Trueblue (NYSE:TBI) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.18-0.24 for the period, compared to the Thomson Reuters consensus estimate of $0.25. The company issued revenue guidance of $557-572 million, compared to the consensus revenue estimate of $576.56 million.

Shares of Trueblue (TBI) traded up $0.20 during mid-day trading on Wednesday, hitting $25.90. 497,638 shares of the stock traded hands, compared to its average volume of 182,266. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market cap of $1,070.00, a PE ratio of 18.91 and a beta of 2.27. Trueblue has a 1 year low of $19.30 and a 1 year high of $29.50.

Trueblue declared that its board has approved a share buyback plan on Monday, October 30th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of research analysts have commented on TBI shares. Robert W. Baird upped their target price on shares of Trueblue from $25.00 to $26.00 and gave the company a neutral rating in a research report on Tuesday, October 31st. Zacks Investment Research cut shares of Trueblue from a hold rating to a sell rating in a research report on Thursday, November 2nd. BMO Capital Markets reaffirmed a hold rating and issued a $23.00 target price on shares of Trueblue in a research report on Friday, October 13th. Finally, TheStreet raised shares of Trueblue from a c+ rating to a b rating in a research report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $28.00.

In other Trueblue news, EVP Wayne W. Larkin sold 12,600 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $28.54, for a total value of $359,604.00. Following the transaction, the executive vice president now owns 39,461 shares of the company’s stock, valued at $1,126,216.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP James E. Defebaugh sold 7,500 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $28.16, for a total transaction of $211,200.00. The disclosure for this sale can be found here. Insiders sold 44,000 shares of company stock worth $1,241,438 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

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About Trueblue

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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