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NYSE:TBI

TrueBlue (TBI) Stock Price, News & Analysis

TrueBlue logo
$7.14 +0.11 (+1.56%)
(As of 11/22/2024 ET)

About TrueBlue Stock (NYSE:TBI)

Key Stats

Today's Range
$7.08
$7.26
50-Day Range
$6.75
$8.41
52-Week Range
$6.63
$16.14
Volume
115,974 shs
Average Volume
182,087 shs
Market Capitalization
$211.06 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$11.50
Consensus Rating
Buy

Company Overview

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.

TrueBlue Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
72nd Percentile Overall Score

TBI MarketRank™: 

TrueBlue scored higher than 72% of companies evaluated by MarketBeat, and ranked 105th out of 321 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    TrueBlue has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    TrueBlue has only been the subject of 1 research reports in the past 90 days.

  • Read more about TrueBlue's stock forecast and price target.
  • Earnings Growth

    Earnings for TrueBlue are expected to grow in the coming year, from ($0.56) to $0.15 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of TrueBlue is -1.86, 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 -1.86, 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 0.64. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about TrueBlue's valuation and earnings.
  • Percentage of Shares Shorted

    3.15% 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 4.4.
  • Change versus previous month

    Short interest in TrueBlue has recently decreased by 8.85%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    TrueBlue does not currently pay a dividend.

  • Dividend Growth

    TrueBlue does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    3.15% 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 4.4.
  • Change versus previous month

    Short interest in TrueBlue has recently decreased by 8.85%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    TrueBlue has a news sentiment score of 0.81. 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 0.60 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for TrueBlue this week, compared to 2 articles on an average week.
  • Search Interest

    1 people have searched for TBI on MarketBeat in the last 30 days.
  • 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.

  • Read more about TrueBlue's insider trading history.
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TBI Stock News Headlines

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TrueBlue, Inc. (TBI) Q3 2024 Earnings Call Transcript
See More Headlines

TBI Stock Analysis - Frequently Asked Questions

TrueBlue's stock was trading at $15.34 at the start of the year. Since then, TBI shares have decreased by 53.5% and is now trading at $7.14.
View the best growth stocks for 2024 here
.

TrueBlue, Inc. (NYSE:TBI) released its quarterly earnings data on Monday, November, 4th. The business services provider reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.04. The firm's revenue was down 19.2% on a year-over-year basis.

TrueBlue's top institutional shareholders include Pzena Investment Management LLC (9.41%), FMR LLC (5.89%), Hotchkis & Wiley Capital Management LLC (3.76%) and Royce & Associates LP (3.54%). Insiders that own company stock include Taryn R Owen, Garrett Ferencz, Richard P Betori, Carl Schweihs, Kristy A Fitzsimmons-Willis, Kim Harris Jones, Kristi A Savacool, Robert C Kreidler, William C Goings, Richard Christensen and Derrek Lane Gafford.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that TrueBlue investors own include Tesla (TSLA), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and Visa (V).

Company Calendar

Last Earnings
11/04/2024
Today
11/23/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/19/2025

Industry, Sector and Symbol

Industry
Help supply services
Sub-Industry
Human Resource & Employment Services
CUSIP
89785X10
Employees
5,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$11.50
High Stock Price Target
$13.00
Low Stock Price Target
$10.00
Potential Upside/Downside
+61.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-14,170,000.00
Pretax Margin
-5.13%

Debt

Sales & Book Value

Annual Sales
$1.91 billion
Cash Flow
$1.44 per share
Book Value
$11.07 per share

Miscellaneous

Free Float
28,377,000
Market Cap
$211.06 million
Optionable
Optionable
Beta
1.49

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This page (NYSE:TBI) was last updated on 11/23/2024 by MarketBeat.com Staff
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