Trueblue (NYSE:TBI) updated its fourth quarter 2018 earnings guidance on Monday. The company provided EPS guidance of $0.55-0.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.57. The company issued revenue guidance of $642-659 million, compared to the consensus revenue estimate of $664.6 million.
Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Trueblue from a buy rating to a hold rating in a research report on Saturday, August 4th. TheStreet raised shares of Trueblue from a c rating to a b- rating in a research report on Wednesday, August 1st. Robert W. Baird reissued a hold rating and issued a $28.00 target price on shares of Trueblue in a research report on Tuesday, July 31st. ValuEngine raised shares of Trueblue from a hold rating to a buy rating in a research report on Tuesday, August 7th. Finally, Credit Suisse Group assumed coverage on shares of Trueblue in a research report on Friday, August 10th. They issued a neutral rating and a $31.00 target price on the stock. Five analysts have rated the stock with a hold rating, The company has a consensus rating of Hold and a consensus price target of $29.75.
Shares of Trueblue stock traded up $0.12 during trading on Monday, hitting $24.37. The stock had a trading volume of 178,300 shares, compared to its average volume of 229,170. The company has a market cap of $985.21 million, a P/E ratio of 14.01 and a beta of 1.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 1.98. Trueblue has a 1 year low of $22.71 and a 1 year high of $29.85.
In related news, CEO Steven C. Cooper sold 55,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $28.35, for a total transaction of $1,559,250.00. Following the completion of the sale, the chief executive officer now directly owns 196,983 shares in the company, valued at $5,584,468.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Sean A. Ebner sold 1,211 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $28.50, for a total transaction of $34,513.50. Following the sale, the executive vice president now owns 13,989 shares of the company’s stock, valued at $398,686.50. The disclosure for this sale can be found here. Company 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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