Media stories about Trueblue (NYSE:TBI) have been trending somewhat positive on Sunday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Trueblue earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.2677010667774 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of equities analysts have weighed in on the company. Zacks Investment Research raised 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 reaffirmed a “hold” rating and set a $30.00 price target on shares of Trueblue in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.67.
Shares of NYSE TBI traded down $0.35 during trading hours on Friday, hitting $26.60. The company had a trading volume of 320,774 shares, compared to its average volume of 234,247. The company has a market cap of $1,092.97, a PE ratio of 15.29 and a beta of 2.15. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.21. Trueblue has a 1-year low of $19.30 and a 1-year high of $29.50.
Trueblue (NYSE:TBI) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $669.63 million during the quarter, compared to the consensus estimate of $667.66 million. Trueblue had a return on equity of 13.30% and a net margin of 2.21%. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. sell-side analysts predict that Trueblue will post 2.21 EPS for the current fiscal year.
In other news, Director Bonnie W. Soodik sold 20,871 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $27.85, for a total value of $581,257.35. Following the completion of the sale, the director now owns 2,119 shares of the company’s stock, valued at approximately $59,014.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.00% of the company’s stock.
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Trueblue Company Profile
TrueBlue, Inc provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers a range of staffing solutions for blue-collar, contingent on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, hospitality, general labor, and other industries under the Labor Ready, CLP Resources, and Spartan Staffing brands.
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