NYSE:TBI

Trueblue Stock Forecast, Price & News

$16.65

+0.33 (+2.02 %)

(As of 09/18/2020 12:00 AM ET)

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Today's Range

$16.35

Now: $16.65▼

$16.74

50-Day Range

$15.29

MA: $16.24▼

$17.03

52-Week Range

$12.02

Now: $16.65▼

$24.98

Volume540,600 shs

Average Volume352,205 shs

Market Capitalization$600.42 million

P/E RatioN/A

Dividend YieldN/A

Beta1.81

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^™

1.1 Analyst's Opinion

Consensus Rating
Trueblue has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.00, Trueblue has a forecasted downside of 3.9% from its current price of $16.65.
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 305 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Trueblue has received 342 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Trueblue has received 52.86% “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
95.02% of the stock of Trueblue is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Trueblue are expected to grow by 417.65% in the coming year, from $0.17 to $0.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Trueblue is -4.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Trueblue is -4.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Trueblue has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.28 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

Webwww.trueblue.com

Phone253-383-9101

Debt

Debt-to-Equity Ratio0.04

Current Ratio1.64

Quick Ratio1.64

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio97.94

P/E GrowthN/A

Sales & Book Value

Annual Sales$2.37 billion

Price / Sales0.25

Cash Flow$3.12 per share

Price / Cash Flow5.34

Book Value$16.07 per share

Price / Book1.04

Profitability

EPS (Most Recent Fiscal Year)$2.05

Net Income$63.07 million

Net Margins-5.92%

Return on Equity7.74%

Return on Assets3.73%

Miscellaneous

Employees6,200

Outstanding Shares36,061,000

Market Cap$600.42 million

Next Earnings Date10/26/2020 (Estimated)

OptionableOptionable

$16.65

+0.33 (+2.02 %)

(As of 09/18/2020 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?

Trueblue's stock was trading at $13.35 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TBI stock has increased by 24.7% and is now trading at $16.65.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Trueblue?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Trueblue in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Trueblue.

When is Trueblue's next earnings date?

Trueblue is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Trueblue.

How were Trueblue's earnings last quarter?

Trueblue Inc (NYSE:TBI) issued its quarterly earnings results on Monday, July, 27th. The business services provider reported ($0.12) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.42) by $0.30. The business services provider earned $358.94 million during the quarter, compared to analyst estimates of $347.20 million. Trueblue had a negative net margin of 5.92% and a positive return on equity of 7.74%. The business's quarterly revenue was down 39.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS.
View Trueblue's earnings history.

What price target have analysts set for TBI?

4 brokers have issued 12-month price objectives for Trueblue's shares. Their forecasts range from $15.00 to $17.00. On average, they anticipate Trueblue's share price to reach $16.00 in the next twelve months. This suggests that the stock has a possible downside of 3.9%.
View analysts' price targets for Trueblue.

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), 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).
View all 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 IBM (IBM), Intel (INTC), NVIDIA (NVDA), Vertex Pharmaceuticals (VRTX), Gilead Sciences (GILD), 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 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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.45%), ArrowMark Colorado Holdings LLC (6.28%), Charles Schwab Investment Management Inc. (1.70%), Chartwell Investment Partners LLC (1.68%), Jacobs Levy Equity Management Inc. (1.65%) and Bank of New York Mellon Corp (1.20%). Company insiders that own Trueblue stock include A Patrick Beharelle, 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 Vanguard Group Inc., AQR Capital Management LLC, Goldman Sachs Group Inc., UBS Group AG, Charles Schwab Investment Management Inc., Tocqueville Asset Management L.P., Prudential Financial Inc., and SG Americas Securities LLC.
View insider buying and selling activity for Trueblue.

Which institutional investors are buying Trueblue stock?

TBI stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, FMR LLC, Jacobs Levy Equity Management Inc., Two Sigma Advisers LP, Jane Street Group LLC, Cubist Systematic Strategies LLC, Grantham Mayo Van Otterloo & Co. LLC, and Exchange Traded Concepts LLC.
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 $16.65.

How big of a company is Trueblue?

Trueblue has a market capitalization of $600.42 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 9/19/2020 by MarketBeat.com Staff

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