Trueblue (NYSE:TBI) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.18-0.24 for the period, compared to the Thomson Reuters consensus estimate of $0.25. The company issued revenue guidance of $557-572 million, compared to the consensus revenue estimate of $576.56 million.
Trueblue (TBI) traded down $0.50 during mid-day trading on Thursday, reaching $28.25. 102,483 shares of the company’s stock traded hands, compared to its average volume of 237,221. The stock has a market cap of $1,190.00, a PE ratio of 21.46 and a beta of 2.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.02 and a quick ratio of 1.77. Trueblue has a 12-month low of $19.30 and a 12-month high of $29.50.
Trueblue (NYSE:TBI) last released its earnings results on Wednesday, February 7th. The business services provider reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The firm had revenue of $669.63 million during the quarter, compared to analysts’ expectations of $667.66 million. Trueblue had a net margin of 2.21% and a return on equity of 13.30%. Trueblue’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 EPS. equities analysts anticipate that Trueblue will post 2.21 earnings per share for the current year.
TBI has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Trueblue from a hold rating to a sell rating in a research note on Tuesday, January 2nd. BMO Capital Markets lifted their target price on shares of Trueblue from $23.00 to $26.00 and gave the stock a market perform rating in a research note on Wednesday, November 1st. TheStreet raised shares of Trueblue from a c+ rating to a b rating in a research note on Friday, November 17th. Finally, Robert W. Baird boosted their price objective on shares of Trueblue from $25.00 to $26.00 and gave the company a neutral rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Trueblue has an average rating of Hold and an average target price of $28.67.
In other news, Director Bonnie W. Soodik sold 20,871 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $27.85, for a total transaction of $581,257.35. Following the completion of the sale, the director now directly owns 2,119 shares of the company’s stock, valued at approximately $59,014.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Wayne W. Larkin sold 12,600 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $28.54, for a total transaction of $359,604.00. Following the sale, the executive vice president now directly owns 39,461 shares of the company’s stock, valued at $1,126,216.94. The disclosure for this sale can be found here. Insiders have sold a total of 57,371 shares of company stock valued at $1,611,495 over the last three months. Corporate insiders own 2.00% of the company’s stock.
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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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