Headlines about TrueBlue (NYSE:TBI) have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TrueBlue earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 45.2633615287986 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s analysis:
- TrueBlue (TBI) vs. On Assignment (ASGN) Head to Head Review (americanbankingnews.com)
- MEDIA ADVISORY: PeopleReady Hiring to Immediately Fill 2,000 Jobs For Houston Recovery Effort (finance.yahoo.com)
- Media Advisory: TrueBlue COO Patrick Beharelle Available to Discuss Effort to Immediately Hire 2,000 Workers for Houston Recovery Effort, Preparedness Plans for Hurricane Irma (finance.yahoo.com)
- Head to Head Survey: TrueBlue (TBI) vs. Kforce (KFRC) (americanbankingnews.com)
- TrueBlue, Inc. (TBI) EVP Wayne W. Larkin Sells 10,000 Shares (americanbankingnews.com)
A number of research firms recently issued reports on TBI. ValuEngine lowered TrueBlue from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BMO Capital Markets reaffirmed a “hold” rating and issued a $23.00 target price (down previously from $26.00) on shares of TrueBlue in a research note on Friday, August 11th. BidaskClub lowered TrueBlue from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. TheStreet raised TrueBlue from a “c” rating to a “b” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research lowered TrueBlue from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $21.25.
TrueBlue (TBI) opened at 21.15 on Tuesday. The stock has a market cap of $879.37 million, a price-to-earnings ratio of 14.94 and a beta of 2.38. TrueBlue has a 52 week low of $16.50 and a 52 week high of $28.70. The firm’s 50 day moving average price is $21.41 and its 200-day moving average price is $25.36.
TrueBlue (NYSE:TBI) last posted its quarterly earnings data on Monday, July 31st. The business services provider reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. TrueBlue had a net margin of 2.27% and a return on equity of 15.18%. The firm had revenue of $610.10 million during the quarter, compared to analyst estimates of $610.04 million. During the same quarter last year, the business posted $0.54 EPS. The company’s revenue was down 9.3% on a year-over-year basis. Analysts expect that TrueBlue will post $1.69 EPS for the current year.
In related news, EVP Wayne W. Larkin sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $20.38, for a total value of $203,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company’s stock.
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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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