Roth Capital Has Pessimistic Outlook of BBSI FY2025 Earnings

Barrett Business Services, Inc. (NASDAQ:BBSI) – Equities research analysts at Roth Capital dropped their FY2025 earnings per share estimates for Barrett Business Services in a research note issued on Thursday, February 27th. Roth Capital analyst J. Martin now forecasts that the business services provider will post earnings per share of $2.11 for the year, down from their previous forecast of $2.25. The consensus estimate for Barrett Business Services’ current full-year earnings is $2.00 per share.

Other equities analysts also recently issued research reports about the company. Roth Mkm raised their target price on Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. StockNews.com cut Barrett Business Services from a “buy” rating to a “hold” rating in a report on Thursday. Finally, 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.

Barrett Business Services Price Performance

NASDAQ BBSI opened at $40.25 on Friday. The company has a market cap of $1.04 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 1.21 and a beta of 1.41. The stock’s 50 day simple moving average is $42.58 and its 200-day simple moving average is $39.99. Barrett Business Services has a 1-year low of $28.42 and a 1-year high of $44.97.

Institutional Investors Weigh In On Barrett Business Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp acquired a new stake in Barrett Business Services during the fourth quarter worth $913,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Barrett Business Services by 38.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,727 shares of the business services provider’s stock worth $2,942,000 after acquiring an additional 18,900 shares during the last quarter. Two Sigma Advisers LP increased its stake in Barrett Business Services by 4.5% during the fourth quarter. Two Sigma Advisers LP now owns 6,900 shares of the business services provider’s stock worth $300,000 after acquiring an additional 300 shares during the last quarter. Two Sigma Investments LP acquired a new stake in Barrett Business Services during the fourth quarter worth $353,000. Finally, ProShare Advisors LLC acquired a new stake in Barrett Business Services during the fourth quarter worth $313,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Insider Activity at Barrett Business Services

In related news, Director Thomas B. Cusick sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $43.41, for a total value of $130,230.00. Following the completion of the sale, the director now owns 27,776 shares of the company’s stock, valued at approximately $1,205,756.16. This trade represents a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.70% of the company’s stock.

Barrett Business Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.08 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. Barrett Business Services’s dividend payout ratio is presently 16.93%.

About Barrett Business Services

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.