Media coverage about TrueBlue (NYSE:TBI) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. TrueBlue earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 45.0125113670898 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
TBI has been the topic of several research analyst reports. BMO Capital Markets raised TrueBlue from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $25.00 to $28.00 in a research note on Friday, May 26th. Zacks Investment Research lowered TrueBlue from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub lowered TrueBlue from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. TheStreet raised TrueBlue from a “c” rating to a “b” rating in a research note on Monday, July 31st. Finally, ValuEngine lowered TrueBlue from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $21.25.
Shares of TrueBlue (TBI) opened at 20.90 on Monday. The firm has a market capitalization of $868.98 million, a price-to-earnings ratio of 14.76 and a beta of 2.38. TrueBlue has a 1-year low of $16.50 and a 1-year high of $28.70. The company has a 50-day moving average price of $20.81 and a 200 day moving average price of $25.21.
TrueBlue (NYSE:TBI) last announced its earnings results on Monday, July 31st. The business services provider reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The business had revenue of $610.10 million for the quarter, compared to analyst estimates of $610.04 million. TrueBlue had a return on equity of 15.18% and a net margin of 2.27%. The company’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. On average, equities research analysts predict that TrueBlue will post $1.69 EPS for the current year.
In other news, EVP Wayne W. Larkin sold 10,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $20.38, for a total value of $203,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.
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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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