Barrett Business Services (BBSI) Given News Sentiment Rating of 0.15
News articles about Barrett Business Services (NASDAQ:BBSI) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Barrett Business Services earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 46.2306100267732 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- TheStreet Upgrades Barrett Business Services, Inc. (NASDAQ:BBSI) to B- (americanbankingnews.com)
- Edited Transcript of BBSI earnings conference call or presentation 9-Aug-17 4:00pm GMT (finance.yahoo.com)
- Barrett’s revenue rises 11% in Q1; same-customer sales lag average (www2.staffingindustry.com)
- Barrett Business Services, Inc. (BBSI) Releases Earnings Results (americanbankingnews.com)
- Barrett Business Services : posts 2Q profit (4-traders.com)
Shares of Barrett Business Services (BBSI) traded down 0.38% during midday trading on Friday, hitting $49.70. 60,762 shares of the stock traded hands. The firm’s 50 day moving average price is $55.89 and its 200 day moving average price is $57.44. The company has a market capitalization of $362.56 million, a PE ratio of 20.02 and a beta of 1.34. Barrett Business Services has a 12-month low of $41.99 and a 12-month high of $66.93.
Barrett Business Services (NASDAQ:BBSI) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $1.47 earnings per share (EPS) for the quarter. Barrett Business Services had a return on equity of 33.55% and a net margin of 2.06%. The company had revenue of $1.30 billion for the quarter. Analysts expect that Barrett Business Services will post $3.43 EPS for the current year.
Several brokerages have commented on BBSI. TheStreet upgraded Barrett Business Services from a “c” rating to a “b-” rating in a report on Wednesday. BidaskClub downgraded Barrett Business Services from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd.
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In other news, Director Anthony Meeker sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $58.11, for a total transaction of $58,110.00. Following the sale, the director now owns 11,473 shares in the company, valued at approximately $666,696.03. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 6.00% of the company’s stock.
About Barrett Business Services
Barrett Business Services, Inc (BBSI) is a provider of business management solutions for small and mid-sized companies. The Company has developed 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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