FY2025 EPS Estimates for BBSI Reduced by Barrington Research

Barrett Business Services, Inc. (NASDAQ:BBSI) – Investment analysts at Barrington Research reduced their FY2025 earnings estimates for Barrett Business Services in a research report issued to clients and investors on Thursday, May 8th. Barrington Research analyst V. Colicchio now expects that the business services provider will earn $2.10 per share for the year, down from their prior estimate of $2.17. Barrington Research currently has a “Outperform” rating and a $45.00 price objective on the stock. The consensus estimate for Barrett Business Services’ current full-year earnings is $2.00 per share.

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

Separately, StockNews.com raised Barrett Business Services from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 8th.

Barrett Business Services Stock Performance

BBSI stock opened at $41.71 on Monday. Barrett Business Services has a 1 year low of $30.68 and a 1 year high of $44.97. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 1.21 and a beta of 1.02. The stock’s fifty day moving average is $40.44 and its two-hundred day moving average is $41.50.

Hedge Funds Weigh In On Barrett Business Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBSI. Thrivent Financial for Lutherans raised its stake in shares of Barrett Business Services by 272.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,631,644 shares of the business services provider’s stock worth $70,879,000 after buying an additional 1,193,839 shares in the last quarter. Nuveen LLC acquired a new position in Barrett Business Services during the first quarter worth about $12,999,000. Mawer Investment Management Ltd. raised its position in Barrett Business Services by 15.1% in the fourth quarter. Mawer Investment Management Ltd. now owns 2,110,550 shares of the business services provider’s stock worth $91,682,000 after acquiring an additional 276,098 shares in the last quarter. 4D Advisors LLC acquired a new stake in Barrett Business Services in the 4th quarter valued at about $5,430,000. Finally, Norges Bank bought a new position in shares of Barrett Business Services during the 4th quarter valued at about $3,849,000. 86.76% of the stock is 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. Investors of record on Friday, May 23rd will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, May 23rd. This represents a $0.32 annualized dividend and a yield of 0.77%. 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.