TrueBlue Inc. (TBI) Releases Q1 Earnings Guidance
TrueBlue Inc. (NYSE:TBI) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.00-0.05 for the period, compared to the Thomson Reuters consensus estimate of $0.04, American Banking & Market News reports. The company issued revenue guidance of $398-408 million, compared to the consensus revenue estimate of $406.59 million.
Several analysts have recently commented on the stock. Analysts at Bank of America Corp. upgraded shares of TrueBlue to a buy rating in a research note to investors on Friday, January 10th. Finally, analysts at BMO Capital Markets raised their price target on shares of TrueBlue from $30.00 to $33.00 in a research note to investors on Monday, January 6th. They now have an outperform rating on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. TrueBlue presently has a consensus rating of Buy and a consensus price target of $31.07.
TrueBlue Inc. (NYSE:TBI) traded up 9.49% on Thursday, hitting $24.80. The stock had a trading volume of 212,195 shares. TrueBlue Inc. has a 1-year low of $18.10 and a 1-year high of $27.76. The stock’s 50-day moving average is $25.73 and its 200-day moving average is $25.32. The company has a market cap of $979.7 million and a P/E ratio of 24.33.
TrueBlue (NYSE:TBI) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.03. The company had revenue of $448.90 million for the quarter, compared to the consensus estimate of $437.52 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 30.3% on a year-over-year basis. On average, analysts predict that TrueBlue Inc. will post $1.09 earnings per share for the current fiscal year.
TrueBlue, Inc (NYSE:TBI) is a provider of temporary blue-collar staffing services.
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