Media headlines about TrueBlue (NYSE:TBI) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. TrueBlue earned a news impact score of 0.19 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 45.884167194316 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- PeopleScout President Taryn Owen Named to Staffing Industry Analysts’ 2017 Global Power 100 – Women in Staffing List (finance.yahoo.com)
- TrueBlue, Inc. (TBI) Set to Announce Earnings on Tuesday (americanbankingnews.com)
- TrueBlue, Inc. (TBI) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- TrueBlue, Inc. (TBI) Receives “Hold” Rating from Robert W. Baird (americanbankingnews.com)
- TrueBlue, Inc. (TBI) Upgraded at ValuEngine (americanbankingnews.com)
Several analysts have recently weighed in on the stock. BMO Capital Markets reissued a “hold” rating and issued a $23.00 price target (down previously from $26.00) on shares of TrueBlue in a research note on Friday, August 11th. Zacks Investment Research raised shares of TrueBlue from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub cut shares of TrueBlue from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. TheStreet raised shares of TrueBlue from a “c” rating to a “b” rating in a research note on Monday, July 31st. Finally, ValuEngine raised shares of TrueBlue from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. One research 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’s stock. The company currently has a consensus rating of “Hold” and an average target price of $20.25.
Shares of TrueBlue (NYSE TBI) opened at 23.65 on Thursday. The stock has a market cap of $983.32 million, a PE ratio of 16.70 and a beta of 2.40. TrueBlue has a 1-year low of $16.50 and a 1-year high of $28.70. The stock has a 50 day moving average of $21.49 and a 200 day moving average of $24.66.
TrueBlue (NYSE:TBI) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $610.04 million. TrueBlue had a net margin of 2.27% and a return on equity of 15.18%. The company’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. Equities research analysts forecast that TrueBlue will post $1.69 EPS for the current year.
In related news, EVP Wayne W. Larkin sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $23.00, for a total value of $230,000.00. Following the completion of the sale, the executive vice president now directly owns 52,061 shares in the company, valued at $1,197,403. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.
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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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