Barrett Business Services (BBSI) Expected to Announce Earnings on Wednesday

Barrett Business Services (NASDAQ:BBSI) is projected 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. Investors interested in registering for the company’s conference call can do so using this link.

Barrett Business Services Price Performance

BBSI stock opened at $40.14 on Monday. The firm’s 50-day moving average is $42.86 and its 200 day moving average is $39.87. Barrett Business Services has a 12 month low of $27.89 and a 12 month high of $44.97. The company has a market capitalization of $1.04 billion, a PE ratio of 21.18, a P/E/G ratio of 1.23 and a beta of 1.41.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BBSI. Barrington Research restated an “outperform” rating and set a $45.00 target price on shares of Barrett Business Services in a research note on Wednesday, December 11th. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Roth Mkm upped their price target 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.

Insider Transactions at Barrett Business Services

In other Barrett Business Services news, Director Thomas B. Cusick sold 3,000 shares of Barrett Business Services stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $43.41, for a total value of $130,230.00. Following the sale, the director now owns 27,776 shares of the company’s stock, valued at approximately $1,205,756.16. The trade was a 9.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.70% of the company’s stock.

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.