Press coverage about Barrett Business Services (NASDAQ:BBSI) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Barrett Business Services earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 45.0950227323426 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
NASDAQ:BBSI traded down $3.55 during trading hours on Friday, hitting $81.81. 62,049 shares of the company’s stock traded hands, compared to its average volume of 64,743. The firm has a market capitalization of $623.16, a price-to-earnings ratio of 24.57 and a beta of 1.20. Barrett Business Services has a 52 week low of $44.52 and a 52 week high of $89.87. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96.
Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.24. The company had revenue of $1.43 billion during the quarter. Barrett Business Services had a return on equity of 34.14% and a net margin of 2.73%. equities analysts forecast that Barrett Business Services will post 4.54 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.22%. The ex-dividend date was Thursday, March 15th. Barrett Business Services’s dividend payout ratio is 30.03%.
BBSI has been the subject of several research analyst reports. Roth Capital reissued a “buy” rating and set a $105.00 price objective on shares of Barrett Business Services in a research note on Wednesday, March 7th. BidaskClub raised Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Finally, ValuEngine raised Barrett Business Services from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd.
In related news, Director Jon L. Justesen sold 4,000 shares of Barrett Business Services stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $86.00, for a total transaction of $344,000.00. Following the completion of the sale, the director now owns 15,218 shares of the company’s stock, valued at $1,308,748. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.00% of the stock is currently owned by company insiders.
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About Barrett Business Services
Barrett Business Services, Inc provides business management solutions for small and medium-sized companies in the United States. The company has 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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