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, hospitality, general labor, and other industries under the Labor Ready, CLP Resources, and Spartan Staffing brands. The PeopleManagement segment provides contingent labor and outsourced industrial workforce solutions. It offers outsourced recruitment and on-premise management services, temporary skilled mechanics and technicians for the aviation and transportation industries, and temporary and dedicated drivers for the transportation and distribution industries under Staff Management, SIMOS Insourcing Solutions, PlaneTechs, and Centerline Drivers brands. The PeopleScout segment offers permanent employee recruitment process outsourcing services; and manages customers' contingent labor programs comprising vendor selection, performance management, compliance monitoring, and risk management. The company was formerly known as Labor Ready, Inc. and changed its name to TrueBlue, Inc. in December 2007. TrueBlue, Inc. was founded in 1985 and is headquartered in Tacoma, Washington.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Help supply services
Sub-IndustryHuman Resource & Employment Services
SectorBusiness Services
Current SymbolNYSE:TBI
Previous Symbol
CUSIP89785X10
Phone253-383-9101
Debt
Debt-to-Equity Ratio0.18
Current Ratio2.03
Quick Ratio2.03
Price-To-Earnings
Trailing P/E Ratio13.47
Forward P/E Ratio10.37
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.51 billion
Price / Sales0.38
Cash Flow$2.8060 per share
Price / Cash Flow8.35
Book Value$13.41 per share
Price / Book1.75
Profitability
EPS (Most Recent Fiscal Year)$1.74
Net Income$55.45 million
Net Margins2.67%
Return on Equity15.62%
Return on Assets8.00%
Miscellaneous
Employees5,500
Outstanding Shares40,490,000
Market Cap$965.17 million
OptionableOptionable
Trueblue (NYSE:TBI) Frequently Asked Questions
What is Trueblue's stock symbol?
Trueblue trades on the New York Stock Exchange (NYSE) under the ticker symbol "TBI."
How will Trueblue's stock buyback program work?
Trueblue announced that its Board of Directors has initiated a stock buyback program on Tuesday, October 31st 2017, which permits the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.
How were Trueblue's earnings last quarter?
Trueblue Inc (NYSE:TBI) issued its quarterly earnings results on Monday, November, 5th. The business services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.01. The business services provider earned $680.40 million during the quarter, compared to analysts' expectations of $672.74 million. Trueblue had a return on equity of 15.62% and a net margin of 2.67%. Trueblue's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. View Trueblue's Earnings History.
When is Trueblue's next earnings date?
What guidance has Trueblue issued on next quarter's earnings?
Trueblue issued an update on its fourth quarter earnings guidance on Monday, November, 5th. The company provided earnings per share guidance of $0.55-0.62 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.58. The company issued revenue guidance of $642-659 million, compared to the consensus revenue estimate of $657.81 million.Trueblue also updated its Q4 2018 guidance to $0.55-0.62 EPS.
What price target have analysts set for TBI?
3 brokerages have issued 12-month price objectives for Trueblue's stock. Their predictions range from $25.00 to $29.00. On average, they expect Trueblue's share price to reach $27.3333 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price. View Analyst Price Targets for Trueblue.
What is the consensus analysts' recommendation 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.
Has Trueblue been receiving favorable news coverage?
Media coverage about TBI stock has been trending somewhat positive on Saturday, according to InfoTrie. The research firm rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Trueblue earned a news sentiment score of 1.0 on InfoTrie's scale. They also assigned press coverage about the business services provider a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.
Who are some of Trueblue's key competitors?
Some companies that are related to Trueblue include ASGN (ASGN), Dometic Group AB (publ) (DTCGF), AMN Healthcare Services (AMN), TTEC (TTEC), Kelly Services (KELYB), Kelly Services (KELYA), Kforce (KFRC), SThree (STREF), Barrett Business Services (BBSI), Cross Country Healthcare (CCRN), StarTek (SRT), DLH (DLHC), R C M Technologies (RCMT), Hudson Global (HSON) and Staffing 360 Solutions (STAF).
Who are Trueblue's key executives?
Trueblue's management team includes the folowing people:
- Mr. Steven C. Cooper, Exec. Chairman (Age 55)
- Mr. A. Patrick Beharelle, Chief Exec. Officer (Age 48)
- Mr. Derrek L. Gafford, Exec. VP & CFO (Age 47)
- Mr. James E. Defebaugh IV, Exec. VP, Gen. Counsel & Sec. (Age 63)
- Mr. Norman H. Frey, Chief Accounting Officer, Sr. VP & Corp. Controller (Age 62)
Who are Trueblue's major shareholders?
Trueblue's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.23%), Vanguard Group Inc. (11.86%), Vanguard Group Inc (11.86%), Dimensional Fund Advisors LP (6.84%), JPMorgan Chase & Co. (2.88%) and JPMorgan Chase & Co. (2.89%). Company insiders that own Trueblue stock include Bonnie W Soodik, Derrek Lane Gafford, James E Defebaugh, Joseph P Sambataro Jr, Sean A Ebner, Steven C Cooper, Taryn R Owen and Wayne W Larkin. View Institutional Ownership Trends for Trueblue.
Which major investors are selling Trueblue stock?
TBI stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Alliancebernstein L.P., Prudential Financial Inc., Morgan Stanley, Tocqueville Asset Management L.P., Heartland Advisors Inc., JPMorgan Chase & Co. and JPMorgan Chase & Co.. Company insiders that have sold Trueblue company stock in the last year include Bonnie W Soodik, James E Defebaugh, Sean A Ebner and Steven C Cooper. View Insider Buying and Selling for Trueblue.
Which major investors are buying Trueblue stock?
TBI stock was acquired by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Matarin Capital Management LLC, BlackRock Inc., Dimensional Fund Advisors LP, Vanguard Group Inc, Vanguard Group Inc., Acadian Asset Management LLC and AQR Capital Management LLC. View Insider Buying and Selling for Trueblue.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Trueblue's stock price today?
One share of TBI stock can currently be purchased for approximately $23.43.
How big of a company is Trueblue?
Trueblue has a market capitalization of $965.17 million and generates $2.51 billion in revenue each year. The business services provider earns $55.45 million in net income (profit) each year or $1.74 on an earnings per share basis. Trueblue employs 5,500 workers across the globe.
What is Trueblue's official website?
How can I contact Trueblue?
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]
MarketBeat Community Rating for Trueblue (NYSE TBI)
MarketBeat's community ratings are surveys of what our community members think about Trueblue and other stocks. Vote "Outperform" if you believe TBI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TBI will underperform the S&P 500 over the long term. You may vote once every thirty days.
