Media headlines about Trueblue (NYSE:TBI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Trueblue earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 45.0275835421743 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Trueblue (NYSE:TBI) traded down $0.65 during trading on Friday, reaching $27.40. 129,141 shares of the company were exchanged, compared to its average volume of 215,922. The company has a market cap of $1,130.00, a PE ratio of 20.00 and a beta of 2.39. Trueblue has a 52 week low of $19.30 and a 52 week high of $29.50. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.20.
Trueblue (NYSE:TBI) last announced its quarterly earnings results on Monday, October 30th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The company had revenue of $660.78 million for the quarter, compared to analysts’ expectations of $651.91 million. Trueblue had a net margin of 2.22% and a return on equity of 14.05%. Trueblue’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 EPS. research analysts anticipate that Trueblue will post 1.7 earnings per share for the current fiscal year.
Trueblue declared that its board has initiated a stock buyback plan on Monday, October 30th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.
A number of research firms have recently weighed in on TBI. TheStreet raised shares of Trueblue from a “c+” rating to a “b” rating in a research report on Friday, November 17th. Zacks Investment Research downgraded shares of Trueblue from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. BMO Capital Markets upped their target price on shares of Trueblue from $23.00 to $26.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 1st. Robert W. Baird upped their target price on shares of Trueblue from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Finally, ValuEngine raised shares of Trueblue from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $26.00.
In other news, EVP Wayne W. Larkin sold 12,600 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $28.54, for a total transaction of $359,604.00. Following the completion of the sale, the executive vice president now owns 39,461 shares of the company’s stock, valued at approximately $1,126,216.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Taryn R. Owen sold 9,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $26.08, for a total transaction of $234,720.00. Following the sale, the executive vice president now directly owns 13,084 shares of the company’s stock, valued at approximately $341,230.72. The disclosure for this sale can be found here. Insiders have sold a total of 69,985 shares of company stock worth $1,939,509 in the last 90 days. Company insiders own 2.00% of the company’s stock.
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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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