Roth Capital Has Pessimistic Outlook of BBSI FY2025 Earnings

Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) - Equities researchers at Roth Capital decreased their FY2025 earnings per share (EPS) estimates for shares of Barrett Business Services in a report released on Thursday, February 27th. Roth Capital analyst J. Martin now anticipates that the business services provider will post earnings per share of $2.11 for the year, down from their previous estimate of $2.25. The consensus estimate for Barrett Business Services' current full-year earnings is $2.00 per share.

A number of other research firms have also commented on BBSI. Barrington Research reaffirmed an "outperform" rating and issued a $45.00 price target on shares of Barrett Business Services in a report on Wednesday, December 11th. Roth Mkm raised their price target on shares of Barrett Business Services from $43.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, StockNews.com downgraded Barrett Business Services from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th.

Barrett Business Services Price Performance

NASDAQ:BBSI traded down $1.18 on Friday, reaching $39.00. 142,212 shares of the company's stock were exchanged, compared to its average volume of 104,561. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 1.21 and a beta of 1.41. The stock has a fifty day simple moving average of $42.54 and a 200-day simple moving average of $40.09. Barrett Business Services has a 52 week low of $28.42 and a 52 week high of $44.97.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC increased its position in shares of Barrett Business Services by 42.9% in the third quarter. Barclays PLC now owns 61,332 shares of the business services provider's stock valued at $2,300,000 after acquiring an additional 18,414 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Barrett Business Services by 19.3% during the third quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider's stock valued at $20,500,000 after buying an additional 88,350 shares during the period. Mawer Investment Management Ltd. raised its holdings in shares of Barrett Business Services by 236.4% during the third quarter. Mawer Investment Management Ltd. now owns 1,834,452 shares of the business services provider's stock valued at $68,810,000 after acquiring an additional 1,289,147 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Barrett Business Services by 4.8% in the third quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider's stock valued at $26,471,000 after acquiring an additional 32,632 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Barrett Business Services by 29.7% during the 3rd quarter. Principal Financial Group Inc. now owns 17,300 shares of the business services provider's stock valued at $649,000 after purchasing an additional 3,960 shares during the period. Institutional investors own 86.76% of the company's stock.

Barrett Business Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, March 14th. Barrett Business Services's dividend payout ratio (DPR) is presently 16.08%.

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.