TrueBlue (NYSE:TBI) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

TrueBlue (NYSE:TBI) issued its quarterly earnings data on Monday. The business services provider reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.12, Zacks reports. TrueBlue had a negative net margin of 2.21% and a negative return on equity of 5.74%. TrueBlue updated its Q4 2025 guidance to EPS.

TrueBlue Trading Down 0.8%

TrueBlue stock traded down $0.04 during midday trading on Monday, reaching $4.70. The stock had a trading volume of 259,781 shares, compared to its average volume of 238,557. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.18. TrueBlue has a 52-week low of $3.45 and a 52-week high of $9.05. The firm has a market cap of $140.53 million, a price-to-earnings ratio of -4.09 and a beta of 1.54. The company has a fifty day moving average of $5.87 and a 200 day moving average of $5.93.

Analyst Ratings Changes

TBI has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price target on shares of TrueBlue from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of TrueBlue in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, TrueBlue has an average rating of “Hold” and a consensus target price of $8.00.

Institutional Trading of TrueBlue

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its stake in shares of TrueBlue by 38.5% during the second quarter. Ameriprise Financial Inc. now owns 330,049 shares of the business services provider’s stock valued at $2,139,000 after purchasing an additional 91,829 shares in the last quarter. Bank of America Corp DE boosted its stake in TrueBlue by 162.4% in the second quarter. Bank of America Corp DE now owns 210,371 shares of the business services provider’s stock valued at $1,363,000 after acquiring an additional 130,201 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in TrueBlue in the second quarter valued at approximately $808,000. Quantinno Capital Management LP boosted its stake in TrueBlue by 177.9% in the second quarter. Quantinno Capital Management LP now owns 74,583 shares of the business services provider’s stock valued at $483,000 after acquiring an additional 47,748 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in TrueBlue by 117.6% in the second quarter. Sei Investments Co. now owns 63,597 shares of the business services provider’s stock valued at $412,000 after acquiring an additional 34,368 shares in the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

About TrueBlue

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.