TrueBlue Inc. (TBI) to Release Earnings on Wednesday
TrueBlue Inc. (NYSE:TBI) will issue its Q316 quarterly earnings data on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.75 per share and revenue of $715.69 million for the quarter.
TrueBlue Inc. (NYSE:TBI) opened at 21.50 on Tuesday. The company’s market cap is $885.05 million. The firm has a 50-day moving average price of $22.19 and a 200 day moving average price of $21.43. TrueBlue Inc. has a 12 month low of $17.35 and a 12 month high of $30.25.
A number of brokerages have weighed in on TBI. Zacks Investment Research raised TrueBlue from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Saturday, August 6th. Deutsche Bank AG began coverage on TrueBlue in a research report on Wednesday, August 17th. They set a “sell” rating and a $20.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $23.43.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/18/trueblue-inc-tbi-to-release-earnings-on-wednesday.html
In related news, EVP James E. Defebaugh sold 5,000 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $23.07, for a total transaction of $115,350.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of the company. Arizona State Retirement System increased its stake in shares of TrueBlue by 2.3% in the second quarter. Arizona State Retirement System now owns 22,028 shares of the company’s stock worth $417,000 after buying an additional 500 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of TrueBlue by 3.1% in the second quarter. Thrivent Financial for Lutherans now owns 40,920 shares of the company’s stock worth $774,000 after buying an additional 1,230 shares in the last quarter. Allianz Asset Management AG increased its stake in shares of TrueBlue by 8.2% in the second quarter. Allianz Asset Management AG now owns 63,633 shares of the company’s stock worth $1,204,000 after buying an additional 4,829 shares in the last quarter. BlackRock Inc. increased its stake in shares of TrueBlue by 232.8% in the second quarter. BlackRock Inc. now owns 11,280 shares of the company’s stock worth $214,000 after buying an additional 7,891 shares in the last quarter. Finally, Bridgeway Capital Management Inc. increased its stake in shares of TrueBlue by 41.1% in the second quarter. Bridgeway Capital Management Inc. now owns 29,500 shares of the company’s stock worth $558,000 after buying an additional 8,600 shares in the last quarter. 93.00% of the stock is currently owned by institutional investors and hedge funds.
TrueBlue Company Profile
TrueBlue, Inc (TrueBlue) is a provider of specialized workforce solutions. The Company is engaged in providing staffing, recruitment process outsourcing, and managed service provider solutions. The Company operates through two segments: Staffing Services and Managed Services. The Company offers on-premise temporary blue-collar staffing, and outsourced service offerings in recruitment process outsourcing (RPO) and management of contingent labor services providers (MSP) solutions.
Receive News & Ratings for TrueBlue Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrueBlue Inc. and related companies with MarketBeat.com's FREE daily email newsletter.