Barrett Business Services (BBSI) to Release Quarterly Earnings on Wednesday

Barrett Business Services (NASDAQ:BBSI - Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Barrett Business Services to post earnings of $0.69 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. The business had revenue of $279.60 million during the quarter, compared to analysts' expectations of $273.13 million. Barrett Business Services had a net margin of 4.50% and a return on equity of 25.69%. Barrett Business Services's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 earnings per share. On average, analysts expect Barrett Business Services to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Barrett Business Services Stock Performance

Shares of Barrett Business Services stock traded down $0.09 during midday trading on Wednesday, hitting $37.12. 25,711 shares of the company traded hands, compared to its average volume of 134,941. The firm's fifty day moving average price is $36.52 and its 200-day moving average price is $34.15. The stock has a market cap of $971.32 million, a price-to-earnings ratio of 20.43, a PEG ratio of 1.24 and a beta of 1.38. Barrett Business Services has a 12 month low of $21.95 and a 12 month high of $38.07.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BBSI. Roth Mkm lifted their price objective on Barrett Business Services from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Barrington Research reissued an "outperform" rating and issued a $41.00 price objective on shares of Barrett Business Services in a research report on Tuesday.

Insider Buying and Selling at Barrett Business Services

In other Barrett Business Services news, CEO Gary Kramer sold 34,288 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $35.05, for a total value of $1,201,794.40. Following the completion of the sale, the chief executive officer now owns 242,543 shares in the company, valued at approximately $8,501,132.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 35,133 shares of company stock valued at $1,231,357 in the last quarter. Company insiders own 3.70% 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.