Barrett Business Services, Inc. (BBSI) to Issue Quarterly Dividend of $0.08 on June 5th

Barrett Business Services, Inc. (NASDAQ:BBSI) announced a quarterly dividend on Monday, May 4th. Investors of record on Friday, May 22nd will be given a dividend of 0.08 per share by the business services provider on Friday, June 5th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, May 22nd.

Barrett Business Services has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Barrett Business Services has a dividend payout ratio of 13.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Barrett Business Services to earn $2.22 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 14.4%.

Barrett Business Services Price Performance

Barrett Business Services stock opened at $30.90 on Wednesday. The company has a market capitalization of $758.90 million, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 1.04 and a beta of 0.97. Barrett Business Services has a 12-month low of $25.33 and a 12-month high of $49.65. The firm’s fifty day moving average price is $29.34 and its 200 day moving average price is $33.31.

Barrett Business Services (NASDAQ:BBSI) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.02. The company had revenue of $307.01 million during the quarter, compared to analyst estimates of $306.68 million. Barrett Business Services had a net margin of 3.24% and a return on equity of 22.89%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS. Analysts forecast that Barrett Business Services will post 1.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BBSI shares. Barrington Research reissued an “outperform” rating and set a $41.00 price objective on shares of Barrett Business Services in a report on Monday, April 27th. Zacks Research raised shares of Barrett Business Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Roth Mkm decreased their price target on shares of Barrett Business Services from $54.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Weiss Ratings lowered shares of Barrett Business Services from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Finally, Wall Street Zen lowered shares of Barrett Business Services from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.50.

Barrett Business Services Company Profile

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.