Barrett Business Services (NASDAQ:BBSI) announced its quarterly earnings data on Wednesday. The company reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.03, AnalystRatings.Net reports. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.06 billion.
Barrett Business Services (NASDAQ:BBSI) traded up 0.02% during midday trading on Friday, hitting $49.09. The stock had a trading volume of 66,883 shares. The company has a market cap of $353.50 million and a PE ratio of 16.55. Barrett Business Services has a 12-month low of $19.95 and a 12-month high of $49.79. The firm has a 50-day moving average of $41.49 and a 200-day moving average of $39.67.
Several analysts recently issued reports on BBSI shares. Zacks upgraded Barrett Business Services from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Friday, July 31st. Sidoti assumed coverage on Barrett Business Services in a research note on Wednesday, September 30th. They issued a “buy” rating for the company.
Barrett Business Services, Inc. is a provider of business management alternatives for small-and mid sized businesses. The business has developed a management platform that integrates an approach from the management consulting business with tools from the human resource outsourcing business. The business offers two kinds of services: Professional Employer Services (NASDAQ:BBSI) and Staffing. The business ‘s professional employer service fees are generated from client services deals using its clients; the Company enters into a co-employment arrangement by which it becomes the client and the administrative company keeps care, guardianship and control of its own businesses. Staffing services sales are generated by the business principally from on site management, contract staffing, short-term staffing and direct placement services. The business operates through a network of branch offices throughout Idaho, Oregon, Washington, California, Arizona, Nevada, Utah, Colorado, Maryland, Delaware and North Carolina.document.write(‘‘);