Trueblue (NYSE:TBI) issued an update on its third quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.61-0.71 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.77. The company issued revenue guidance of $613-638 million, compared to the consensus revenue estimate of $683.26 million.Trueblue also updated its Q3 2019 guidance to $0.61-0.71 EPS.

TBI stock traded down $2.97 on Tuesday, reaching $19.54. The company’s stock had a trading volume of 720,726 shares, compared to its average volume of 194,178. The company has a fifty day moving average price of $21.82. Trueblue has a 12-month low of $18.62 and a 12-month high of $29.85. The stock has a market capitalization of $909.46 million, a price-to-earnings ratio of 8.57 and a beta of 1.62. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07.

Trueblue (NYSE:TBI) last announced its quarterly earnings results on Monday, July 29th. The business services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. Trueblue had a return on equity of 15.35% and a net margin of 2.61%. The company had revenue of $588.59 million during the quarter, compared to analyst estimates of $615.94 million. During the same quarter last year, the firm posted $0.57 earnings per share. The firm’s revenue was down 4.2% on a year-over-year basis. On average, equities analysts expect that Trueblue will post 2.28 EPS for the current year.

A number of analysts recently commented on TBI shares. Zacks Investment Research lowered EXACT Sciences from a hold rating to a sell rating in a research note on Tuesday, July 2nd. ValuEngine lowered Zynerba Pharmaceuticals from a buy rating to a hold rating in a research note on Tuesday, May 28th. TheStreet raised Third Point Reinsurance from a d+ rating to a c- rating in a research note on Tuesday, May 14th. Finally, Robert W. Baird raised their price target on Shopify from $208.00 to $269.00 and gave the stock an outperform rating in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has an average rating of Hold and an average target price of $25.50.

In other Trueblue news, CEO A. Patrick Beharelle sold 15,700 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $24.54, for a total transaction of $385,278.00. Following the completion of the transaction, the chief executive officer now owns 107,965 shares of the company’s stock, valued at $2,649,461.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Derrek Lane Gafford sold 40,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $24.16, for a total value of $966,400.00. Following the transaction, the chief financial officer now directly owns 108,758 shares of the company’s stock, valued at approximately $2,627,593.28. The disclosure for this sale can be found here. Insiders have sold 65,700 shares of company stock valued at $1,598,578 in the last three months. Insiders own 2.00% of the company’s stock.

About Trueblue

TrueBlue, Inc provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers a range of staffing solutions for blue-collar, contingent on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, general labor, and other industries under the Labor Ready, CLP Resources, and Spartan Staffing brands.

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