What is Roth Capital’s Forecast for BBSI FY2024 Earnings?

Barrett Business Services, Inc. (NASDAQ:BBSI) – Roth Capital lowered their FY2024 earnings per share estimates for shares of Barrett Business Services in a research report issued on Thursday, November 7th. Roth Capital analyst J. Martin now forecasts that the business services provider will post earnings per share of $2.02 for the year, down from their previous estimate of $2.03. The consensus estimate for Barrett Business Services’ current full-year earnings is $2.00 per share. Roth Capital also issued estimates for Barrett Business Services’ Q4 2024 earnings at $0.66 EPS and Q3 2025 earnings at $0.88 EPS.

BBSI has been the topic of a number of other reports. StockNews.com cut Barrett Business Services from a “buy” rating to a “hold” rating in a report on Monday. Barrington Research increased their target price on shares of Barrett Business Services from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Roth Mkm raised their price target on shares of Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Barrett Business Services Price Performance

NASDAQ BBSI opened at $42.88 on Monday. The stock has a market capitalization of $1.12 billion, a P/E ratio of 22.63, a P/E/G ratio of 1.39 and a beta of 1.39. The business has a 50 day simple moving average of $37.04 and a 200 day simple moving average of $34.68. Barrett Business Services has a one year low of $26.06 and a one year high of $43.18.

Barrett Business Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.32 annualized dividend and a yield of 0.75%. Barrett Business Services’s payout ratio is 16.89%.

Insider Buying and Selling

In other Barrett Business Services news, CEO Gary Kramer sold 34,288 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $35.05, for a total transaction of $1,201,794.40. Following the transaction, the chief executive officer now directly owns 242,543 shares in the company, valued at approximately $8,501,132.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Barrett Business Services

Hedge funds have recently modified their holdings of the company. Mawer Investment Management Ltd. grew its holdings in shares of Barrett Business Services by 236.4% in the third quarter. Mawer Investment Management Ltd. now owns 1,834,452 shares of the business services provider’s stock valued at $68,810,000 after acquiring an additional 1,289,147 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Barrett Business Services by 281.9% in the second quarter. Dimensional Fund Advisors LP now owns 867,708 shares of the business services provider’s stock worth $28,435,000 after purchasing an additional 640,508 shares during the last quarter. Renaissance Technologies LLC grew its stake in Barrett Business Services by 299.4% in the 2nd quarter. Renaissance Technologies LLC now owns 798,500 shares of the business services provider’s stock valued at $26,167,000 after purchasing an additional 598,567 shares during the period. Thrivent Financial for Lutherans purchased a new stake in shares of Barrett Business Services during the 3rd quarter valued at $16,422,000. Finally, American Century Companies Inc. raised its stake in shares of Barrett Business Services by 155.9% during the 2nd quarter. American Century Companies Inc. now owns 535,896 shares of the business services provider’s stock worth $17,561,000 after purchasing an additional 326,502 shares during the period. Institutional investors own 86.76% 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.