TrueBlue (NYSE:TBI) Issues Quarterly Earnings Results

TrueBlue (NYSE:TBI) announced its quarterly earnings data on Wednesday. The business services provider reported ($0.02) earnings per share for the quarter, topping 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 Stock Up 0.7 %

NYSE:TBI traded up $0.06 during trading hours on Wednesday, reaching $7.44. The company had a trading volume of 111,698 shares, compared to its average volume of 119,728. TrueBlue has a twelve month low of $6.63 and a twelve month high of $12.88. The business’s 50-day simple moving average is $7.98 and its two-hundred day simple moving average is $7.80. The firm has a market cap of $219.78 million, a price-to-earnings ratio of -1.94, a P/E/G ratio of 3.58 and a beta of 1.42.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. BMO Capital Markets dropped their price target on TrueBlue from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. StockNews.com upgraded shares of TrueBlue from a “sell” rating to a “hold” rating in a research report 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.