TrueBlue, Inc. (NYSE:TBI – Get Free Report) Director Sonita Lontoh sold 2,186 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $6.73, for a total value of $14,711.78. Following the sale, the director directly owned 72,733 shares of the company’s stock, valued at approximately $489,493.09. This trade represents a 2.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
TrueBlue Trading Up 0.5%
TBI stock traded up $0.04 during midday trading on Monday, hitting $6.67. 24,701 shares of the company’s stock were exchanged, compared to its average volume of 320,055. The business has a 50-day simple moving average of $5.00 and a two-hundred day simple moving average of $4.75. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $202.62 million, a PE ratio of -3.74 and a beta of 1.64. TrueBlue, Inc. has a 1-year low of $3.18 and a 1-year high of $7.78.
TrueBlue (NYSE:TBI – Get Free Report) last posted its earnings results on Tuesday, May 5th. The business services provider reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $0.04. The company had revenue of $398.57 million during the quarter, compared to analysts’ expectations of $390.51 million. TrueBlue had a negative return on equity of 7.37% and a negative net margin of 3.25%. On average, sell-side analysts predict that TrueBlue, Inc. will post -0.09 EPS for the current fiscal year.
Institutional Trading of TrueBlue
Wall Street Analysts Forecast Growth
Several research analysts recently commented on TBI shares. Wall Street Zen cut TrueBlue from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Robert W. Baird set a $5.50 price target on TrueBlue in a report on Thursday, February 19th. Zacks Research raised TrueBlue from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Finally, Weiss Ratings raised TrueBlue from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.75.
About TrueBlue
TrueBlue, Inc is a Tacoma, Washington–based workforce solutions provider specializing in temporary staffing, permanent placement and managed service solutions. Operating through its subsidiaries and brands, TrueBlue connects clients across manufacturing, logistics, retail, construction and public sector markets with skilled professionals for both short-term and long-term engagements. The company’s offerings encompass on-demand blue-collar labor, specialized industrial staffing, recruitment process outsourcing (RPO) and contingent workforce management.
TrueBlue’s primary service lines include PeopleReady, which supplies general labor for construction, hospitality and event services; PeopleManagement, which focuses on technical and industrial professionals; PeopleScout, a global RPO business offering end-to-end talent acquisition and consulting; and Staff Management | SMX, which delivers seasonal staffing for large-scale events, amusement parks and federal workforce contracts.
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