Wall Street analysts expect Trueblue Inc (NYSE:TBI) to report earnings of $0.15 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Trueblue’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.19. 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 firm is expected to issue its next quarterly earnings report on Monday, May 4th.
According to Zacks, 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 expect that the firm will report earnings of $1.90 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Trueblue.
Trueblue (NYSE:TBI) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.02). Trueblue had a return on equity of 13.06% and a net margin of 2.66%. The company had revenue of $591.00 million for the quarter, compared to the consensus estimate of $601.26 million. During the same period in the previous year, the firm earned $0.61 earnings per share. The company’s revenue was down 9.1% compared to the same quarter last year.
Several brokerages have weighed in on TBI. TheStreet cut Trueblue from a “b-” rating to a “c” rating in a research note on Thursday, February 6th. Zacks Investment Research cut Trueblue from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Sidoti reduced their price objective on Trueblue from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.33.
Several large investors have recently made changes to their positions in the business. UBS Asset Management Americas Inc. boosted its position in shares of Trueblue by 11.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 36,127 shares of the business services provider’s stock valued at $869,000 after buying an additional 3,619 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Trueblue by 14.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 359,193 shares of the business services provider’s stock valued at $8,642,000 after buying an additional 44,922 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Trueblue by 18.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 593,232 shares of the business services provider’s stock valued at $14,273,000 after buying an additional 94,380 shares during the period. UBS Group AG boosted its position in shares of Trueblue by 6.8% during the fourth quarter. UBS Group AG now owns 175,986 shares of the business services provider’s stock valued at $4,234,000 after buying an additional 11,234 shares during the period. Finally, Public Sector Pension Investment Board boosted its position in shares of Trueblue by 45.5% during the fourth quarter. Public Sector Pension Investment Board now owns 149,328 shares of the business services provider’s stock valued at $3,593,000 after buying an additional 46,700 shares during the period. Institutional investors and hedge funds own 92.07% of the company’s stock.
NYSE TBI traded up $0.02 during trading hours on Friday, hitting $16.85. 7,487 shares of the company were exchanged, compared to its average volume of 230,261. The stock has a 50-day moving average price of $22.21 and a 200 day moving average price of $21.80. The company has a quick ratio of 1.88, a current ratio of 1.83 and a debt-to-equity ratio of 0.11. Trueblue has a 52 week low of $16.10 and a 52 week high of $25.75. The stock has a market cap of $635.36 million, a PE ratio of 10.45 and a beta of 1.69.
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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