TrueBlue Stock Sees Q4 Earnings Estimate Reduced at Sidoti

TrueBlue, Inc. (NYSE:TBI) – Sidoti reduced their Q4 2026 earnings per share estimates for TrueBlue in a research note issued on Thursday, November 5th. Sidoti analyst M. Riddick now expects that the business services provider will post earnings of $0.06 per share for the quarter, down from their prior forecast of $0.20. The consensus estimate for TrueBlue’s current full-year earnings is $0.06 per share.

Other equities research analysts have also issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of TrueBlue in a research report on Tuesday, September 29th. Robert W. Baird set a $9.50 target price on shares of TrueBlue in a report on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of TrueBlue from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $9.50.

TrueBlue Stock Down 0.4%

TrueBlue stock opened at $12.10 on Monday. TrueBlue has a 52 week low of $3.18 and a 52 week high of $13.59. The business’s 50-day moving average price is $9.45 and its 200 day moving average price is $6.95. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.32.

TrueBlue (NYSE:TBI) last issued its quarterly earnings results on Wednesday, November 4th. The business services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.14. TrueBlue had a negative net margin of 2.55% and a negative return on equity of 2.86%. The company had revenue of $520.74 million for the quarter, compared to the consensus estimate of $468.06 million.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Pzena Investment Management LLC purchased a new position in shares of TrueBlue during the 2nd quarter valued at approximately $21,543,000. Royce & Associates LP increased its holdings in TrueBlue by 2.9% in the 3rd quarter. Royce & Associates LP now owns 2,874,015 shares of the business services provider’s stock worth $26,441,000 after acquiring an additional 81,403 shares in the last quarter. BlackRock Inc. acquired a new position in TrueBlue during the second quarter worth $15,550,000. Bank of America Corp DE raised its position in TrueBlue by 43.0% during the first quarter. Bank of America Corp DE now owns 459,530 shares of the business services provider’s stock worth $1,797,000 after acquiring an additional 138,229 shares during the period. Finally, Renaissance Technologies LLC raised its position in TrueBlue by 128.7% during the first quarter. Renaissance Technologies LLC now owns 220,934 shares of the business services provider’s stock worth $864,000 after acquiring an additional 124,334 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

TrueBlue Company Profile

TrueBlue, Inc (NYSE:TBI) is a workforce solutions company that connects businesses with employees and provides staffing, recruiting and workforce management services. Its offerings support employers seeking temporary, contingent and permanent workers across a range of industries, including manufacturing, logistics, retail, hospitality, construction and other commercial sectors.

The company operates through several specialized brands. PeopleReady provides industrial and general labor staffing, while PeopleManagement offers on-site workforce management and contingent labor solutions.