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

TrueBlue (NYSE:TBI) released its quarterly earnings data on Monday. The business services provider reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 Stock Down 0.8%

Shares of TrueBlue stock traded down $0.04 during trading hours on Monday, hitting $4.70. The company had a trading volume of 259,781 shares, compared to its average volume of 238,557. The company’s 50-day moving average is $5.87 and its two-hundred day moving average is $5.93. TrueBlue has a twelve month low of $3.45 and a twelve month high of $9.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.94 and a quick ratio of 1.94. The company has a market cap of $140.53 million, a P/E ratio of -4.09 and a beta of 1.54.

Institutional Trading of TrueBlue

Large investors have recently bought and sold shares of the business. Bank of America Corp DE increased 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 purchasing an additional 130,201 shares during the period. Balyasny Asset Management L.P. acquired a new position in TrueBlue in the second quarter valued at $808,000. Ameriprise Financial Inc. increased its stake in TrueBlue by 38.5% in 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 during the period. Quantinno Capital Management LP increased 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 purchasing an additional 47,748 shares during the period. Finally, Sei Investments Co. raised its position in TrueBlue by 117.6% during the 2nd quarter. Sei Investments Co. now owns 63,597 shares of the business services provider’s stock worth $412,000 after buying an additional 34,368 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analyst Ratings Changes

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

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.