Sidoti Has Pessimistic Opinion of BBSI Q1 Earnings

Barrett Business Services, Inc. (NASDAQ:BBSI) – Sidoti dropped their Q1 2027 earnings per share estimates for shares of Barrett Business Services in a research report issued to clients and investors on Thursday, November 5th. Sidoti analyst M. Riddick now forecasts that the business services provider will post earnings per share of ($0.24) for the quarter, down from their previous estimate of ($0.19). The consensus estimate for Barrett Business Services’ current full-year earnings is $1.62 per share. Sidoti also issued estimates for Barrett Business Services’ Q4 2027 earnings at $0.45 EPS, FY2027 earnings at $1.56 EPS and FY2028 earnings at $1.96 EPS.

Other analysts also recently issued research reports about the stock. Zacks Research upgraded shares of Barrett Business Services from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Citigroup reaffirmed an “outperform” rating on shares of Barrett Business Services in a research report on Thursday, August 6th. Roth Capital downgraded shares of Barrett Business Services from a “buy” rating to a “neutral” rating and dropped their target price for the company from $42.00 to $38.00 in a research report on Thursday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Barrett Business Services in a research note on Friday, October 9th. Finally, Barrington Research set a $44.00 price target on shares of Barrett Business Services in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Barrett Business Services Stock Up 1.3%

Shares of Barrett Business Services stock opened at $30.31 on Tuesday. The firm has a market capitalization of $734.71 million, a P/E ratio of 19.24, a P/E/G ratio of 1.23 and a beta of 0.93. Barrett Business Services has a 52 week low of $25.33 and a 52 week high of $42.25. The firm’s 50 day moving average is $32.33 and its two-hundred day moving average is $32.82.

Barrett Business Services (NASDAQ:BBSI) last announced its quarterly earnings results on Wednesday, November 4th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.69. The firm had revenue of $334.06 million during the quarter, compared to the consensus estimate of $335.89 million. Barrett Business Services had a return on equity of 19.73% and a net margin of 2.44%.

Barrett Business Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 20th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, November 20th. Barrett Business Services’s dividend payout ratio (DPR) is currently 25.40%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Barrett Business Services in the second quarter valued at approximately $72,793,000. Heartland Advisors Inc. acquired a new stake in shares of Barrett Business Services in the second quarter valued at approximately $15,984,000. Tieton Capital Management LLC acquired a new stake in shares of Barrett Business Services in the second quarter valued at approximately $11,345,000. Polar Asset Management Partners Inc. purchased a new position in shares of Barrett Business Services during the first quarter worth approximately $8,316,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Barrett Business Services during the second quarter worth approximately $6,015,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

About Barrett Business Services

Barrett Business Services, Inc (BBSI) provides business management solutions for small and mid-sized companies in the United States. Its services are designed to help clients manage administrative responsibilities and improve operational efficiency while allowing them to focus on their core businesses.

The company operates primarily through a professional employer organization (PEO) model, providing payroll administration, human resources support, employee benefits administration, workers’ compensation services, and risk management.