Equities research analysts expect TrueBlue, Inc. (NYSE:TBI) to report earnings of $0.58 per share for the current quarter, Zacks reports. Two analysts have made estimates for TrueBlue’s earnings. TrueBlue posted earnings per share of $0.70 during the same quarter last year, which suggests a negative year-over-year growth rate of 17.1%. The company is scheduled to announce its next earnings results on Wednesday, October 18th.

On average, analysts expect that TrueBlue will report full year earnings of $1.70 per share for the current year, with EPS estimates ranging from $1.68 to $1.73. For the next year, analysts forecast that the firm will post earnings of $1.84 per share, with EPS estimates ranging from $1.80 to $1.86. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for TrueBlue.

TrueBlue (NYSE:TBI) last posted its quarterly earnings data on Monday, July 31st. The business services provider reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. TrueBlue had a return on equity of 15.18% and a net margin of 2.27%. The firm had revenue of $610.10 million during the quarter, compared to analysts’ expectations of $610.04 million. During the same period in the prior year, the business earned $0.54 EPS. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year.

Several research firms recently commented on TBI. Zacks Investment Research lowered TrueBlue from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. BMO Capital Markets reiterated a “sell” rating and issued a $25.00 price target on shares of TrueBlue in a research report on Wednesday, May 3rd. TheStreet upgraded TrueBlue from a “c” rating to a “b” rating in a research report on Monday, July 31st. Finally, BidaskClub lowered TrueBlue from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. TrueBlue has a consensus rating of “Hold” and an average target price of $21.25.

TrueBlue (NYSE:TBI) traded up 0.25% during midday trading on Friday, hitting $19.80. The stock had a trading volume of 354,754 shares. TrueBlue has a 1-year low of $16.50 and a 1-year high of $28.70. The company has a market capitalization of $831.64 million, a PE ratio of 13.94 and a beta of 2.34. The stock’s 50-day moving average is $24.17 and its 200-day moving average is $25.85.

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In other TrueBlue news, Director Joseph P. Sambataro, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $28.32, for a total transaction of $708,000.00. Following the completion of the transaction, the director now owns 73,581 shares in the company, valued at $2,083,813.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Derrek Lane Gafford sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $27.75, for a total value of $555,000.00. Following the transaction, the chief financial officer now owns 91,859 shares of the company’s stock, valued at approximately $2,549,087.25. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its position in shares of TrueBlue by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 4,660 shares of the business services provider’s stock valued at $127,000 after buying an additional 60 shares during the period. Nordea Investment Management AB acquired a new position in shares of TrueBlue during the first quarter valued at about $170,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of TrueBlue during the second quarter valued at about $236,000. 1st Global Advisors Inc. raised its position in shares of TrueBlue by 1.4% in the first quarter. 1st Global Advisors Inc. now owns 8,754 shares of the business services provider’s stock valued at $239,000 after buying an additional 120 shares during the period. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of TrueBlue during the second quarter valued at about $244,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

TrueBlue Company Profile

TrueBlue, Inc is a provider of specialized workforce solutions. The Company is engaged in providing staffing, on-site workforce management and recruitment process outsourcing services. The Company operates through three segments: PeopleReady, PeopleManagement and PeopleScout. Its PeopleReady segment provides blue-collar contingent staffing through the PeopleReady service line.

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