TrueBlue, Inc. (NYSE:TBI) is scheduled to be releasing its earnings data after the market closes on Monday, October 30th. Analysts expect TrueBlue to post earnings of $0.58 per share for the quarter. TrueBlue has set its Q3 guidance at $0.550$0.60 EPS.
TrueBlue (NYSE:TBI) last posted its quarterly earnings results on Monday, July 31st. The business services provider reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $610.10 million for the quarter, compared to the consensus estimate of $610.04 million. TrueBlue had a net margin of 2.27% and a return on equity of 15.18%. The business’s revenue was down 9.3% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. On average, analysts expect TrueBlue to post $1.69 EPS for the current fiscal year and $1.83 EPS for the next fiscal year.
TrueBlue, Inc. (NYSE:TBI) opened at 24.45 on Friday. TrueBlue, Inc. has a 1-year low of $16.50 and a 1-year high of $28.70. The stock has a market capitalization of $1.02 billion, a P/E ratio of 17.27 and a beta of 2.40. The firm’s 50 day moving average is $22.43 and its 200 day moving average is $24.44.
In other TrueBlue news, EVP Wayne W. Larkin sold 10,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $23.00, for a total value of $230,000.00. Following the sale, the executive vice president now owns 52,061 shares in the company, valued at $1,197,403. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.
A number of brokerages recently issued reports on TBI. Zacks Investment Research downgraded TrueBlue from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. ValuEngine downgraded TrueBlue from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird restated a “hold” rating and issued a $25.00 price target on shares of TrueBlue in a research report on Friday, October 6th. TheStreet downgraded TrueBlue from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. Finally, BMO Capital Markets restated a “hold” rating and issued a $23.00 price target on shares of TrueBlue in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. TrueBlue currently has an average rating of “Hold” and an average target price of $22.00.
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TrueBlue Company Profile
TrueBlue, Inc is a provider of specialized workforce solutions. The Company is engaged in providing staffing, on-site workforce management and recruitment process outsourcing services. The Company operates through three segments: PeopleReady, PeopleManagement and PeopleScout. Its PeopleReady segment provides blue-collar contingent staffing through the PeopleReady service line.
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