Barrett Business Services (BBSI) Expected to Announce Quarterly Earnings on Wednesday

Barrett Business Services (NASDAQ:BBSI) is expected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Barrett Business Services to post earnings of $0.62 per share and revenue of $293.65 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Barrett Business Services Trading Down 1.7 %

Barrett Business Services stock opened at $40.14 on Monday. The stock has a fifty day moving average price of $42.86 and a 200 day moving average price of $39.87. Barrett Business Services has a 52 week low of $27.89 and a 52 week high of $44.97. The firm has a market capitalization of $1.04 billion, a P/E ratio of 21.18, a PEG ratio of 1.23 and a beta of 1.41.

Insider Transactions at Barrett Business Services

In other Barrett Business Services news, Director Thomas B. Cusick sold 3,000 shares of Barrett Business Services stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $43.41, for a total transaction of $130,230.00. Following the sale, the director now owns 27,776 shares of the company’s stock, valued at $1,205,756.16. The trade was a 9.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

BBSI has been the subject of a number of research analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Barrett Business Services in a research note on Wednesday, December 11th. Roth Mkm increased their target price on Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th.

Barrett Business Services Company Profile

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.