TrueBlue (TBI) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TrueBlue in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TBI shares.
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1 analysts have issued twelve-month price objectives for TrueBlue's shares. Their TBI share price forecasts range from $18.00 to $20.00. On average, they predict the company's share price to reach $19.00 in the next year. This suggests a possible upside of 32.0% from the stock's current price.
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TrueBlue's stock was trading at $19.58 at the beginning of the year. Since then, TBI stock has decreased by 26.5% and is now trading at $14.39.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
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TrueBlue, Inc. (NYSE:TBI) released its quarterly earnings data on Monday, July, 24th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by $0.06. The business services provider earned $475.59 million during the quarter, compared to the consensus estimate of $496.11 million. TrueBlue had a net margin of 0.78% and a trailing twelve-month return on equity of 8.88%. The firm's revenue for the quarter was down 16.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 EPS.

First Trust Dow Jones Select Microcap Index Fund holds 83,212 shares of TBI stock, representing 0.79% of its portfolio.

TrueBlue issued an update on its third quarter 2023 earnings guidance on Tuesday, July, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $483.61 million-$506.63 million, compared to the consensus revenue estimate of $516.88 million.

34 employees have rated TrueBlue Chief Executive Officer Patrick Beharelle on Glassdoor.com. Patrick Beharelle has an approval rating of 56% among the company's employees. This puts Patrick Beharelle in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other TrueBlue investors own include International Business Machines (IBM), Intel (INTC), NVIDIA (NVDA), Vertex Pharmaceuticals (VRTX), Gilead Sciences (GILD), The Goldman Sachs Group (GS), AT&T (T), Zynga (ZNGA), AbbVie (ABBV) and Amgen (AMGN).

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

TrueBlue's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.93%), Hotchkis & Wiley Capital Management LLC (8.25%), Pzena Investment Management LLC (7.85%), Dimensional Fund Advisors LP (7.37%), State Street Corp (3.96%) and Charles Schwab Investment Management Inc. (2.46%). Insiders that own company stock include A Patrick Beharelle, Carl Schweihs, Colleen B Brown, Derrek Lane Gafford, Garrett Ferencz, Kristy A Fitzsimmons-Willis, Richard Christensen, Steven C Cooper, Taryn R Owen and William C Goings.
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Shares of TBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TBI stock can currently be purchased for approximately $14.39.

TrueBlue (NYSE:TBI) has a market capitalization of $446.09 million and generates $2.25 billion in revenue each year. The business services provider earns $62.27 million in net income (profit) each year or $0.47 on an earnings per share basis.

The company employs 6,500 workers across the globe.

TrueBlue's mailing address is 1015 A STREET, TACOMA WA, 98402. The official website for the company is www.trueblue.com. The business services provider can be reached via phone at (253) 383-9101, via email at investorrelations@trueblueinc.com, or via fax at 877-733-0399.