Media stories about Trueblue (NYSE:TBI) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Trueblue earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 45.3296498009881 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
TBI has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Trueblue from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. ValuEngine cut shares of Trueblue from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, TheStreet cut shares of Trueblue from a “b-” rating to a “c” rating in a research report on Wednesday, May 16th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $28.67.
Get Trueblue alerts:Shares of TBI traded up $0.30 during trading on Monday, reaching $28.00. 2,552 shares of the company traded hands, compared to its average volume of 264,376. Trueblue has a twelve month low of $19.30 and a twelve month high of $29.50. The stock has a market cap of $1.15 billion, a PE ratio of 16.09 and a beta of 2.07. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.92 and a quick ratio of 1.92.
Trueblue (NYSE:TBI) last posted its quarterly earnings data on Monday, April 30th. The business services provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.09. Trueblue had a net margin of 2.39% and a return on equity of 13.81%. The business had revenue of $554.39 million during the quarter, compared to analyst estimates of $570.40 million. During the same quarter last year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. sell-side analysts expect that Trueblue will post 2.16 earnings per share for the current fiscal year.
About Trueblue
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, hospitality, general labor, and other industries under the Labor Ready, CLP Resources, and Spartan Staffing brands.
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