News articles about Trueblue (NYSE:TBI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing 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 closest to one being the most favorable. Trueblue earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.2677010667774 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.
Trueblue (NYSE:TBI) opened at $27.85 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market cap of $1,132.01, a price-to-earnings ratio of 20.94 and a beta of 2.18. Trueblue has a 12 month low of $19.30 and a 12 month high of $29.50.
Trueblue (NYSE:TBI) last announced its quarterly earnings data on Wednesday, February 7th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $669.63 million for the quarter, compared to analysts’ expectations of $667.66 million. Trueblue had a net margin of 2.21% and a return on equity of 13.30%. Trueblue’s revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 EPS. equities research analysts anticipate that Trueblue will post 2.21 earnings per share for the current fiscal year.
Several analysts recently commented on TBI shares. Zacks Investment Research upgraded shares of Trueblue from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a research report on Tuesday, February 13th. BMO Capital Markets reiterated a “hold” rating and issued a $30.00 price target on shares of Trueblue in a research report on Wednesday, January 24th. Finally, TheStreet raised shares of Trueblue from a “c+” rating to a “b” rating in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $28.67.
In other Trueblue news, Director Bonnie W. Soodik sold 20,871 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $27.85, for a total value of $581,257.35. Following the transaction, the director now directly owns 2,119 shares of the company’s stock, valued at approximately $59,014.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company’s stock.
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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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