TrueBlue (TBI) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TrueBlue in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TBI shares.
View TBI analyst ratings or view top-rated stocks.

1 brokers have issued 12-month price targets for TrueBlue's shares. Their TBI share price forecasts range from $20.00 to $20.00. On average, they predict the company's stock price to reach $20.00 in the next year. This suggests a possible upside of 11.5% from the stock's current price.
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TrueBlue's stock was trading at $19.58 on January 1st, 2023. Since then, TBI shares have decreased by 8.4% and is now trading at $17.94.
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TrueBlue saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 581,700 shares, an increase of 21.2% from the April 30th total of 480,000 shares. Based on an average daily volume of 229,500 shares, the short-interest ratio is presently 2.5 days. Approximately 2.0% of the shares of the stock are sold short.
View TrueBlue's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our TBI earnings forecast.

TrueBlue, Inc. (NYSE:TBI) released its quarterly earnings results on Monday, April, 24th. The business services provider reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.05. The business services provider earned $465.29 million during the quarter, compared to analyst estimates of $465.30 million. TrueBlue had a trailing twelve-month return on equity of 13.39% and a net margin of 2.19%. The company's quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share.

ETFs with the largest weight of TrueBlue (NYSE:TBI) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Industrials ETF (PSCI), Strategas Global Policy Opportunities ETF (SAGP) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).Inspire Small/Mid Cap ETF (ISMD) and

TrueBlue updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $487.00 million-$512.00 million, compared to the consensus revenue estimate of $488.95 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.96%), Pzena Investment Management LLC (8.30%), Hotchkis & Wiley Capital Management LLC (8.09%), Dimensional Fund Advisors LP (7.91%), State Street Corp (4.20%) and Charles Schwab Investment Management Inc. (2.44%). 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 $17.94.

TrueBlue (NYSE:TBI) has a market capitalization of $556.50 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 $1.43 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.