TrueBlue, Inc. (TBI) Set to Announce Earnings on Monday

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.

ILLEGAL ACTIVITY WARNING: This piece was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2017/10/28/trueblue-inc-tbi-set-to-announce-earnings-on-monday.html.

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.

Earnings History for TrueBlue (NYSE:TBI)

Receive News & Ratings for TrueBlue Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrueBlue Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply