Revenue Update on Barrett Business Services(NASDAQ:BBSI)

Barrett Business Services(NASDAQ:BBSI) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during After-hours on Jun 22, 2016. Company reported revenue of $190.97M. Analysts estimated a revenue of $1.09B. Earnings per share were $-0.95. Analysts had estimated an EPS of $1.58.

Barrett Business Services (BBSI) shares turned negative on Mondays trading session with the shares closing down -1.45 points or -3.67% at a volume of 1,16,430. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.52. The peak price level was also seen at $39.52 while the days lowest was $37.39. Finally the shares closed at $38.09. The 52-week high of the shares is $53 while the 52-week low is $22.55. According to the latest information available, the market cap of the company is $275 M.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, James B Hicks (director) purchased 73 shares at $48.51 per share price.Also, On May 25, 2016, Jon L Justesen (director) purchased 1,000 shares at $46.81 per share price.On Jun 15, 2015, Gregory R Vaughn (VP & COO–Corporate Operations) sold 5,402 shares at $41.37 per share price, according to the Form-4 filing with the securities and exchange commission.

Barrett Business Services Inc. is a provider of business management solutions for small-and mid-sized companies. The Company has developed a management platform that integrates an approach from the management consulting industry with tools from the human resource outsourcing industry. The Company offers two categories of services: Professional Employer Services (PEO) and Staffing. The Company’s professional employer service fees are generated from client services agreements with its clients; the Company enters into a co-employment arrangement in which it becomes the administrative employer and the client maintains care custody and control of its operations. The Company generates staffing services revenues primarily from short-term staffing contract staffing on-site management and direct placement services. The Company operates through a network of branch offices throughout California Oregon Washington Idaho Arizona Nevada Utah Colorado Maryland Delaware and North Carolina.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *