Barrett Business Services, Inc. (BBSI) To Go Ex-Dividend on November 21st

Barrett Business Services, Inc. (NASDAQ:BBSI) announced a quarterly dividend on Monday, November 3rd. Stockholders of record on Friday, November 21st will be paid a dividend of 0.08 per share by the business services provider on Friday, December 5th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 21st.

Barrett Business Services has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 1 years. Barrett Business Services has a payout ratio of 13.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Barrett Business Services to earn $2.21 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 14.5%.

Barrett Business Services Stock Performance

Shares of BBSI stock opened at $35.71 on Wednesday. The business has a fifty day moving average of $42.03 and a 200 day moving average of $43.26. Barrett Business Services has a 1 year low of $33.01 and a 1 year high of $49.65. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $915.07 million, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 1.31 and a beta of 1.00.

Barrett Business Services (NASDAQ:BBSI) last announced its quarterly earnings data on Wednesday, November 5th. The business services provider reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.02). The firm had revenue of $318.95 million during the quarter, compared to analyst estimates of $319.27 million. Barrett Business Services had a net margin of 4.49% and a return on equity of 24.59%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. As a group, research analysts expect that Barrett Business Services will post 2 earnings per share for the current year.

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.