TrueBlue (TBI) Scheduled to Post Quarterly Earnings on Monday

TrueBlue (NYSE:TBIGet Rating) is set to post its quarterly earnings results after the market closes on Monday, April 25th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

TrueBlue (NYSE:TBIGet Rating) last released its quarterly earnings results on Wednesday, February 2nd. The business services provider reported $0.69 earnings per share for the quarter. The company had revenue of $621.93 million for the quarter, compared to analysts’ expectations of $582.21 million. TrueBlue had a return on equity of 14.97% and a net margin of 2.84%. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 earnings per share.

NYSE:TBI opened at $28.23 on Monday. The stock has a market cap of $989.74 million, a P/E ratio of 16.13 and a beta of 1.49. The stock’s 50-day moving average is $27.64 and its 200-day moving average is $27.92. TrueBlue has a 1-year low of $21.88 and a 1-year high of $32.91.

In related news, CAO Richard Christensen sold 2,404 shares of the stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $27.62, for a total value of $66,398.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Derrek Lane Gafford bought 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 8th. The stock was purchased at an average price of $25.21 per share, for a total transaction of $378,150.00. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in TrueBlue by 310.3% during the 2nd quarter. Royal Bank of Canada now owns 2,618 shares of the business services provider’s stock valued at $73,000 after acquiring an additional 1,980 shares in the last quarter. Morgan Stanley increased its holdings in TrueBlue by 10.5% in the 2nd quarter. Morgan Stanley now owns 142,966 shares of the business services provider’s stock worth $4,019,000 after acquiring an additional 13,627 shares during the last quarter. Barclays PLC increased its holdings in TrueBlue by 61.1% in the 4th quarter. Barclays PLC now owns 45,707 shares of the business services provider’s stock worth $1,264,000 after acquiring an additional 17,328 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in TrueBlue by 3.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 61,493 shares of the business services provider’s stock worth $1,701,000 after acquiring an additional 2,279 shares during the last quarter. Finally, State Street Corp increased its holdings in TrueBlue by 3.6% in the 4th quarter. State Street Corp now owns 1,234,759 shares of the business services provider’s stock worth $34,166,000 after acquiring an additional 43,095 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

Several analysts have recently weighed in on the company. Sidoti assumed coverage on TrueBlue in a report on Monday, April 11th. They set a “buy” rating on the stock. StockNews.com upgraded TrueBlue from a “buy” rating to a “strong-buy” rating in a report on Friday, April 8th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $30.33.

TrueBlue Company Profile (Get Rating)

TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers contingent staffing solutions for blue-collar, on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, and general labor industries.

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Earnings History for TrueBlue (NYSE:TBI)

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