TrueBlue (TBI) to Release Earnings on Wednesday

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TrueBlue (NYSE:TBIGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, February 1st. Persons interested in participating in the company’s earnings conference call can do so using this link.

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TrueBlue (NYSE:TBIGet Rating) last posted its quarterly earnings results on Monday, October 24th. The business services provider reported $0.75 earnings per share for the quarter. The business had revenue of $575.72 million for the quarter, compared to the consensus estimate of $587.22 million. TrueBlue had a return on equity of 19.17% and a net margin of 3.25%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 EPS.

TrueBlue Stock Performance

Shares of TBI opened at $19.54 on Wednesday. The stock has a 50 day moving average price of $20.10 and a two-hundred day moving average price of $20.30. The firm has a market capitalization of $639.33 million, a P/E ratio of 8.80 and a beta of 1.44. TrueBlue has a 52 week low of $15.77 and a 52 week high of $30.32.

Analysts Set New Price Targets

A number of analysts have commented on TBI shares. Robert W. Baird decreased their price objective on TrueBlue to $21.00 in a report on Tuesday, October 25th. StockNews.com cut TrueBlue from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 28th.

Insider Activity

In other news, EVP Garrett Ferencz sold 1,523 shares of TrueBlue stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $21.41, for a total transaction of $32,607.43. Following the completion of the transaction, the executive vice president now directly owns 49,993 shares in the company, valued at $1,070,350.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other TrueBlue news, EVP Garrett Ferencz sold 1,523 shares of TrueBlue stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $21.41, for a total value of $32,607.43. Following the completion of the sale, the executive vice president now owns 49,993 shares of the company’s stock, valued at approximately $1,070,350.13. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William C. Goings sold 5,323 shares of the business’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $20.01, for a total transaction of $106,513.23. Following the completion of the sale, the director now owns 19,498 shares in the company, valued at approximately $390,154.98. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On TrueBlue

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in TrueBlue by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,230,361 shares of the business services provider’s stock valued at $80,715,000 after purchasing an additional 67,092 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in TrueBlue by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,474,160 shares of the business services provider’s stock worth $71,480,000 after acquiring an additional 44,630 shares in the last quarter. State Street Corp grew its stake in TrueBlue by 3.3% in the 1st quarter. State Street Corp now owns 1,276,104 shares of the business services provider’s stock worth $36,867,000 after acquiring an additional 41,345 shares in the last quarter. Bank of New York Mellon Corp grew its stake in TrueBlue by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 359,658 shares of the business services provider’s stock worth $10,392,000 after acquiring an additional 1,017 shares in the last quarter. Finally, FMR LLC grew its stake in TrueBlue by 86.1% in the 2nd quarter. FMR LLC now owns 350,842 shares of the business services provider’s stock worth $6,280,000 after acquiring an additional 162,275 shares in the last quarter. 96.65% of the stock is currently owned by institutional investors.

About TrueBlue

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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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