TrueBlue, Inc. (NYSE:TBI - Free Report) - Analysts at Sidoti decreased their Q4 2026 earnings per share (EPS) estimates for shares of TrueBlue in a research report issued on Thursday, November 5th. Sidoti analyst M. Riddick now forecasts that the business services provider will earn $0.06 per share for the quarter, down from their prior estimate of $0.20. The consensus estimate for TrueBlue's current full-year earnings is $0.06 per share.
Several other research analysts have also weighed in on the stock. Robert W. Baird set a $9.50 price objective on shares of TrueBlue in a report on Wednesday, August 5th. Wall Street Zen raised TrueBlue from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of TrueBlue in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, TrueBlue currently has an average rating of "Reduce" and an average target price of $9.50.
Get Our Latest Analysis on TrueBlue
TrueBlue Price Performance
TBI stock opened at $12.07 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.33 and a current ratio of 2.33. TrueBlue has a 1 year low of $3.18 and a 1 year high of $13.59. The stock has a 50-day simple moving average of $9.42 and a 200-day simple moving average of $6.91. The firm has a market cap of $367.83 million, a P/E ratio of -7.84, a price-to-earnings-growth ratio of 14.46 and a beta of 1.74.
TrueBlue (NYSE:TBI - Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.14. TrueBlue had a negative return on equity of 2.85% and a negative net margin of 2.55%. The firm had revenue of $520.74 million for the quarter, compared to analyst estimates of $468.06 million.
Institutional Investors Weigh In On TrueBlue
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Pzena Investment Management LLC acquired a new position in TrueBlue during the 2nd quarter worth $21,543,000. BlackRock Inc. acquired a new stake in shares of TrueBlue during the 2nd quarter worth approximately $15,550,000. Bank of America Corp DE acquired a new stake in TrueBlue during the second quarter worth $2,225,000. Manatuck Hill Partners LLC acquired a new stake in shares of TrueBlue during the 2nd quarter valued at about $1,115,000. Finally, Renaissance Technologies LLC grew its stake in shares of TrueBlue by 128.7% in the 1st quarter. Renaissance Technologies LLC now owns 220,934 shares of the business services provider's stock valued at $864,000 after purchasing an additional 124,334 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.
About TrueBlue
(
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TrueBlue, Inc NYSE: TBI is a workforce solutions company that connects businesses with employees and provides staffing, recruiting and workforce management services. Its offerings support employers seeking temporary, contingent and permanent workers across a range of industries, including manufacturing, logistics, retail, hospitality, construction and other commercial sectors.
The company operates through several specialized brands. PeopleReady provides industrial and general labor staffing, while PeopleManagement offers on-site workforce management and contingent labor solutions.
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