Roth Capital Has Negative Outlook of BBSI FY2024 Earnings

Barrett Business Services, Inc. (NASDAQ:BBSI) – Analysts at Roth Capital dropped their FY2024 earnings per share (EPS) estimates for Barrett Business Services in a report issued on Thursday, November 7th. Roth Capital analyst J. Martin now anticipates that the business services provider will post earnings of $2.02 per share for the year, down from their previous forecast of $2.03. The consensus estimate for Barrett Business Services’ current full-year earnings is $2.00 per share. Roth Capital also issued estimates for Barrett Business Services’ Q4 2024 earnings at $0.66 EPS and Q3 2025 earnings at $0.88 EPS.

BBSI has been the subject of a number of other reports. Barrington Research upped their price objective on Barrett Business Services from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Roth Mkm upped their price target on shares of Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com downgraded shares of Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Monday.

Barrett Business Services Stock Down 0.2 %

BBSI opened at $42.79 on Monday. The company’s 50-day moving average price is $37.18 and its 200 day moving average price is $34.76. Barrett Business Services has a fifty-two week low of $26.06 and a fifty-two week high of $43.18. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 1.39 and a beta of 1.39.

Barrett Business Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, November 22nd. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.93%.

Insider Transactions at Barrett Business Services

In related news, CEO Gary Kramer sold 34,288 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $35.05, for a total transaction of $1,201,794.40. Following the completion of the transaction, the chief executive officer now owns 242,543 shares of the company’s stock, valued at $8,501,132.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BBSI. BNP Paribas Financial Markets lifted its position in shares of Barrett Business Services by 10.3% during the 1st quarter. BNP Paribas Financial Markets now owns 5,462 shares of the business services provider’s stock valued at $692,000 after acquiring an additional 509 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Barrett Business Services by 0.3% during the first quarter. LSV Asset Management now owns 30,072 shares of the business services provider’s stock valued at $3,811,000 after purchasing an additional 100 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of Barrett Business Services by 8.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 42,470 shares of the business services provider’s stock valued at $5,382,000 after purchasing an additional 3,400 shares during the period. Quadrature Capital Ltd increased its stake in Barrett Business Services by 74.4% in the 1st quarter. Quadrature Capital Ltd now owns 10,435 shares of the business services provider’s stock worth $1,318,000 after purchasing an additional 4,450 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Barrett Business Services by 64.4% during the 1st quarter. Lazard Asset Management LLC now owns 2,546 shares of the business services provider’s stock worth $322,000 after buying an additional 997 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.

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.