Barrett Business Services (NASDAQ:BBSI) updated its FY 2018 earnings guidance on Tuesday. The company provided earnings per share guidance of $4.31-4.31 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.28.
A number of research firms have weighed in on BBSI. Zacks Investment Research cut shares of Barrett Business Services from a hold rating to a sell rating in a report on Friday, August 10th. ValuEngine cut shares of Barrett Business Services from a buy rating to a hold rating in a report on Wednesday, August 8th. BidaskClub raised shares of Barrett Business Services from a sell rating to a hold rating in a report on Thursday, September 27th. Finally, Sidoti began coverage on shares of Barrett Business Services in a report on Tuesday, October 9th. They issued a buy rating and a $95.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Barrett Business Services has an average rating of Hold and a consensus target price of $97.50.
BBSI traded up $5.23 on Wednesday, reaching $73.06. The stock had a trading volume of 63,100 shares, compared to its average volume of 45,000. Barrett Business Services has a 12-month low of $56.10 and a 12-month high of $98.76. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $491.86 million, a price-to-earnings ratio of 21.94 and a beta of 0.53.
Barrett Business Services (NASDAQ:BBSI) last released its earnings results on Tuesday, November 6th. The business services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.29. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Barrett Business Services had a net margin of 2.91% and a return on equity of 33.22%. On average, equities research analysts forecast that Barrett Business Services will post 4.27 earnings per share for the current year.
In other news, Director Anthony Meeker sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $66.88, for a total transaction of $66,880.00. Following the completion of the sale, the director now owns 11,894 shares of the company’s stock, valued at $795,470.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.60% of the stock is owned by insiders.
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Barrett Business Services Company Profile
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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