Trueblue Inc (TBI) Scheduled to Post Earnings on Monday
Trueblue Inc (NYSE:TBI) is scheduled to be posting its quarterly earnings results after the market closes on Monday, October 30th. Analysts expect Trueblue to post earnings of $0.58 per share for the quarter. Trueblue has set its Q3 guidance at $0.550$0.60 EPS.
Trueblue (NYSE:TBI) last issued its quarterly earnings results on Monday, July 31st. The business services provider reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The company had revenue of $610.10 million for the quarter, compared to analyst estimates of $610.04 million. Trueblue had a net margin of 2.15% and a return on equity of 9.87%. Trueblue’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. On average, analysts expect Trueblue to post $1.7 EPS for the current fiscal year and $1.84 EPS for the next fiscal year.
Shares of Trueblue Inc (NYSE TBI) traded down 0.523% during trading on Monday, hitting $23.775. 54,189 shares of the stock were exchanged. The stock’s 50 day moving average price is $22.19 and its 200 day moving average price is $24.50. The firm has a market capitalization of $988.52 million, a price-to-earnings ratio of 16.790 and a beta of 2.40. Trueblue Inc has a 52 week low of $16.50 and a 52 week high of $28.70.
In other Trueblue news, EVP Wayne W. Larkin sold 10,000 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $23.00, for a total transaction of $230,000.00. Following the completion of the sale, the executive vice president now owns 52,061 shares of the company’s stock, valued at approximately $1,197,403. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.00% of the company’s stock.
Several brokerages have weighed in on TBI. Zacks Investment Research cut shares of Trueblue from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. ValuEngine cut shares of Trueblue from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reissued a “hold” rating and set a $25.00 price target on shares of Trueblue in a research report on Friday, October 6th. TheStreet cut shares of Trueblue from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. Finally, BMO Capital Markets reissued a “hold” rating and set a $23.00 price target on shares of Trueblue in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.00.
Trueblue Company Profile
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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