Barrett Business Services, Inc. (NASDAQ:BBSI) Plans $0.08 Quarterly Dividend

Barrett Business Services, Inc. (NASDAQ:BBSI) declared a quarterly dividend on Wednesday, November 5th. Shareholders of record on Friday, November 21st will be given a dividend of 0.08 per share by the business services provider on Friday, December 5th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 21st.

Barrett Business Services has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Barrett Business Services has a payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Barrett Business Services to earn $2.21 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 14.5%.

Barrett Business Services Price Performance

BBSI opened at $40.72 on Thursday. The stock has a fifty day simple moving average of $44.46 and a two-hundred day simple moving average of $43.59. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.35. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 1.31 and a beta of 1.00. Barrett Business Services has a 12-month low of $37.46 and a 12-month high of $49.65.

Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Wednesday, November 5th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.02). The firm had revenue of $318.95 million during the quarter, compared to the consensus estimate of $319.27 million. Barrett Business Services had a return on equity of 24.59% and a net margin of 4.49%.Barrett Business Services’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 EPS. Research analysts predict that Barrett Business Services will post 2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BBSI. Wall Street Zen cut Barrett Business Services from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Barrett Business Services in a research note on Tuesday, October 14th. Finally, Barrington Research reissued an “outperform” rating and issued a $49.00 target price on shares of Barrett Business Services in a research note on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $47.00.

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.