TrueBlue (NYSE:TBI) Releases Earnings Results, Beats Estimates By $0.14 EPS

TrueBlue (NYSE:TBI) released its quarterly earnings data on Wednesday. The business services provider reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.14, Zacks reports. TrueBlue had a negative return on equity of 2.69% and a negative net margin of 6.97%.

TrueBlue Trading Up 0.7 %

NYSE:TBI traded up $0.06 on Wednesday, reaching $7.44. The stock had a trading volume of 111,698 shares, compared to its average volume of 119,711. The company has a 50-day moving average of $7.98 and a 200 day moving average of $7.80. The stock has a market cap of $219.78 million, a P/E ratio of -1.94, a price-to-earnings-growth ratio of 3.58 and a beta of 1.42. TrueBlue has a 12-month low of $6.63 and a 12-month high of $12.88.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TBI shares. BMO Capital Markets cut their price target on shares of TrueBlue from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. StockNews.com raised shares of TrueBlue from a “sell” rating to a “hold” rating in a research note on Friday, February 14th.

TrueBlue Company Profile

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.