Barrett Business Services (NASDAQ:BBSI – Get Free Report) announced its quarterly earnings data on Wednesday. The business services provider reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.29, Zacks reports. The firm had revenue of $265.78 million during the quarter, compared to the consensus estimate of $1.88 billion. Barrett Business Services had a return on equity of 27.69% and a net margin of 4.73%. During the same quarter in the previous year, the company posted $0.12 earnings per share.
Barrett Business Services Trading Down 2.8 %
NASDAQ BBSI traded down $3.46 on Thursday, hitting $118.97. The company’s stock had a trading volume of 21,625 shares, compared to its average volume of 29,867. Barrett Business Services has a 52-week low of $76.22 and a 52-week high of $130.00. The firm has a market cap of $778.06 million, a P/E ratio of 15.42, a PEG ratio of 1.12 and a beta of 1.37. The company’s 50-day simple moving average is $121.36 and its 200 day simple moving average is $112.94.
Barrett Business Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, March 14th. Barrett Business Services’s payout ratio is 16.15%.
Analyst Upgrades and Downgrades
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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.
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