Somewhat Favorable Media Coverage Somewhat Unlikely to Affect TrueBlue (TBI) Share Price

Media coverage about TrueBlue (NYSE:TBI) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. TrueBlue earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 45.8655796364655 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

A number of brokerages have recently weighed in on TBI. TheStreet upgraded TrueBlue from a “c+” rating to a “b” rating in a report on Friday, November 17th. Zacks Investment Research downgraded TrueBlue from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. BMO Capital Markets increased their price objective on TrueBlue from $23.00 to $26.00 and gave the stock a “market perform” rating in a report on Wednesday, November 1st. Robert W. Baird increased their price objective on TrueBlue from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Finally, ValuEngine upgraded TrueBlue from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $26.00.

Shares of TrueBlue (TBI) opened at $28.20 on Friday. The stock has a market capitalization of $1,176.73, a P/E ratio of 15.89 and a beta of 2.38. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.20. TrueBlue has a 12-month low of $19.30 and a 12-month high of $29.50.

TrueBlue (NYSE:TBI) last announced its earnings results on Monday, October 30th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $660.78 million during the quarter, compared to analysts’ expectations of $651.91 million. TrueBlue had a return on equity of 14.05% and a net margin of 2.22%. The company’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 earnings per share. equities analysts forecast that TrueBlue will post 1.7 EPS for the current fiscal year.

TrueBlue announced that its board has authorized a stock repurchase plan on Monday, October 30th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

In other news, Director Joseph P. Sambataro, Jr. sold 16,985 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $27.28, for a total value of $463,350.80. Following the completion of the sale, the director now directly owns 56,596 shares of the company’s stock, valued at $1,543,938.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James E. Defebaugh sold 7,500 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $28.16, for a total value of $211,200.00. The disclosure for this sale can be found here. Insiders sold 43,485 shares of company stock valued at $1,139,271 over the last three months. 2.00% of the stock is owned by company insiders.

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About TrueBlue

TrueBlue, Inc is a provider of specialized workforce solutions. The Company is engaged in providing staffing, on-site workforce management and recruitment process outsourcing services. The Company operates through three segments: PeopleReady, PeopleManagement and PeopleScout. Its PeopleReady segment provides blue-collar contingent staffing through the PeopleReady service line.

Insider Buying and Selling by Quarter for TrueBlue (NYSE:TBI)

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