News headlines about Trueblue (NYSE:TBI) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Trueblue earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 45.707607747683 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of equities research analysts have commented on TBI shares. Zacks Investment Research cut Trueblue from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. BMO Capital Markets reissued a “hold” rating and set a $30.00 price target on shares of Trueblue in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.67.
Shares of Trueblue stock opened at $27.30 on Thursday. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1,111.47, a PE ratio of 15.55 and a beta of 2.18. Trueblue has a twelve month low of $19.30 and a twelve month high of $29.50.
Trueblue (NYSE:TBI) last posted its quarterly earnings results on Wednesday, February 7th. The business services provider reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The business had revenue of $669.63 million for the quarter, compared to analysts’ expectations of $667.66 million. Trueblue had a return on equity of 13.30% and a net margin of 2.21%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period last year, the firm earned $0.58 earnings per share. equities research analysts predict that Trueblue will post 2.21 EPS for the current year.
In other news, Director Bonnie W. Soodik sold 20,871 shares of Trueblue stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $27.85, for a total value of $581,257.35. Following the sale, the director now directly owns 2,119 shares of the company’s stock, valued at $59,014.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company’s stock.
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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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