Should I buy or sell TrueBlue stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TrueBlue in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TBI shares. View TBI analyst ratings or view top-rated stocks .

What is TrueBlue's stock price target for 2024?

1 Wall Street research analysts have issued 1 year price objectives for TrueBlue's stock. Their TBI share price targets range from $18.00 to $20.00. On average, they predict the company's share price to reach $19.00 in the next year. This suggests a possible upside of 82.3% from the stock's current price. View analysts price targets for TBI or view top-rated stocks among Wall Street analysts .

How have TBI shares performed in 2024?

TrueBlue's stock was trading at $15.34 at the beginning of 2024. Since then, TBI stock has decreased by 32.1% and is now trading at $10.42. View the best growth stocks for 2024 here .

Are investors shorting TrueBlue?

TrueBlue saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 884,600 shares, a decline of 46.1% from the March 15th total of 1,640,000 shares. Based on an average daily trading volume, of 446,300 shares, the short-interest ratio is presently 2.0 days. Currently, 3.0% of the shares of the company are short sold. View TrueBlue's Short Interest .

When is TrueBlue's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024. View our TBI earnings forecast .

How were TrueBlue's earnings last quarter?

TrueBlue, Inc. (NYSE:TBI) posted its quarterly earnings data on Wednesday, February, 21st. The business services provider reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.23. The business services provider earned $492.17 million during the quarter, compared to analysts' expectations of $472.53 million. TrueBlue had a positive trailing twelve-month return on equity of 2.39% and a negative net margin of 0.74%. The business's revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

What ETF holds TrueBlue's stock?

First Trust Dow Jones Select Microcap Index Fund holds 83,212 shares of TBI stock, representing 0.79% of its portfolio.

What guidance has TrueBlue issued on next quarter's earnings?

TrueBlue issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $392.0 million-$417.0 million, compared to the consensus revenue estimate of $425.3 million.

What is Patrick Beharelle's approval rating as TrueBlue's CEO?

34 employees have rated TrueBlue Chief Executive Officer Patrick Beharelle on Glassdoor.com . Patrick Beharelle has an approval rating of 56% among the company's employees. This puts Patrick Beharelle in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of TrueBlue own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TrueBlue investors own include International Business Machines (IBM) , Intel (INTC) , NVIDIA (NVDA) , Vertex Pharmaceuticals (VRTX) , Gilead Sciences (GILD) , The Goldman Sachs Group (GS) , AT&T (T) , Zynga (ZNGA) , AbbVie (ABBV) and Amgen (AMGN) .

How do I buy shares of TrueBlue?

Shares of TBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:TBI

TrueBlue (TBI) Stock Price, News & Analysis

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Free TBI Stock Alerts

$10.53

+0.13 (+1.25%)

(As of 12:06 PM ET)

Compare

Today's Range: $10.36
▼
$10.56
50-Day Range: $10.40
▼
$13.56
52-Week Range: $10.15
▼
$19.06

Volume: 45,200 shs
Average Volume: 427,692 shs
Market Capitalization: $330.54 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $19.00

Get TrueBlue alerts:

TrueBlue MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 82.3% Upside
$19.00 Price Target
Short Interest: Healthy
2.97% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.51) to $1.11 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.17 out of 5 stars

Business Services Sector

114th out of 312 stocks

Help Supply Services Industry

11th out of 17 stocks

3.5

Analyst's Opinion

Consensus Rating
TrueBlue has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
TrueBlue has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.97% of the float of TrueBlue has been sold short.
Short Interest Ratio / Days to Cover
TrueBlue has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in TrueBlue has recently decreased by 46.06%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
TrueBlue does not currently pay a dividend.
Dividend Growth
TrueBlue does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TBI.

2.1

News and Social Media Coverage

News Sentiment
TrueBlue has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Business Services companies.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TrueBlue insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.00% of the stock of TrueBlue is held by insiders.
Percentage Held by Institutions
97.15% of the stock of TrueBlue is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for TrueBlue are expected to grow in the coming year, from ($0.51) to $1.11 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TrueBlue is -23.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of TrueBlue is -23.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
TrueBlue has a P/B Ratio of 0.71. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About TrueBlue Stock (NYSE:TBI)

TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries. The PeopleManagement segment offers contingent, on-site industrial staffing, and commercial driver services, which includes on-site management and recruitment for the contingent industrial workforce of manufacturing, warehousing, and distribution facilities; and recruitment and management of contingent and dedicated commercial drivers to the transportation and distribution industries under the Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers brands. The company PeopleScout segment provides recruitment process outsourcing, talent advisory services, and managed service provider solutions including sourcing, screening, hiring, and onboarding services; operates Affinix, a technology platform for sourcing, screening, and delivering a permanent workforce to its clients; talent advisory services, such as employer branding, recruitment marketing, talent insights, diversity, equity and inclusion consulting, candidate assessment, and talent acquisition strategy consulting services; and contingent labor programs including vendor selection, performance management, compliance monitoring, and risk management. TrueBlue, Inc. was formerly known as Labor Ready, Inc. and changed its name to TrueBlue, Inc. in December 2007. The company was incorporated in 1985 and is headquartered in Tacoma, Washington.

TBI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TBI Stock News Headlines

April 11, 2024 | americanbankingnews.com

TrueBlue, Inc. (NYSE:TBI) Sees Significant Drop in Short Interest

April 11, 2024 | americanbankingnews.com

TrueBlue, Inc. (NYSE:TBI) Sees Large Drop in Short Interest

April 18, 2024 | TradeSmith (Ad)

A.I. Pioneer Issues Urgent Warning to Americans

According to one early A.I. pioneer: “You can either use this as an unfair advantage to grow your wealth, or you can let it ravage your retirement savings. There’s no middle option.”

April 10, 2024 | finance.yahoo.com

Pleasing Signs As A Number Of Insiders Buy TrueBlue Stock

April 5, 2024 | finance.yahoo.com

TrueBlue (TBI) Fell due to Poor Demand

March 24, 2024 | travel.usnews.com

JetBlue TrueBlue

March 21, 2024 | finance.yahoo.com

Is There Now An Opportunity In TrueBlue, Inc. (NYSE:TBI)?

March 21, 2024 | prnewswire.com

TrueBlue's PeopleReady, PeopleScout and PeopleManagement Named to the Top Workplaces USA List

April 18, 2024 | TradeSmith (Ad)

A.I. Pioneer Issues Urgent Warning to Americans

According to one early A.I. pioneer: “You can either use this as an unfair advantage to grow your wealth, or you can let it ravage your retirement savings. There’s no middle option.”

March 11, 2024 | finance.yahoo.com

TrueBlue President and CEO Recognized by Staffing Industry Analysts for Influential Leadership

March 6, 2024 | prnewswire.com

TrueBlue's Centerline Drivers Announces Drive It Forward Scholarship Winner

March 4, 2024 | finance.yahoo.com

TrueBlue Completes Previously Announced Sale of PeopleReady’s Canadian Staffing Business

March 1, 2024 | finance.yahoo.com

Super Micro Computer and Deckers Outdoor Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600

February 28, 2024 | finance.yahoo.com

TrueBlue, Inc. (NYSE:TBI) Q4 2023 Earnings Call Transcript

February 23, 2024 | markets.businessinsider.com

Trueblue (TBI) Poised for Growth as Sector Recovers: Buy Rating Affirmed

February 23, 2024 | finance.yahoo.com

Is TrueBlue, Inc. (NYSE:TBI) Trading At A 34% Discount?

February 22, 2024 | finance.yahoo.com

Q4 2023 TrueBlue Inc Earnings Call

February 21, 2024 | benzinga.com

TrueBlue: Q4 Earnings Insights

February 21, 2024 | chron.com

TrueBlue: Q4 Earnings Snapshot

February 21, 2024 | msn.com

TrueBlue Non-GAAP EPS of $0.08 beats by $0.07, revenue of $492M beats by $19.47M

February 21, 2024 | finance.yahoo.com

TrueBlue Reports Fourth Quarter and Full-Year 2023 Results

February 21, 2024 | finance.yahoo.com

Vertical Staffing Resources (VSR) Announces Acquisition of PeopleReady's Canadian Staffing Operations

February 21, 2024 | finance.yahoo.com

TrueBlue Inc (TBI) Reports Q4 and Full-Year 2023 Results Amid Market Challenges

February 21, 2024 | businesswire.com

TrueBlue Reports Fourth Quarter and Full-Year 2023 Results

February 21, 2024 | finance.yahoo.com

TrueBlue Announces Sale of PeopleReady’s Canadian Staffing Business

February 21, 2024 | businesswire.com

TrueBlue Announces Sale of PeopleReady's Canadian Staffing Business

February 20, 2024 | markets.businessinsider.com

TrueBlue earnings preview: what Wall Street is expecting

See More Headlines

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Company Calendar

Last Earnings: 2/21/2024
Today: 4/18/2024
Next Earnings (Estimated): 4/22/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Business Services
Industry: Help supply services
Sub-Industry: Human Resource & Employment Services
Current Symbol: NYSE:TBI
CUSIP: 89785X10
CIK: 768899
Web: www.trueblue.com
Phone: (253) 383-9101
Fax: 877-733-0399
Employees: 5,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $19.00
High Stock Price Target: $20.00
Low Stock Price Target: $18.00
Potential Upside/Downside: +82.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.45)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-14,170,000.00
Net Margins: -0.74%
Pretax Margin: -1.08%
Return on Equity: 2.39%
Return on Assets: 1.19%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.74
Quick Ratio: 1.74

Sales & Book Value

Annual Sales: $1.91 billion
Price / Sales: 0.17
Cash Flow: $1.39 per share
Price / Cash Flow: 7.48
Book Value: $14.70 per share
Price / Book: 0.71

Miscellaneous

Outstanding Shares: 31,390,000
Free Float: 30,133,000
Market Cap: $326.46 million
Optionable: Optionable
Beta: 1.48

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Key Executives

Ms. Taryn R. Owen (Age 45)
CEO, President & Director
Comp: $1.49M
Mr. Carl R. Schweihs (Age 38)
Chief Financial Officer
Comp: $1.1M
Mr. Garrett R. Ferencz (Age 46)
Executive VP, General Counsel, Chief Ethics & Compliance Officer, Chief Legal Officer and Secretary
Comp: $829.56k
Mr. Richard B. Christensen (Age 47)
Senior VP, Chief Accounting Officer & Treasurer
Mr. Jeff Dirks
Chief Technology & Information Officer
Ms. Caroline Sabetti
Chief Marketing & Communications Officer
Mr. Greg Netolicky
Chief People Officer
Mr. Anthony Brew
Chief Diversity Officer
Mr. Richard P. Betori
President of PeopleScout
Ms. Kristy Willis
President of PeopleReady

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TBI Stock Analysis - Frequently Asked Questions

Should I buy or sell TrueBlue stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TrueBlue in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TBI shares.
View TBI analyst ratings or view top-rated stocks.
What is TrueBlue's stock price target for 2024?: 1 Wall Street research analysts have issued 1 year price objectives for TrueBlue's stock. Their TBI share price targets range from $18.00 to $20.00. On average, they predict the company's share price to reach $19.00 in the next year. This suggests a possible upside of 82.3% from the stock's current price.
View analysts price targets for TBI or view top-rated stocks among Wall Street analysts.
How have TBI shares performed in 2024?: TrueBlue's stock was trading at $15.34 at the beginning of 2024. Since then, TBI stock has decreased by 32.1% and is now trading at $10.42.
View the best growth stocks for 2024 here.
Are investors shorting TrueBlue?: TrueBlue saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 884,600 shares, a decline of 46.1% from the March 15th total of 1,640,000 shares. Based on an average daily trading volume, of 446,300 shares, the short-interest ratio is presently 2.0 days. Currently, 3.0% of the shares of the company are short sold.
View TrueBlue's Short Interest.
When is TrueBlue's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024.
View our TBI earnings forecast.
How were TrueBlue's earnings last quarter?: TrueBlue, Inc. (NYSE:TBI) posted its quarterly earnings data on Wednesday, February, 21st. The business services provider reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.23. The business services provider earned $492.17 million during the quarter, compared to analysts' expectations of $472.53 million. TrueBlue had a positive trailing twelve-month return on equity of 2.39% and a negative net margin of 0.74%. The business's revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

What ETF holds TrueBlue's stock?: First Trust Dow Jones Select Microcap Index Fund holds 83,212 shares of TBI stock, representing 0.79% of its portfolio.
What guidance has TrueBlue issued on next quarter's earnings?: TrueBlue issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $392.0 million-$417.0 million, compared to the consensus revenue estimate of $425.3 million.
What is Patrick Beharelle's approval rating as TrueBlue's CEO?: 34 employees have rated TrueBlue Chief Executive Officer Patrick Beharelle on Glassdoor.com. Patrick Beharelle has an approval rating of 56% among the company's employees. This puts Patrick Beharelle in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of TrueBlue own?: Based on aggregate information from My MarketBeat watchlists, some companies that other TrueBlue investors own include International Business Machines (IBM), Intel (INTC), NVIDIA (NVDA), Vertex Pharmaceuticals (VRTX), Gilead Sciences (GILD), The Goldman Sachs Group (GS), AT&T (T), Zynga (ZNGA), AbbVie (ABBV) and Amgen (AMGN).
How do I buy shares of TrueBlue?: Shares of TBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TBI) was last updated on 4/18/2024 by MarketBeat.com Staff

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TrueBlue (TBI) Stock Price, News & Analysis

TrueBlue MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

Company Ownership

Earnings and Valuation

About TrueBlue Stock (NYSE:TBI)

TBI Stock Price History

TBI Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

TBI Stock Analysis - Frequently Asked Questions

Overall MarketRank^™