Barrett Business Services (BBSI) Announces Quarterly Earnings, Beats Estimates By $0.05 EPS
Barrett Business Services (NASDAQ:BBSI) released its earnings data on Wednesday. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05, AR Network reports.
Shares of Barrett Business Services (NASDAQ:BBSI) traded up 10.98% during mid-day trading on Wednesday, hitting $56.31. 96,718 shares of the company’s stock traded hands. Barrett Business Services has a 1-year low of $41.96 and a 1-year high of $102.20. The stock’s 50-day moving average is $50.51 and its 200-day moving average is $59.31. The company has a market cap of $404.0 million and a P/E ratio of 22.39.
A number of analysts have recently weighed in on BBSI shares. Analysts at Lake Street Capital initiated coverage on shares of Barrett Business Services in a research note on Wednesday, July 2nd. They set a “buy” rating and a $75.00 price target on the stock. On a related note, analysts at Zacks upgraded shares of Barrett Business Services from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $48.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Barrett Business Services from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 13th. They now have a $46.30 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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