Media headlines about Trueblue (NYSE:TBI) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Trueblue earned a news impact score of 0.13 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 45.9551439859054 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Trueblue from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, February 13th. BMO Capital Markets restated a “hold” rating and set a $30.00 price objective on shares of Trueblue in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Trueblue currently has a consensus rating of “Hold” and an average target price of $28.67.
TBI opened at $27.40 on Wednesday. The company has a quick ratio of 2.02, a current 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. The firm has a market capitalization of $1,080.65, a P/E ratio of 15.75 and a beta of 2.15.
Trueblue (NYSE:TBI) last posted its earnings results 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. Trueblue had a net margin of 2.21% and a return on equity of 13.30%. The firm had revenue of $669.63 million during the quarter, compared to analysts’ expectations of $667.66 million. During the same period in the previous year, the business posted $0.58 EPS. The business’s revenue was down 8.9% compared to the same quarter last year. equities research analysts forecast that Trueblue will post 2.21 earnings per share for the current fiscal year.
In related 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 completion of the transaction, the director now directly owns 2,119 shares in the company, valued at approximately $59,014.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.
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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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