News coverage about Trueblue (NYSE:TBI) has been trending somewhat positive on Monday, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Trueblue earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 47.5282305052661 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Trueblue opened at $25.85 on Monday, Marketbeat reports. Trueblue has a 12-month low of $19.30 and a 12-month high of $29.50. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 14.71 and a beta of 2.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.92 and a quick ratio of 1.92.
Trueblue (NYSE:TBI) last announced its quarterly earnings results on Monday, April 30th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.09. The company had revenue of $554.39 million during the quarter, compared to the consensus estimate of $570.40 million. Trueblue had a return on equity of 13.81% and a net margin of 2.39%. Trueblue’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. sell-side analysts anticipate that Trueblue will post 2.16 EPS for the current year.
A number of brokerages have issued reports on TBI. TheStreet downgraded Trueblue from a “b-” rating to a “c” rating in a report on Wednesday, May 16th. Zacks Investment Research downgraded Trueblue from a “hold” rating to a “sell” rating in a report on Thursday, May 3rd. ValuEngine downgraded Trueblue from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, BMO Capital Markets decreased their price target on Trueblue from $30.00 to $29.00 and set a “market perform” rating for the company in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $28.67.
TrueBlue, Inc provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers a range of staffing solutions for blue-collar, contingent on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, hospitality, general labor, and other industries under the Labor Ready, CLP Resources, and Spartan Staffing brands.
Receive News & Ratings for Trueblue Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trueblue and related companies with MarketBeat.com's FREE daily email newsletter.