Wall Street brokerages expect TrueBlue, Inc. (NYSE:TBI) to report earnings of $0.47 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for TrueBlue’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.48. TrueBlue posted earnings of $0.56 per share in the same quarter last year, which indicates a negative year over year growth rate of 16.1%. The company is scheduled to announce 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 financial year, with EPS estimates ranging from $1.70 to $1.71. For the next financial year, analysts forecast that the firm will report earnings of $1.86 per share, with EPS estimates ranging from $1.85 to $1.87. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for TrueBlue.

TrueBlue (NYSE:TBI) last announced its earnings results on Monday, October 30th. The business services provider reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $651.91 million. During the same period in the prior year, the company posted $0.70 EPS. The business’s quarterly revenue was down 5.2% on a year-over-year basis.

Several research firms recently commented on TBI. ValuEngine downgraded TrueBlue from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. TheStreet raised TrueBlue from a “c+” rating to a “b” rating in a research note on Friday, November 17th. BMO Capital Markets increased their price objective on TrueBlue from $23.00 to $26.00 and gave the company a “market perform” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised TrueBlue from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Robert W. Baird upped their target price on TrueBlue from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.00.

In other news, EVP Taryn R. Owen sold 9,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $26.08, for a total transaction of $234,720.00. Following the completion of the transaction, the executive vice president now directly owns 13,084 shares in the company, valued at approximately $341,230.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Wayne W. Larkin sold 10,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $23.00, for a total value of $230,000.00. Following the transaction, the executive vice president now owns 52,061 shares of the company’s stock, valued at $1,197,403. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,985 shares of company stock valued at $2,169,509. 2.00% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TBI. Dimensional Fund Advisors LP lifted its stake in TrueBlue by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,092,140 shares of the business services provider’s stock worth $55,441,000 after acquiring an additional 24,233 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in TrueBlue during the 2nd quarter worth about $949,000. Numeric Investors LLC lifted its stake in TrueBlue by 0.8% during the 2nd quarter. Numeric Investors LLC now owns 1,116,864 shares of the business services provider’s stock worth $29,597,000 after acquiring an additional 8,707 shares in the last quarter. Federated Investors Inc. PA lifted its stake in TrueBlue by 26,192.3% during the 2nd quarter. Federated Investors Inc. PA now owns 37,598 shares of the business services provider’s stock worth $996,000 after acquiring an additional 37,455 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in TrueBlue by 4.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 61,360 shares of the business services provider’s stock worth $1,623,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 90.55% of the company’s stock.

TrueBlue (TBI) opened at $27.80 on Monday. TrueBlue has a 52 week low of $19.30 and a 52 week high of $29.50. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1,149.86, a price-to-earnings ratio of 15.53 and a beta of 2.38.

TrueBlue announced that its Board of Directors has initiated a stock buyback plan on Monday, October 30th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

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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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