NYSE:TBI - Trueblue Stock Price, Forecast & News

Trueblue trades on the New York Stock Exchange (NYSE) under the ticker symbol "TBI."

Trueblue Inc (NYSE:TBI) posted its earnings results on Monday, October, 28th. The business services provider reported $0.76 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.66 by $0.10. The business services provider earned $637 million during the quarter, compared to analysts' expectations of $624.63 million. Trueblue had a net margin of 2.85% and a return on equity of 14.81%. Trueblue's quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the company posted $0.79 earnings per share. View Trueblue's Earnings History.

Trueblue is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for Trueblue.

Trueblue will be holding an earnings conference call on Wednesday, February 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Trueblue issued an update on its fourth quarter earnings guidance on Monday, October, 28th. The company provided earnings per share (EPS) guidance of $0.35-0.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.46. The company issued revenue guidance of $587-612 million, compared to the consensus revenue estimate of $609.49 million.

3 analysts have issued 1-year target prices for Trueblue's stock. Their forecasts range from $22.00 to $26.00. On average, they expect Trueblue's stock price to reach $24.00 in the next year. This suggests a possible upside of 2.8% from the stock's current price. View Analyst Price Targets for Trueblue.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Trueblue in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Trueblue.

News coverage about TBI stock has been trending somewhat positive on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Trueblue earned a coverage optimism score of 1.6 on InfoTrie's scale. They also assigned media stories about the business services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Trueblue.

Trueblue saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 986,700 shares, an increase of 17.4% from the December 15th total of 840,200 shares. Based on an average daily volume of 175,200 shares, the days-to-cover ratio is presently 5.6 days. Currently, 2.6% of the shares of the company are short sold. View Trueblue's Current Options Chain.

Some companies that are related to Trueblue include Tradeweb Markets (TW), Robert Half International (RHI), ManpowerGroup (MAN), Insperity (NSP), ASGN (ASGN), Korn Ferry (KFY), Wageworks (WAGE), Kforce (KFRC), Kelly Services (KELYA), Barrett Business Services (BBSI), Heidrick & Struggles International (HSII), GP Strategies (GPX) and Hudson Global (HSON).

Based on aggregate information from My MarketBeat watchlists, some companies that other Trueblue investors own include Intel (INTC), IBM (IBM), Roku (ROKU), SpartanNash (SPTN), GrubHub (GRUB), Gilead Sciences (GILD), Sinclair Broadcast Group (SBGI), Camping World (CWH), Walt Disney (DIS) and Goldman Sachs Group (GS).

Trueblue's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Tocqueville Asset Management L.P. (0.32%), State of Alaska Department of Revenue (0.08%), Alpha Windward LLC (0.05%), Janney Montgomery Scott LLC (0.05%) and Louisiana State Employees Retirement System (0.03%). Company insiders that own Trueblue stock include A Patrick Beharelle, Bonnie W Soodik, Derrek Lane Gafford, James E Defebaugh, Jeffrey B Sakaguchi, Sean A Ebner, Steven C Cooper and Taryn R Owen. View Institutional Ownership Trends for Trueblue.

TBI stock was sold by a variety of institutional investors in the last quarter, including Tocqueville Asset Management L.P., Louisiana State Employees Retirement System, State of Alaska Department of Revenue, Janney Montgomery Scott LLC and Alpha Windward LLC. Company insiders that have sold Trueblue company stock in the last year include A Patrick Beharelle, Derrek Lane Gafford, James E Defebaugh, Jeffrey B Sakaguchi and Taryn R Owen. View Insider Buying and Selling for Trueblue.

Shares of TBI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of TBI stock can currently be purchased for approximately $23.34.

Trueblue has a market capitalization of $909.33 million and generates $2.50 billion in revenue each year. The business services provider earns $65.75 million in net income (profit) each year or $2.28 on an earnings per share basis. Trueblue employs 6,700 workers across the globe.View Additional Information About Trueblue.

The official website for Trueblue is http://www.trueblue.com/.

Trueblue's mailing address is 1015 A STREET, TACOMA WA, 98402. The business services provider can be reached via phone at 253-383-9101 or via email at [email protected]