NYSE:TBI

TrueBlue (TBI) Stock Price, News & Analysis

$11.08
-0.14 (-1.25%)
(As of 05/14/2024 ET)
Today's Range
$11.08
$11.50
50-Day Range
$10.40
$12.55
52-Week Range
$10.15
$19.06
Volume
286,867 shs
Average Volume
404,775 shs
Market Capitalization
$338.87 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.00

TrueBlue MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
17.3% Upside
$13.00 Price Target
Short Interest
Healthy
3.06% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.45mentions of TrueBlue in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1,833.33%
From $0.06 to $1.16 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.64 out of 5 stars

Business Services Sector

175th out of 317 stocks

Help Supply Services Industry

13th out of 17 stocks

TBI stock logo

About TrueBlue Stock (NYSE:TBI)

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. The PeopleManagement segment offers contingent, on-site industrial staffing, and commercial driver services, which includes on-site management and recruitment for the contingent industrial workforce of manufacturing, warehousing, and distribution facilities; and recruitment and management of contingent and dedicated commercial drivers to the transportation and distribution industries under the Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers brands. The company PeopleScout segment provides recruitment process outsourcing, talent advisory services, and managed service provider solutions including sourcing, screening, hiring, and onboarding services; operates Affinix, a technology platform for sourcing, screening, and delivering a permanent workforce to its clients; talent advisory services, such as employer branding, recruitment marketing, talent insights, diversity, equity and inclusion consulting, candidate assessment, and talent acquisition strategy consulting services; and contingent labor programs including vendor selection, performance management, compliance monitoring, and risk management. TrueBlue, Inc. was formerly known as Labor Ready, Inc. and changed its name to TrueBlue, Inc. in December 2007. The company was incorporated in 1985 and is headquartered in Tacoma, Washington.

TBI Stock Price History

TBI Stock News Headlines

Q1 2024 TrueBlue Inc Earnings Call
What Wall Street expects from TrueBlue's earnings
TrueBlue Reports First Quarter 2024 Results
TrueBlue to Announce First Quarter 2024 Results
TrueBlue (TBI) Fell due to Poor Demand
JetBlue TrueBlue
TrueBlue, Inc. (NYSE:TBI) Q4 2023 Earnings Call Transcript
See More Headlines
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Company Calendar

Last Earnings
5/06/2024
Today
5/14/2024
Next Earnings (Estimated)
7/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Help supply services
Sub-Industry
Human Resource & Employment Services
CUSIP
89785X10
Employees
5,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$13.00
High Stock Price Target
$13.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+17.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-14,170,000.00
Pretax Margin
-1.61%

Debt

Sales & Book Value

Annual Sales
$1.91 billion
Cash Flow
$1.45 per share
Book Value
$14.70 per share

Miscellaneous

Free Float
29,347,000
Market Cap
$338.41 million
Optionable
Optionable
Beta
1.51
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Key Executives

  • Ms. Taryn R. OwenMs. Taryn R. Owen (Age 45)
    CEO, President & Director
    Comp: $1.47M
  • Mr. Carl R. Schweihs (Age 39)
    Chief Financial Officer
    Comp: $803.24k
  • Mr. Garrett R. Ferencz (Age 47)
    Executive VP, General Counsel, Chief Ethics & Compliance Officer and Chief Legal Officer
    Comp: $801.89k
  • Mr. Richard P. Betori (Age 63)
    President of PeopleScout
    Comp: $622.69k
  • Ms. Kristy Willis (Age 54)
    President of PeopleReady
    Comp: $622.34k
  • Mr. Richard B. Christensen (Age 47)
    Senior VP, Chief Accounting Officer & Treasurer
  • Mr. Jeff Dirks
    Chief Technology & Information Officer
  • Ms. Caroline Sabetti
    Chief Marketing & Communications Officer
  • Mr. Greg Netolicky
    Chief People Officer
  • Mr. Anthony Brew
    Chief Diversity Officer

TBI Stock Analysis - Frequently Asked Questions

Should I buy or sell TrueBlue stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TrueBlue in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TBI shares.
View TBI analyst ratings
or view top-rated stocks.

What is TrueBlue's stock price target for 2024?

2 Wall Street research analysts have issued 12 month target prices for TrueBlue's stock. Their TBI share price targets range from $13.00 to $13.00. On average, they expect the company's stock price to reach $13.00 in the next twelve months. This suggests a possible upside of 17.3% from the stock's current price.
View analysts price targets for TBI
or view top-rated stocks among Wall Street analysts.

How have TBI shares performed in 2024?

TrueBlue's stock was trading at $15.34 at the beginning of 2024. Since then, TBI stock has decreased by 27.7% and is now trading at $11.0850.
View the best growth stocks for 2024 here
.

When is TrueBlue's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 22nd 2024.
View our TBI earnings forecast
.

How were TrueBlue's earnings last quarter?

TrueBlue, Inc. (NYSE:TBI) released its quarterly earnings results on Monday, May, 6th. The business services provider reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.46. The business services provider had revenue of $403 million for the quarter, compared to analyst estimates of $400.24 million. TrueBlue had a positive trailing twelve-month return on equity of 3.02% and a negative net margin of 0.63%. The firm's revenue was down 13.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.06) earnings per share.

What guidance has TrueBlue issued on next quarter's earnings?

TrueBlue issued an update on its second quarter 2024 earnings guidance on Monday, May, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $400.0 million-$425.0 million, compared to the consensus revenue estimate of $423.3 million.

What is Patrick Beharelle's approval rating as TrueBlue's CEO?

34 employees have rated TrueBlue Chief Executive Officer Patrick Beharelle on Glassdoor.com. Patrick Beharelle has an approval rating of 56% among the company's employees. This puts Patrick Beharelle in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of TrueBlue own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TrueBlue investors own include International Business Machines (IBM), Intel (INTC), NVIDIA (NVDA), Vertex Pharmaceuticals (VRTX), Gilead Sciences (GILD), The Goldman Sachs Group (GS), AT&T (T), Zynga (ZNGA), AbbVie (ABBV) and Amgen (AMGN).

Who are TrueBlue's major shareholders?

TrueBlue's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (9.54%), Vanguard Group Inc. (6.70%), Azarias Capital Management L.P. (2.82%), Lord Abbett & CO. LLC (1.14%), Assenagon Asset Management S.A. (0.90%) and Empowered Funds LLC (0.36%). Insiders that own company stock include Carl Schweihs, Derrek Lane Gafford, Garrett Ferencz, Kim Harris Jones, Kristi A Savacool, Kristy A Fitzsimmons-Willis, Richard Christensen, Richard P Betori, Robert C Kreidler, Taryn R Owen and William C Goings.
View institutional ownership trends
.

How do I buy shares of TrueBlue?

Shares of TBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TBI) was last updated on 5/15/2024 by MarketBeat.com Staff

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