TrueBlue (NYSE:TBI) posted its quarterly earnings data on Monday. The business services provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.22, MarketWatch Earnings reports. TrueBlue had a positive return on equity of 7.74% and a negative net margin of 5.92%. The firm had revenue of $474.53 million during the quarter, compared to analysts’ expectations of $453.92 million. During the same period in the prior year, the business earned $0.76 EPS. The company’s revenue for the quarter was down 25.5% compared to the same quarter last year.
Shares of TBI stock opened at $15.70 on Wednesday. The stock has a market capitalization of $566.16 million, a PE ratio of -4.67 and a beta of 1.81. TrueBlue has a 1-year low of $12.02 and a 1-year high of $24.98. The business has a 50-day moving average of $16.62 and a 200 day moving average of $15.46. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.64 and a quick ratio of 1.64.
TBI has been the subject of a number of research reports. Northcoast Research upgraded TrueBlue from a “neutral” rating to a “buy” rating in a report on Tuesday, July 21st. Credit Suisse Group upped their price objective on TrueBlue from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Sidoti increased their target price on TrueBlue from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, October 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $18.00.
TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers a range of contingent staffing solutions for blue-collar, on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, general labor, and other industries.
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