NYSE:TBITrueblue Stock Price, Forecast & News

$14.18

+0.58 (+4.26 %)

(As of 04/8/2020 03:22 PM ET)

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Today's Range

$13.60

Now: $14.18▼

$14.40

50-Day Range

$12.04

MA: $14.11▼

$16.72

52-Week Range

$12.02

Now: $14.18▼

$25.75

Volume19,201 shs

Average Volume353,651 shs

Market Capitalization$547.75 million

P/E Ratio8.81

Dividend YieldN/A

Beta1.79

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, energy, retail, 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 recruitment and on-premise management services, and temporary and dedicated drivers for the transportation and distribution industries under Staff Management, SIMOS Insourcing Solutions, 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.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Trueblue has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $23.00, Trueblue has a potential upside of 62.2% from its current price of $14.18.
Amount of Analyst Coverage
Trueblue has only been the subject of 1 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Trueblue has received 304 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Trueblue has received 334 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Trueblue has received 52.35% “underperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Trueblue does not currently pay a dividend.
Dividend Growth
Trueblue does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Trueblue insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.00% of the stock of Trueblue is held by insiders.
Percentage Held by Institutions
94.81% of the stock of Trueblue is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Trueblue are expected to grow by 16.67% in the coming year, from $1.62 to $1.89 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Trueblue is 8.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 12.24.
Price to Earnings Ratio vs. Sector
The P/E ratio of Trueblue is 8.81, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 18.50.
Price to Book Value per Share Ratio
Trueblue has a P/B Ratio of 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.83 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Help supply services

Sub-IndustryHuman Resource & Employment Services

SectorBusiness Services

Current SymbolNYSE:TBI

Previous Symbol

CUSIP89785X10

CIK768899

Webhttp://www.trueblue.com/

Phone253-383-9101

Debt

Debt-to-Equity Ratio0.11

Current Ratio1.83

Quick Ratio1.83

Price-To-Earnings

Trailing P/E Ratio8.81

Forward P/E Ratio8.75

P/E GrowthN/A

Sales & Book Value

Annual Sales$2.37 billion

Price / Sales0.23

Cash Flow$3.28 per share

Price / Cash Flow4.32

Book Value$16.07 per share

Price / Book0.88

Profitability

EPS (Most Recent Fiscal Year)$2.05

Net Income$63.07 million

Net Margins2.66%

Return on Equity13.06%

Return on Assets7.20%

Miscellaneous

Employees6,200

Outstanding Shares38,628,000

Market Cap$547.75 million

Next Earnings Date5/4/2020 (Estimated)

OptionableOptionable

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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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TBI shares have increased by 6.2% and is now trading at $14.18. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Trueblue?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Trueblue in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Trueblue.

When is Trueblue's next earnings date?

Trueblue is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for Trueblue.

How were Trueblue's earnings last quarter?

Trueblue Inc (NYSE:TBI) posted its quarterly earnings results on Wednesday, February, 5th. The business services provider reported $0.39 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.41 by $0.02. The business services provider earned $591 million during the quarter, compared to analysts' expectations of $601.26 million. Trueblue had a net margin of 2.66% and a return on equity of 13.06%. Trueblue's quarterly revenue was down 9.1% on a year-over-year basis. During the same period last year, the company earned $0.61 EPS. View Trueblue's earnings history.

What guidance has Trueblue issued on next quarter's earnings?

Trueblue updated its first quarter earnings guidance on Wednesday, February, 5th. The company provided earnings per share (EPS) guidance of $0.04-0.11 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.23. The company issued revenue guidance of $503-528 million, compared to the consensus revenue estimate of $520.08 million.

What price target have analysts set for TBI?

2 brokerages have issued 1-year price targets for Trueblue's stock. Their forecasts range from $20.00 to $26.00. On average, they anticipate Trueblue's share price to reach $23.00 in the next year. This suggests a possible upside of 62.2% from the stock's current price. View analysts' price targets for Trueblue.

Has Trueblue been receiving favorable news coverage?

Media stories about TBI stock have trended very negative on Wednesday, according to InfoTrie Sentiment. The research group identifies negative and positive press 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 nearest to five being the most favorable. Trueblue earned a news impact score of -3.3 on InfoTrie's scale. They also gave news headlines about the business services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutTrueblue.

Who are some of Trueblue's key competitors?

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

What other stocks do shareholders of Trueblue own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Trueblue investors own include IBM (IBM), Intel (INTC), AT&T (T), NVIDIA (NVDA), Roku (ROKU), SpartanNash (SPTN), Vertex Pharmaceuticals (VRTX), GrubHub (GRUB), Goldman Sachs Group (GS) and USANA Health Sciences (USNA).

Who are Trueblue's key executives?

Trueblue's management team includes the following people:

Mr. A. Patrick Beharelle, CEO & Director (Age 49)
Mr. Derrek L. Gafford, Exec. VP & CFO (Age 48)
Mr. James E. Defebaugh IV, Exec. VP, Gen. Counsel & Sec. (Age 64)
Ms. Taryn R. Owen, Exec. VP (Age 40)
Mr. Sean Ebner, Exec. VP (Age 49)

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 number of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.09%). Company insiders that own Trueblue stock include A Patrick Beharelle, 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.

Which major investors are buying Trueblue stock?

TBI stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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 $14.18.

How big of a company is Trueblue?

Trueblue has a market capitalization of $547.75 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. View additional information about Trueblue.

What is Trueblue's official website?

The official website for Trueblue is http://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 4/8/2020 by MarketBeat.com Staff

NYSE:TBITrueblue Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

3.3 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage