Sidoti Has Positive Forecast for TrueBlue FY2026 Earnings

TrueBlue, Inc. (NYSE:TBI) – Equities research analysts at Sidoti raised their FY2026 earnings per share (EPS) estimates for TrueBlue in a report issued on Wednesday, August 5th. Sidoti analyst M. Riddick now forecasts that the business services provider will post earnings per share of $0.06 for the year, up from their previous forecast of ($0.09). The consensus estimate for TrueBlue’s current full-year earnings is ($0.09) per share.

TBI has been the topic of a number of other research reports. Wall Street Zen upgraded shares of TrueBlue from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings upgraded TrueBlue from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Zacks Research raised TrueBlue from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Finally, Robert W. Baird set a $9.50 target price on TrueBlue in a report on Wednesday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.75.

TrueBlue Stock Up 2.8%

NYSE:TBI opened at $10.18 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.09 and a current ratio of 2.28. The firm has a market cap of $309.57 million, a P/E ratio of -5.42 and a beta of 1.60. TrueBlue has a fifty-two week low of $3.18 and a fifty-two week high of $10.52. The firm has a 50-day simple moving average of $7.41 and a two-hundred day simple moving average of $5.59.

TrueBlue (NYSE:TBI) last posted its quarterly earnings results on Tuesday, August 4th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.16. The firm had revenue of $443.00 million during the quarter, compared to analyst estimates of $417.84 million. TrueBlue had a negative return on equity of 6.26% and a negative net margin of 3.35%.

Institutional Trading of TrueBlue

Large investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd purchased a new stake in TrueBlue in the first quarter worth approximately $156,000. Envestnet Asset Management Inc. purchased a new stake in TrueBlue during the 2nd quarter valued at $83,000. Geode Capital Management LLC lifted its holdings in shares of TrueBlue by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 692,713 shares of the business services provider’s stock valued at $4,490,000 after buying an additional 3,269 shares during the period. XTX Topco Ltd boosted its stake in shares of TrueBlue by 11.4% in the 2nd quarter. XTX Topco Ltd now owns 18,106 shares of the business services provider’s stock worth $117,000 after buying an additional 1,858 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of TrueBlue by 6.5% in the 2nd quarter. Hsbc Holdings PLC now owns 43,259 shares of the business services provider’s stock worth $288,000 after buying an additional 2,646 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors.

About TrueBlue

TrueBlue, Inc is a Tacoma, Washington–based workforce solutions provider specializing in temporary staffing, permanent placement and managed service solutions. Operating through its subsidiaries and brands, TrueBlue connects clients across manufacturing, logistics, retail, construction and public sector markets with skilled professionals for both short-term and long-term engagements. The company’s offerings encompass on-demand blue-collar labor, specialized industrial staffing, recruitment process outsourcing (RPO) and contingent workforce management.

TrueBlue’s primary service lines include PeopleReady, which supplies general labor for construction, hospitality and event services; PeopleManagement, which focuses on technical and industrial professionals; PeopleScout, a global RPO business offering end-to-end talent acquisition and consulting; and Staff Management | SMX, which delivers seasonal staffing for large-scale events, amusement parks and federal workforce contracts.