Q1 EPS Estimates for Barrett Business Services Cut by Sidoti

Barrett Business Services, Inc. (NASDAQ:BBSI) – Sidoti cut their Q1 2027 EPS estimates for shares of Barrett Business Services in a research report issued on Thursday, August 6th. Sidoti analyst M. Riddick now forecasts that the business services provider will post earnings of ($0.19) per share for the quarter, down from their previous estimate of ($0.09). The consensus estimate for Barrett Business Services’ current full-year earnings is $1.68 per share. Sidoti also issued estimates for Barrett Business Services’ FY2027 earnings at $2.03 EPS.

Several other equities analysts have also issued reports on the company. Weiss Ratings raised Barrett Business Services from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Citigroup reissued an “outperform” rating on shares of Barrett Business Services in a research report on Thursday, August 6th. Roth Capital downgraded Barrett Business Services from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $42.00 to $38.00 in a research note on Thursday, August 6th. Zacks Research lowered Barrett Business Services from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded Barrett Business Services from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Barrett Business Services Price Performance

Shares of BBSI opened at $31.39 on Monday. Barrett Business Services has a 1-year low of $25.33 and a 1-year high of $49.65. The stock has a market cap of $760.89 million, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.20 and a beta of 0.94. The firm has a fifty day moving average price of $36.48 and a 200 day moving average price of $32.96.

Barrett Business Services (NASDAQ:BBSI) last issued its earnings results on Wednesday, August 5th. The business services provider reported $0.52 earnings per share (EPS) 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 20.95%. The company had revenue of $319.27 million during the quarter, compared to analyst estimates of $321.55 million.

Hedge Funds Weigh In On Barrett Business Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new position in Barrett Business Services during the 4th quarter worth $39,000. Bard Associates Inc. acquired a new position in shares of Barrett Business Services during the fourth quarter worth about $50,000. Farther Finance Advisors LLC increased its stake in shares of Barrett Business Services by 63.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the business services provider’s stock worth $53,000 after acquiring an additional 563 shares during the period. Tripletail Wealth Management LLC raised its holdings in Barrett Business Services by 152.6% during the fourth quarter. Tripletail Wealth Management LLC now owns 1,920 shares of the business services provider’s stock worth $70,000 after purchasing an additional 1,160 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Barrett Business Services by 270.2% during the second quarter. NewEdge Advisors LLC now owns 1,999 shares of the business services provider’s stock worth $83,000 after purchasing an additional 1,459 shares in the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Barrett Business Services news, Director Anthony Meeker sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $37.85, for a total transaction of $454,200.00. Following the completion of the sale, the director directly owned 44,945 shares of the company’s stock, valued at $1,701,168.25. This represents a 21.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James R. Potts sold 3,490 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $38.00, for a total value of $132,620.00. Following the sale, the executive vice president directly owned 32,035 shares of the company’s stock, valued at $1,217,330. The trade was a 9.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 20,779 shares of company stock worth $786,233 in the last 90 days. 4.80% of the stock is currently owned by insiders.

Barrett Business Services Dividend Announcement

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

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.