Trueblue (TBI) Receiving Somewhat Favorable Press Coverage, Analysis Finds

Media coverage about Trueblue (NYSE:TBI) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Trueblue earned a news impact score of 0.14 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 45.4511559826063 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

A number of research firms have issued reports on TBI. Zacks Investment Research downgraded Trueblue from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. TheStreet upgraded Trueblue from a “c+” rating to a “b” rating in a report on Friday, November 17th. BMO Capital Markets increased their price objective on Trueblue from $23.00 to $26.00 and gave the stock a “market perform” rating in a report on Wednesday, November 1st. ValuEngine upgraded Trueblue from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Finally, Robert W. Baird increased their price objective on Trueblue from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $26.00.

Trueblue (NYSE TBI) opened at $27.20 on Thursday. 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 stock has a market capitalization of $1,130.00, a price-to-earnings ratio of 19.85 and a beta of 2.39. 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 data on Monday, October 30th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $660.78 million during the quarter, compared to the consensus estimate of $651.91 million. Trueblue had a return on equity of 14.05% and a net margin of 2.22%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.70 earnings per share. equities analysts forecast that Trueblue will post 1.7 EPS for the current year.

Trueblue declared that its board has initiated a share repurchase program on Monday, October 30th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

In other news, CEO Steven C. Cooper sold 23,900 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $28.06, for a total value of $670,634.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $234,720.00. Following the completion of the sale, the executive vice president now directly owns 13,084 shares in the company, valued at $341,230.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,985 shares of company stock valued at $1,939,509. 2.00% of the stock is owned by corporate insiders.

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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.

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

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