TrueBlue Inc. (TBI) to Release Earnings on Wednesday
TrueBlue Inc. (NYSE:TBI) is set to post its Q316 quarterly earnings results on Wednesday, October 19th. Analysts expect TrueBlue to post earnings of $0.75 per share and revenue of $715.69 million for the quarter.
TrueBlue Inc. (NYSE:TBI) opened at 21.50 on Tuesday. The company’s market cap is $885.05 million. TrueBlue Inc. has a 52 week low of $17.35 and a 52 week high of $30.25. The company’s 50-day moving average price is $22.19 and its 200 day moving average price is $21.43.
In related news, EVP James E. Defebaugh sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $23.07, for a total transaction of $115,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of TBI. FMR LLC increased its position in shares of TrueBlue by 957.2% in the second quarter. FMR LLC now owns 529,564 shares of the company’s stock valued at $10,019,000 after buying an additional 479,471 shares during the last quarter. Westwood Holdings Group Inc. increased its position in shares of TrueBlue by 9.7% in the second quarter. Westwood Holdings Group Inc. now owns 1,508,575 shares of the company’s stock valued at $28,543,000 after buying an additional 133,537 shares during the last quarter. Vanguard Group Inc. increased its position in shares of TrueBlue by 3.1% in the second quarter. Vanguard Group Inc. now owns 3,296,381 shares of the company’s stock valued at $62,368,000 after buying an additional 98,585 shares during the last quarter. TFS Capital LLC acquired a new position in shares of TrueBlue during the second quarter valued at about $1,828,000. Finally, BlackRock Fund Advisors increased its position in shares of TrueBlue by 3.0% in the second quarter. BlackRock Fund Advisors now owns 2,659,280 shares of the company’s stock valued at $50,314,000 after buying an additional 77,741 shares during the last quarter. Institutional investors and hedge funds own 93.00% of the company’s stock.
TBI has been the subject of a number of research reports. Deutsche Bank AG initiated coverage on TrueBlue in a research report on Wednesday, August 17th. They issued a “sell” rating and a $20.00 price objective for the company. Zacks Investment Research upgraded TrueBlue from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Saturday, July 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. TrueBlue presently has an average rating of “Hold” and a consensus target price of $23.43.
TrueBlue, Inc (TrueBlue) is a provider of specialized workforce solutions. The Company is engaged in providing staffing, recruitment process outsourcing, and managed service provider solutions. The Company operates through two segments: Staffing Services and Managed Services. The Company offers on-premise temporary blue-collar staffing, and outsourced service offerings in recruitment process outsourcing (RPO) and management of contingent labor services providers (MSP) solutions.
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