Barrett Business Services (BBSI) Announces Quarterly Earnings, Beats Estimates By $0.01 EPS
Barrett Business Services (NASDAQ:BBSI) announced its earnings results on Tuesday. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.01, Analyst Ratings News reports. The company had revenue of $779.30 million for the quarter, compared to the consensus estimate of $779.00 million.
Shares of Barrett Business Services (NASDAQ:BBSI) traded up 0.74% during mid-day trading on Tuesday, hitting $77.83. The stock had a trading volume of 134,622 shares. Barrett Business Services has a 52-week low of $38.15 and a 52-week high of $102.20. The stock’s 50-day moving average is $90.75 and its 200-day moving average is $77.76. The company has a market cap of $557.7 million and a P/E ratio of 31.33.
On a related note, analysts at Zacks downgraded shares of Barrett Business Services from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $100.10 price target on the stock.
Barrett Business Services, Inc is a provider of business management solutions, combining human resource outsourcing and professional management consulting.
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