Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Trueblue (TBI) Share Price

Press coverage about Trueblue (NYSE:TBI) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Trueblue earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 45.961881031275 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Trueblue from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a research report on Tuesday, February 13th. BMO Capital Markets reiterated a “hold” rating and issued a $30.00 price objective on shares of Trueblue in a research report on Wednesday, January 24th. One 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. The stock currently has an average rating of “Hold” and an average target price of $28.67.

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Trueblue stock opened at $25.90 on Friday. Trueblue has a one year low of $19.30 and a one year high of $29.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.02 and a quick ratio of 2.02. The firm has a market capitalization of $1,064.21, a price-to-earnings ratio of 14.89 and a beta of 2.18.

Trueblue (NYSE:TBI) last released its earnings results on Wednesday, February 7th. The business services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Trueblue had a return on equity of 13.30% and a net margin of 2.21%. The company had revenue of $669.63 million during the quarter, compared to the consensus estimate of $667.66 million. During the same quarter last year, the company earned $0.58 earnings per share. Trueblue’s quarterly revenue was down 8.9% compared to the same quarter last year. analysts predict that Trueblue will post 2.21 earnings per share for the current year.

In other Trueblue news, Director Bonnie W. Soodik sold 20,871 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $27.85, for a total value of $581,257.35. Following the completion of the sale, the director now owns 2,119 shares of the company’s stock, valued at $59,014.15. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

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Trueblue Company Profile

TrueBlue, Inc provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers a range of staffing solutions for blue-collar, contingent on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, hospitality, general labor, and other industries under the Labor Ready, CLP Resources, and Spartan Staffing brands.

Insider Buying and Selling by Quarter for Trueblue (NYSE:TBI)

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