Barrett Business Services (BBSI) Projected to Post Earnings on Wednesday

Barrett Business Services (NASDAQ:BBSI) is anticipated to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Barrett Business Services to post earnings of $0.62 per share and revenue of $293.65 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Barrett Business Services Stock Performance

Shares of Barrett Business Services stock opened at $41.52 on Wednesday. Barrett Business Services has a 52-week low of $27.89 and a 52-week high of $44.97. The company has a fifty day moving average of $43.05 and a 200-day moving average of $39.70. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 1.31 and a beta of 1.41.

Insider Buying and Selling at Barrett Business Services

In other news, Director Thomas B. Cusick sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $43.41, for a total transaction of $130,230.00. Following the completion of the transaction, the director now directly owns 27,776 shares of the company’s stock, valued at approximately $1,205,756.16. This represents a 9.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BBSI shares. Roth Mkm raised their price objective on Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barrington Research restated an “outperform” rating and set a $45.00 target price on shares of Barrett Business Services in a report on Wednesday, December 11th. Finally, StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th.

Barrett Business Services Company Profile

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.