TrueBlue, Inc. (TBI) Scheduled to Post Quarterly Earnings on Monday
TrueBlue, Inc. (NYSE:TBI) is scheduled to issue its quarterly earnings data after the market closes on Monday, July 31st. Analysts expect the company to announce earnings of $0.42 per share for the quarter. TrueBlue has set its Q2 guidance at $0.38-0.43 EPS.
TrueBlue (NYSE:TBI) last issued its quarterly earnings data on Monday, May 1st. The business services provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.12 by $0.09. The company had revenue of $568.24 million during the quarter, compared to analysts’ expectations of $569.85 million. TrueBlue had a negative net margin of 0.66% and a positive return on equity of 16.30%. TrueBlue’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 earnings per share. On average, analysts expect TrueBlue to post $1.86 EPS for the current fiscal year and $2.04 EPS for the next fiscal year.
TrueBlue, Inc. (NYSE TBI) opened at 26.75 on Monday. TrueBlue, Inc. has a 52 week low of $16.50 and a 52 week high of $28.70. The company’s 50-day moving average is $26.81 and its 200 day moving average is $26.16. The stock’s market cap is $1.11 billion.
In other TrueBlue news, EVP James E. Defebaugh sold 5,000 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $27.00, for a total transaction of $135,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Derrek Lane Gafford sold 20,000 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $27.75, for a total transaction of $555,000.00. Following the sale, the chief financial officer now directly owns 91,859 shares of the company’s stock, valued at $2,549,087.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,000 shares of company stock valued at $2,479,200. Insiders own 2.00% of the company’s stock.
TBI has been the topic of a number of recent analyst reports. BMO Capital Markets restated a “sell” rating and set a $20.00 target price on shares of TrueBlue in a research note on Wednesday, April 5th. Zacks Investment Research upgraded shares of TrueBlue from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, April 12th. Four equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $22.50.
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TrueBlue, Inc is a provider of specialized workforce solutions. The Company is engaged in providing staffing, on-site workforce management and recruitment process outsourcing services. The Company operates through three segments: PeopleReady, PeopleManagement and PeopleScout. Its PeopleReady segment provides blue-collar contingent staffing through the PeopleReady service line.
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