Barrett Business Services (BBSI) Scheduled to Post 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 interested in participating in 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 (EPS) 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 the consensus estimate 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 quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS. 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 Trading Down 0.6 %

BBSI traded down $0.22 during midday trading on Wednesday, reaching $36.99. The company's stock had a trading volume of 92,496 shares, compared to its average volume of 135,260. The company has a fifty day simple moving average of $36.52 and a 200 day simple moving average of $34.15. The stock has a market cap of $967.92 million, a P/E ratio of 20.43, a PEG ratio of 1.24 and a beta of 1.38. Barrett Business Services has a twelve month low of $21.95 and a twelve month high of $38.07.

Wall Street Analyst Weigh In

BBSI has been the topic of several research reports. Roth Mkm boosted their price target on Barrett Business Services from $40.00 to $43.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Barrington Research reissued an "outperform" rating and set a $41.00 price objective on shares of Barrett Business Services in a report on Tuesday.

Insiders Place Their Bets

In other news, CEO Gary Kramer sold 805 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $35.00, for a total value of $28,175.00. Following the sale, the chief executive officer now directly owns 276,831 shares in the company, valued at approximately $9,689,085. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold a total of 35,133 shares of company stock worth $1,231,357 over 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.