Sidoti Analysts Reduce Earnings Estimates for BBSI

Barrett Business Services, Inc. (NASDAQ:BBSI) – Sidoti dropped their Q3 2026 earnings per share (EPS) estimates for Barrett Business Services in a research report issued to clients and investors on Thursday, August 6th. Sidoti analyst M. Riddick now expects that the business services provider will post earnings per share of $0.69 for the quarter, down from their previous forecast of $0.78. The consensus estimate for Barrett Business Services’ current full-year earnings is $1.88 per share. Sidoti also issued estimates for Barrett Business Services’ Q4 2026 earnings at $0.55 EPS, Q2 2027 earnings at $0.76 EPS, Q3 2027 earnings at $0.85 EPS and Q4 2027 earnings at $0.62 EPS.

Several other equities analysts have also weighed in on BBSI. Roth Capital lowered shares of Barrett Business Services from a “buy” rating to a “neutral” rating and cut their target price for the company from $42.00 to $38.00 in a report on Thursday. Wall Street Zen raised shares of Barrett Business Services from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Citigroup restated an “outperform” rating on shares of Barrett Business Services in a research report on Thursday. Weiss Ratings raised shares of Barrett Business Services from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Finally, Barrington Research set a $44.00 price objective on shares of Barrett Business Services in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Barrett Business Services Trading Down 17.5%

Barrett Business Services stock opened at $33.09 on Friday. Barrett Business Services has a 12 month low of $25.33 and a 12 month high of $49.65. The stock’s 50 day simple moving average is $36.54 and its two-hundred day simple moving average is $33.08. The firm has a market cap of $812.69 million, a PE ratio of 24.33, a P/E/G ratio of 1.34 and a beta of 0.94.

Barrett Business Services (NASDAQ:BBSI) last announced its quarterly earnings results on Wednesday, August 5th. The business services provider reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.04). Barrett Business Services had a net margin of 2.77% and a return on equity of 20.38%. The company had revenue of $319.27 million for the quarter, compared to analysts’ expectations of $321.55 million.

Barrett Business Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Barrett Business Services’s dividend payout ratio is presently 23.53%.

Insider Activity at Barrett Business Services

In other news, EVP James R. Potts sold 3,490 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $38.00, for a total transaction of $132,620.00. Following the completion of the transaction, the executive vice president directly owned 32,035 shares of the company’s stock, valued at $1,217,330. This represents a 9.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Anthony Meeker sold 12,000 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $37.85, for a total value of $454,200.00. Following the transaction, the director owned 44,945 shares in the company, valued at $1,701,168.25. This trade represents a 21.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 20,779 shares of company stock valued at $786,233. Corporate insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Barrett Business Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBSI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Barrett Business Services by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,219 shares of the business services provider’s stock worth $626,000 after purchasing an additional 633 shares in the last quarter. Millennium Management LLC purchased a new position in Barrett Business Services in the 1st quarter valued at about $3,747,000. Jane Street Group LLC acquired a new stake in Barrett Business Services in the 1st quarter worth about $1,732,000. Creative Planning boosted its holdings in Barrett Business Services by 71.8% in the 2nd quarter. Creative Planning now owns 9,778 shares of the business services provider’s stock worth $408,000 after buying an additional 4,085 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Barrett Business Services by 40.8% during the 2nd quarter. American Century Companies Inc. now owns 37,923 shares of the business services provider’s stock worth $1,581,000 after buying an additional 10,994 shares in the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Barrett Business Services

Here are the key news stories impacting Barrett Business Services this week:

• Positive Sentiment: Revenue increased 4% year over year to $319.3 million, while gross billings rose 3% to $2.29 billion. Revenue was broadly in line with expectations, indicating continued underlying business growth. BBSI Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Barrett declared a quarterly dividend of $0.08 per share, payable September 4 to shareholders of record August 21. The dividend equates to $0.32 annually and an indicated yield of approximately 0.8%, providing a modest shareholder return. Barrett Business Services Dividend Announcement
• Neutral Sentiment: Brokerages have set an average price target of $41.50, above the stock’s recent trading level, suggesting analysts see potential upside; however, the target does not offset the immediate earnings disappointment. Brokerages Set BBSI Target Price at $41.50
• Negative Sentiment: Adjusted earnings were $0.52 per share, below the $0.56 consensus estimate and down from $0.70 a year earlier. Revenue of $319.27 million also narrowly missed the $321.55 million forecast, creating concerns about profitability and near-term operating momentum. Barrett Business Services Misses Q2 Earnings and Revenue Estimates

About Barrett Business Services

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.