$0.15 Earnings Per Share Expected for Trueblue Inc (NYSE:TBI) This Quarter

Analysts expect Trueblue Inc (NYSE:TBI) to post $0.15 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Trueblue’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.11. Trueblue reported earnings of $0.27 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 44.4%. The company is expected to announce its next quarterly earnings results on Monday, May 4th.

On average, analysts expect that Trueblue will report full-year earnings of $1.74 per share for the current year, with EPS estimates ranging from $1.63 to $1.85. For the next fiscal year, analysts anticipate that the business will post earnings of $1.90 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Trueblue.

Trueblue (NYSE:TBI) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.02). The firm had revenue of $591.00 million for the quarter, compared to analysts’ expectations of $601.26 million. During the same quarter in the previous year, the company posted $0.61 EPS. The business’s quarterly revenue was down 9.1% on a year-over-year basis.

Several analysts have recently issued reports on the stock. Sidoti dropped their target price on shares of Trueblue from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday. Zacks Investment Research downgraded shares of Trueblue from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 11th. Finally, TheStreet cut shares of Trueblue from a “b-” rating to a “c” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. Trueblue currently has a consensus rating of “Hold” and an average target price of $24.33.

NYSE:TBI traded down $0.11 during midday trading on Friday, reaching $16.72. 297,941 shares of the stock traded hands. The business has a 50-day moving average of $22.07 and a two-hundred day moving average of $21.77. Trueblue has a 12-month low of $16.10 and a 12-month high of $25.75.

Several large investors have recently bought and sold shares of TBI. Public Employees Retirement System of Ohio boosted its stake in shares of Trueblue by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 63,400 shares of the business services provider’s stock worth $1,338,000 after purchasing an additional 479 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Trueblue by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 62,121 shares of the business services provider’s stock worth $1,311,000 after purchasing an additional 742 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Trueblue by 22.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,296 shares of the business services provider’s stock worth $103,000 after purchasing an additional 789 shares during the last quarter. Strs Ohio boosted its stake in shares of Trueblue by 2.3% during the 3rd quarter. Strs Ohio now owns 36,000 shares of the business services provider’s stock worth $759,000 after purchasing an additional 800 shares during the last quarter. Finally, Summit Global Investments lifted its holdings in shares of Trueblue by 2.8% during the 4th quarter. Summit Global Investments now owns 37,000 shares of the business services provider’s stock worth $890,000 after acquiring an additional 1,000 shares during the period. 92.07% of the stock is currently owned by institutional investors and hedge funds.

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, energy, retail, hospitality, general labor, and other industries under the Labor Ready, CLP Resources, and Spartan Staffing brands.

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