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NYSE:TBI

TrueBlue Stock Forecast, Price & News

$20.27
-0.08 (-0.39 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$20.08
Now: $20.27
$20.59
50-Day Range
$15.25
MA: $17.33
$20.47
52-Week Range
$12.02
Now: $20.27
$24.30
Volume80,307 shs
Average Volume321,728 shs
Market Capitalization$719.04 million
P/E RatioN/A
Dividend YieldN/A
Beta1.81
TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers a range of contingent staffing solutions for blue-collar, on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, general labor, and other industries. The PeopleManagement segment provides contingent labor and outsourced industrial workforce solutions. It offers on-site management and recruitment for the contingent industrial workforce of manufacturing, warehouse, and distribution facilities; and recruitment and management of contingent and dedicated commercial drivers to the transportation and distribution industries under the Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers brands. The PeopleScout segment offers permanent employee recruitment process outsourcing services; and manages clients' 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 incorporated in 1985 and is headquartered in Tacoma, Washington.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.2Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.43 out of 5 stars


Industry, Sector and Symbol

Industry Help supply services
Sub-IndustryHuman Resource & Employment Services
CUSIP89785X10
Phone253-383-9101
Employees6,200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.37 billion
Cash Flow$3.44 per share
Book Value$16.07 per share

Profitability

Net Income$63.07 million

Miscellaneous

Market Cap$719.04 million
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$20.27
-0.08 (-0.39 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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TrueBlue (NYSE:TBI) Frequently Asked Questions

How has TrueBlue's stock been impacted by COVID-19 (Coronavirus)?

TrueBlue's stock was trading at $13.35 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TBI stock has increased by 51.8% and is now trading at $20.27.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of TrueBlue?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TrueBlue in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for TrueBlue
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than TrueBlue?

Wall Street analysts have given TrueBlue a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but TrueBlue wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is TrueBlue's next earnings date?

TrueBlue is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for TrueBlue
.

How were TrueBlue's earnings last quarter?

TrueBlue, Inc. (NYSE:TBI) released its quarterly earnings results on Monday, October, 26th. The business services provider reported $0.24 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.02 by $0.22. The business services provider earned $474.53 million during the quarter, compared to analysts' expectations of $453.92 million. TrueBlue had a negative net margin of 5.92% and a positive return on equity of 7.74%. The business's revenue for the quarter was down 25.5% on a year-over-year basis. During the same period last year, the business posted $0.76 earnings per share.
View TrueBlue's earnings history
.

What price target have analysts set for TBI?

5 equities research analysts have issued 12-month price targets for TrueBlue's shares. Their forecasts range from $16.00 to $24.00. On average, they anticipate TrueBlue's stock price to reach $18.00 in the next twelve months. This suggests that the stock has a possible downside of 11.2%.
View analysts' price targets for TrueBlue
.

Who are some of TrueBlue's key competitors?

What other stocks do shareholders of TrueBlue own?

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).

Who are TrueBlue's key executives?

TrueBlue's management team includes the following people:
  • Mr. A. Patrick Beharelle, CEO & Director (Age 50, Pay $1.07M)
  • Mr. Derrek L. Gafford, Exec. VP & CFO (Age 49, Pay $603.25k)
  • Mr. Carl R. Schweihs, Exec. VP & Pres of People Management (Age 35, Pay $436.94k)
  • Ms. Taryn R. Owen, Exec. VP & Pres of PeopleReady (Age 41, Pay $520.39k)
  • Mr. Norman H. Frey, Sr. VP & Chief Accounting Officer (Age 64)
  • Mr. Jeff Dirks, Sr. VP, Chief Information & Technology Officer
  • Mr. Garrett Ferencz, Exec. VP, Chief Legal Officer & Sec.
  • Jennifer Grasz, VP of Corp. Communications
  • Mr. Richard Christensen, VP & Corp. Controller
  • Mr. Todd N. Gilman, Sr. VP, Deputy Gen. Counsel & Sec.

What is TrueBlue's stock symbol?

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

Who are TrueBlue's major shareholders?

TrueBlue's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.16%), ArrowMark Colorado Holdings LLC (4.99%), JPMorgan Chase & Co. (4.22%), State Street Corp (3.32%), Pzena Investment Management LLC (2.85%) and Acadian Asset Management LLC (2.09%). Company insiders that own TrueBlue stock include A Patrick Beharelle, Colleen B Brown, Derrek Lane Gafford, James E Defebaugh, Jeffrey B Sakaguchi and Taryn R Owen.
View institutional ownership trends for TrueBlue
.

Which institutional investors are selling TrueBlue stock?

TBI stock was sold by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, BlackRock Inc., JPMorgan Chase & Co., AQR Capital Management LLC, Acadian Asset Management LLC, State Street Corp, Arrowstreet Capital Limited Partnership, and Voloridge Investment Management LLC.
View insider buying and selling activity for TrueBlue
.

Which institutional investors are buying TrueBlue stock?

TBI stock was purchased by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Royce & Associates LP, Assenagon Asset Management S.A., Mackay Shields LLC, Cubist Systematic Strategies LLC, ExodusPoint Capital Management LP, Engineers Gate Manager LP, and WINTON GROUP Ltd.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is TrueBlue's stock price today?

One share of TBI stock can currently be purchased for approximately $20.27.

How big of a company is TrueBlue?

TrueBlue has a market capitalization of $719.04 million and generates $2.37 billion in revenue each year. The business services provider earns $63.07 million in net income (profit) each year or $2.05 on an earnings per share basis. TrueBlue employs 6,200 workers across the globe.

What is TrueBlue's official website?

The official website for TrueBlue is www.trueblue.com.

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]

This page was last updated on 11/29/2020 by MarketBeat.com Staff

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