$0.58 EPS Expected for Trueblue Inc (TBI)

September 17, 2017 - By Peter Erickson

 $0.58 EPS Expected for Trueblue Inc (TBI)
Investors sentiment increased to 1.46 in Q4 2016. Its up 0.17, from 1.29 in 2016Q3. It is positive, as 15 investors sold Trueblue Inc shares while 50 reduced holdings. 36 funds opened positions while 59 raised stakes. 37.69 million shares or 1.86% less from 38.40 million shares in 2016Q3 were reported.
Profund Advisors Ltd Limited Liability Company owns 0.01% invested in Trueblue Inc (NYSE:TBI) for 13,086 shares. Ngam Limited Partnership accumulated 0.01% or 21,970 shares. 45,246 are owned by Comerica Bank. 4,153 were accumulated by Barclays Plc. Point72 Asia (Hong Kong) Ltd owns 578 shares. Legal & General Grp Incorporated Public Ltd Limited Liability Company has invested 0% in Trueblue Inc (NYSE:TBI). Zebra Ltd Liability Com owns 0.28% invested in Trueblue Inc (NYSE:TBI) for 36,917 shares. Us Bancorp De accumulated 31,898 shares. Ameriprise Fin Inc invested in 428,654 shares or 0.01% of the stock. Blackrock Fund reported 0.02% in Trueblue Inc (NYSE:TBI). Cim Invest Mangement Inc, a Pennsylvania-based fund reported 14,977 shares. Mason Street Advsr Lc has 0.01% invested in Trueblue Inc (NYSE:TBI). Royal Financial Bank Of Canada stated it has 5,842 shares. Deutsche Bank Ag holds 0% or 165,630 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 1,180 shares in its portfolio.

Wall Street await Trueblue Inc (NYSE:TBI) to release earnings on October, 18. Analysts forecast earnings per share of $0.58, down exactly $0.12 or 17.14 % from 2014’s $0.7 EPS. The expected TBI’s profit could reach $24.36M giving the stock 9.01 P/E in the case that $0.58 earnings per share is reported. After posting $0.42 EPS for the previous quarter, Trueblue Inc’s analysts now forecast 38.10 % EPS growth. The stock increased 0.24% or $0.05 on September 15, reaching $20.9. About 794,326 shares traded or 161.26% up from the average. Trueblue Inc (NYSE:TBI) has risen 44.92% since September 17, 2016 and is uptrending. It has outperformed by 28.22% the S&P500.

Trueblue Inc (NYSE:TBI) Ratings Coverage

Among 5 analysts covering TrueBlue (NYSE:TBI), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. TrueBlue had 16 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was upgraded by BMO Capital Markets on Friday, May 26 to “Hold”. The firm earned “Neutral” rating on Wednesday, January 13 by Bank of America. On Monday, December 19 the stock rating was upgraded by Avondale to “Mkt Perform”. The company was downgraded on Thursday, April 21 by Robert W. Baird. The firm has “Mkt Underperform” rating given on Thursday, October 20 by Avondale. Robert W. Baird maintained Trueblue Inc (NYSE:TBI) on Friday, September 1 with “Hold” rating. BMO Capital Markets downgraded Trueblue Inc (NYSE:TBI) on Thursday, April 21 to “Underperform” rating. BMO Capital Markets maintained Trueblue Inc (NYSE:TBI) rating on Thursday, August 10. BMO Capital Markets has “Hold” rating and $2300 target. The firm earned “Sell” rating on Thursday, October 20 by Deutsche Bank. The firm has “Hold” rating given on Tuesday, July 11 by BMO Capital Markets.

TrueBlue, Inc. is a provider of specialized workforce solutions. The company has market cap of $877.84 million. The Firm is engaged in providing staffing, on-site workforce management and recruitment process outsourcing services. It has a 14.75 P/E ratio. The Firm operates through three divisions: PeopleReady, PeopleManagement and PeopleScout.

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