Zacks: Brokerages Expect Barrett Business Services, Inc. (NASDAQ:BBSI) Will Announce Earnings of $1.87 Per Share
Analysts forecast that Barrett Business enterprise Products and services, Inc. (NASDAQ:BBSI – Get Score) will publish $1.87 earnings for every share for the current quarter, Zacks Investment decision Exploration stories. Two analysts have issued estimates for Barrett Company Services’ earnings, with estimates ranging from $1.85 to $1.88. Barrett Company Solutions posted earnings for each share of $2.24 all through the exact same quarter very last yr, which indicates a unfavorable yr-more than-year expansion rate of 16.5{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. The business enterprise is expected to report its up coming earnings benefits on Monday, January 1st.
On common, analysts anticipate that Barrett Business Providers will report complete year earnings of $5.76 for each share for the present economical yr, with EPS estimates ranging from $5.46 to $6.06. For the up coming yr, analysts foresee that the small business will write-up earnings of $6.06 for every share. Zacks’ EPS calculations are a necessarily mean typical primarily based on a survey of market-facet research analysts that address Barrett Small business Solutions.
Barrett Business enterprise Expert services (NASDAQ:BBSI – Get Rating) final launched its earnings success on Wednesday, Might 4th. The enterprise products and services service provider claimed $.04 EPS for the quarter, topping the consensus estimate of ($.64) by $.68. Barrett Enterprise Services experienced a return on fairness of 20.92{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} and a internet margin of 4.37{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. Throughout the exact interval in the prior calendar year, the small business acquired ($.60) EPS.
Various brokerages have just lately issued stories on BBSI. Barrington Study upped their target price tag on shares of Barrett Business Solutions from $85.00 to $102.00 in a research notice on Thursday. Zacks Expenditure Investigation downgraded Barrett Company Companies from a “buy” score to a “hold” score in a exploration observe on Tuesday, May possibly 3rd. Roth Cash restated a “buy” ranking on shares of Barrett Enterprise Products and services in a investigate take note on Thursday. Ultimately, StockNews.com raised Barrett Business Services from a “buy” ranking to a “strong-buy” rating in a analysis report on Thursday. A person equities study analyst has rated the stock with a hold rating, two have assigned a get rating and one particular has issued a solid get rating to the company’s inventory. According to MarketBeat, the stock presently has an ordinary score of “Buy” and a consensus price tag goal of $96.67.
Institutional traders and hedge resources have just lately modified their holdings of the stock. FMR LLC lifted its holdings in Barrett Organization Companies by 13.7{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} in the 1st quarter. FMR LLC now owns 173,432 shares of the business enterprise companies provider’s inventory valued at $13,411,000 right after buying an additional 20,901 shares all through the time period. Millennium Administration LLC bought a new placement in shares of Barrett Small business Providers in the 2nd quarter truly worth somewhere around $554,000. Wells Fargo & Organization MN lifted its stake in shares of Barrett Business Services by 22.8{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} in the 2nd quarter. Wells Fargo & Enterprise MN now owns 9,943 shares of the small business solutions provider’s stock value $723,000 soon after paying for an supplemental 1,849 shares all through the time period. SG Americas Securities LLC bought a new placement in shares of Barrett Business enterprise Services in the third quarter value somewhere around $444,000. Last but not least, Advisor Group Holdings Inc. grew its situation in Barrett Small business Companies by 5.5{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} all through the third quarter. Advisor Team Holdings Inc. now owns 3,599 shares of the organization services provider’s stock valued at $274,000 soon after buying an supplemental 189 shares all through the period. 81.74{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the inventory is owned by institutional buyers.
Shares of Barrett Business Services stock opened at $76.67 on Friday. Barrett Small business Solutions has a 1 calendar year minimal of $57.76 and a 1 calendar year substantial of $86.82. The firm’s 50-day transferring typical is $74.37 and its 200 working day transferring typical is $71.43. The stock has a market cap of $560.46 million, a rate-to-earnings ratio of 13.59, a PEG ratio of 1.26 and a beta of 1.46.
The corporation also not long ago declared a quarterly dividend, which will be compensated on Friday, June 3rd. Stockholders of history on Friday, May 20th will be issued a dividend of $.30 for each share. The ex-dividend day is Thursday, May possibly 19th. This represents a $1.20 annualized dividend and a dividend produce of 1.57{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. Barrett Small business Services’s payout ratio is 21.28{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}.
About Barrett Small business Providers (Get Ranking)
Barrett Company Services, Inc supplies enterprise management methods for compact and mid-sized companies in the United States. The enterprise develops a administration platform that integrates a awareness-based tactic from the management consulting industry with instruments from the human resource outsourcing market.
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