TrueBlue Stock Sees Q4 Earnings Forecast Reduced at Sidoti

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

TBI has been the topic of a number of other research reports. Weiss Ratings reiterated 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 TrueBlue in a report on Wednesday, August 5th. Finally, Wall Street Zen raised TrueBlue from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, TrueBlue has an average rating of “Reduce” and a consensus price target of $9.50.

TrueBlue Stock Up 4.2%

TBI stock opened at $12.66 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.33 and a current ratio of 2.33. The business has a 50 day simple moving average of $9.49 and a 200-day simple moving average of $6.98. TrueBlue has a 1 year low of $3.18 and a 1 year high of $13.59.

TrueBlue (NYSE:TBI) last released its earnings results on Wednesday, November 4th. The business services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.14. The business had revenue of $520.74 million for the quarter, compared to analyst estimates of $468.06 million. TrueBlue had a negative net margin of 2.55% and a negative return on equity of 2.85%.

Institutional Trading of TrueBlue

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in TrueBlue in the second quarter worth approximately $15,550,000. Bank of America Corp DE acquired a new stake in TrueBlue during the second quarter worth $2,225,000. Renaissance Technologies LLC increased its stake 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 last quarter. Pzena Investment Management LLC purchased a new stake in TrueBlue in the second quarter valued at $21,543,000. Finally, Bank of New York Mellon Corp purchased a new stake in TrueBlue in the second quarter valued at $643,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

About TrueBlue

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.