TrueBlue (TBI) Earns Media Sentiment Score of 0.19

Media coverage about TrueBlue (NYSE:TBI) has been trending somewhat positive on Thursday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of 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 assigned news stories about the business services provider an impact score of 46.4163629384563 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of TrueBlue (NYSE:TBI) opened at $27.30 on Thursday. TrueBlue has a 52-week low of $19.30 and a 52-week high of $29.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market cap of $1,149.85, a P/E ratio of 15.53 and a beta of 2.38.

TrueBlue (NYSE:TBI) last announced its quarterly earnings data on Monday, October 30th. The business services provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.02. TrueBlue had a net margin of 2.22% and a return on equity of 14.05%. The company had revenue of $660.78 million for the quarter, compared to the consensus estimate of $651.91 million. During the same period in the prior year, the firm posted $0.70 EPS. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. equities research analysts anticipate that TrueBlue will post 1.7 earnings per share for the current year.

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 purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

A number of brokerages have commented on TBI. ValuEngine downgraded shares of TrueBlue from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reissued a “hold” rating and issued a $25.00 price objective on shares of TrueBlue in a research report on Friday, October 6th. TheStreet downgraded shares of TrueBlue from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. BMO Capital Markets reissued a “hold” rating and issued a $23.00 price objective on shares of TrueBlue in a research report on Friday, October 13th. Finally, Zacks Investment Research downgraded shares of TrueBlue from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. TrueBlue has an average rating of “Hold” and a consensus price target of $26.00.

In related news, EVP Wayne W. Larkin sold 12,600 shares of the stock in a transaction on 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 directly owns 39,461 shares of the company’s stock, valued at approximately $1,126,216.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Steven C. Cooper sold 23,900 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $28.06, for a total transaction of $670,634.00. The disclosure for this sale can be found here. Insiders sold a total of 79,985 shares of company stock worth $2,169,509 over the last ninety days. Insiders own 2.00% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for TrueBlue (NYSE:TBI)

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