Somewhat Positive Press Coverage Somewhat Unlikely to Affect TrueBlue (TBI) Stock Price
News articles about TrueBlue (NYSE:TBI) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TrueBlue earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 45.7479662840053 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of TrueBlue (NYSE TBI) opened at 23.20 on Friday. The company has a 50-day moving average price of $21.07 and a 200 day moving average price of $24.78. TrueBlue has a one year low of $16.50 and a one year high of $28.70. The firm has a market capitalization of $964.61 million, a P/E ratio of 16.38 and a beta of 2.40.
TrueBlue (NYSE:TBI) last released its quarterly earnings results on Monday, July 31st. The business services provider reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. The business had revenue of $610.10 million for the quarter, compared to the consensus estimate of $610.04 million. TrueBlue had a net margin of 2.27% and a return on equity of 15.18%. TrueBlue’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. Analysts expect that TrueBlue will post $1.69 earnings per share for the current fiscal year.
Several analysts recently issued reports on TBI shares. TheStreet upgraded TrueBlue from a “c” rating to a “b” rating in a report on Monday, July 31st. Zacks Investment Research upgraded TrueBlue from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine downgraded TrueBlue from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub downgraded TrueBlue from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $23.00 price target (down from $26.00) on shares of TrueBlue in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. TrueBlue currently has an average rating of “Hold” and an average price target of $18.67.
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In related news, EVP Wayne W. Larkin sold 10,000 shares of TrueBlue stock in a transaction on Friday, September 1st. The shares were sold at an average price of $20.38, for a total value of $203,800.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.
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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