Media coverage about Barrett Business Services (NASDAQ:BBSI) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Barrett Business Services earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 45.6326077441766 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern’s analysis:
A number of brokerages recently issued reports on BBSI. BidaskClub lowered shares of Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Roth Capital reiterated a “buy” rating and set a $105.00 price target on shares of Barrett Business Services in a research note on Wednesday, March 7th. Finally, ValuEngine upgraded shares of Barrett Business Services from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd.
BBSI traded up $2.09 during trading on Tuesday, reaching $88.84. 2,584 shares of the company’s stock were exchanged, compared to its average volume of 50,322. Barrett Business Services has a fifty-two week low of $44.52 and a fifty-two week high of $89.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $628.85, a P/E ratio of 26.52 and a beta of 1.20.
Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.24. Barrett Business Services had a net margin of 2.73% and a return on equity of 34.14%. The firm had revenue of $1.43 billion for the quarter. equities research analysts expect that Barrett Business Services will post 4.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were paid a $0.25 dividend. The ex-dividend date was Thursday, March 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.13%. Barrett Business Services’s dividend payout ratio is presently 30.03%.
In other news, Director Jon L. Justesen sold 4,000 shares of the business’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $86.00, for a total value of $344,000.00. Following the sale, the director now owns 15,218 shares in the company, valued at approximately $1,308,748. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.30% of the stock is currently owned by 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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