Brokerages forecast that TrueBlue, Inc. (NYSE:TBI) will report $0.47 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for TrueBlue’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.47. TrueBlue reported earnings per share of $0.56 during the same quarter last year, which would indicate a negative year-over-year growth rate of 16.1%. The company is expected to issue its next quarterly earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that TrueBlue will report full-year earnings of $1.70 per share for the current year, with EPS estimates ranging from $1.70 to $1.71. For the next year, analysts anticipate that the business will report earnings of $1.86 per share, with EPS estimates ranging from $1.85 to $1.87. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for TrueBlue.

TrueBlue (NYSE:TBI) last posted its quarterly earnings results on Monday, October 30th. The business services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. TrueBlue had a return on equity of 14.05% and a net margin of 2.22%. The business had revenue of $660.78 million for the quarter, compared to analysts’ expectations of $651.91 million. During the same quarter in the prior year, the business earned $0.70 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis.

Several equities research analysts recently weighed in on the company. Zacks Investment Research cut TrueBlue from a “hold” rating to a “sell” rating in a report on Thursday. Robert W. Baird increased their target price on TrueBlue from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday. BidaskClub cut TrueBlue from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. TheStreet upgraded TrueBlue from a “c” rating to a “b” rating in a report on Monday, July 31st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $23.00 price objective (down previously from $26.00) on shares of TrueBlue in a report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $23.33.

TrueBlue (NYSE TBI) opened at $26.85 on Friday. The stock has a market capitalization of $1,096.08, a price-to-earnings ratio of 14.80 and a beta of 2.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.71.

TrueBlue declared that its Board of Directors has initiated a stock repurchase program on Monday, October 30th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

In other news, EVP Wayne W. Larkin sold 10,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $20.38, for a total value of $203,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. raised its position in shares of TrueBlue by 192.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 4,706 shares of the business services provider’s stock worth $106,000 after acquiring an additional 3,098 shares in the last quarter. State of Alaska Department of Revenue increased its position in TrueBlue by 79.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,371 shares of the business services provider’s stock valued at $221,000 after buying an additional 3,711 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in TrueBlue during the 2nd quarter valued at approximately $236,000. Piedmont Investment Advisors LLC bought a new position in TrueBlue during the 2nd quarter valued at approximately $244,000. Finally, Virtu KCG Holdings LLC bought a new position in TrueBlue during the 2nd quarter valued at approximately $261,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

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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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