Barrett Business Services (NASDAQ:BBSI - Get Free Report) issued its quarterly earnings results on Wednesday. The business services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01, Zacks reports. Barrett Business Services had a net margin of 4.55% and a return on equity of 25.28%.
Shares of NASDAQ:BBSI traded up $0.15 during trading hours on Wednesday, hitting $40.50. 209,587 shares of the company's stock traded hands, compared to its average volume of 98,354. The firm has a market capitalization of $1.05 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 1.21 and a beta of 1.41. The business has a fifty day moving average price of $42.69 and a 200-day moving average price of $39.95. Barrett Business Services has a 1 year low of $28.42 and a 1 year high of $44.97.
Several research firms recently weighed in on BBSI. Roth Mkm lifted their target price on Barrett Business Services from $43.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Barrington Research reissued an "outperform" rating and issued a $45.00 target price on shares of Barrett Business Services in a report on Wednesday, December 11th. Finally, StockNews.com upgraded shares of Barrett Business Services from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th.
Read Our Latest Stock Report on Barrett Business Services
In other Barrett Business Services news, Director Thomas B. Cusick sold 3,000 shares of the company's stock in a transaction 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 transaction, the director now owns 27,776 shares of the company's stock, valued at $1,205,756.16. This represents a 9.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.70% of the company's stock.
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.
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