.

A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Barrett Business Services from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. BidaskClub cut shares of Barrett Business Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 17th. Roth Capital lifted their price objective on shares of Barrett Business Services from $110.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, ValuEngine cut shares of Barrett Business Services from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.

In other news, Director James B. Hicks sold 2,176 shares of Barrett Business Services stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $85.20, for a total value of $185,395.20. Following the sale, the director now owns 17,618 shares in the company, valued at $1,501,053.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Carley sold 3,000 shares of Barrett Business Services stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $88.25, for a total transaction of $264,750.00. Following the completion of the sale, the director now owns 24,989 shares in the company, valued at approximately $2,205,279.25. The disclosure for this sale can be found here. Insiders sold 5,376 shares of company stock valued at $467,317 in the last ninety days. 6.80% of the stock is owned by corporate insiders.

Barrett Business Services Company Profile

Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. It develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. The company offers professional employer services under which it enters into a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers' compensation coverage, and other administration functions for the client's existing workforce.

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Earnings History for Barrett Business Services (NASDAQ:BBSI)

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