TrueBlue (NYSE:TBI – Get Free Report) had its target price dropped by research analysts at Robert W. Baird from $14.00 to $13.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price target suggests a potential upside of 23.28% from the stock’s current price.
TrueBlue Price Performance
TrueBlue stock opened at $10.55 on Tuesday. The business has a 50 day moving average of $11.38 and a 200-day moving average of $12.86. TrueBlue has a 1 year low of $10.15 and a 1 year high of $19.06. The company has a market capitalization of $331.00 million, a P/E ratio of -23.43 and a beta of 1.51.
TrueBlue (NYSE:TBI – Get Free Report) last released its quarterly earnings data on Monday, May 6th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.46. The company had revenue of $403.00 million during the quarter, compared to the consensus estimate of $400.24 million. TrueBlue had a positive return on equity of 2.39% and a negative net margin of 0.74%. The firm’s revenue was down 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. Equities analysts anticipate that TrueBlue will post -0.51 EPS for the current year.
Institutional Trading of TrueBlue
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.
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