Sidoti Csr Analysts Reduce Earnings Estimates for TrueBlue

TrueBlue, Inc. (NYSE:TBI) – Investment analysts at Sidoti Csr reduced their Q1 2025 earnings per share (EPS) estimates for TrueBlue in a research note issued on Thursday, February 20th. Sidoti Csr analyst M. Riddick now anticipates that the business services provider will post earnings of ($0.23) per share for the quarter, down from their prior forecast of ($0.01). The consensus estimate for TrueBlue’s current full-year earnings is $0.15 per share. Sidoti Csr also issued estimates for TrueBlue’s Q2 2025 earnings at ($0.18) EPS and FY2025 earnings at ($0.37) EPS.

TrueBlue (NYSE:TBI) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.14. TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%. The company had revenue of $385.95 million during the quarter, compared to the consensus estimate of $385.04 million.

A number of other equities analysts have also recently commented on TBI. BMO Capital Markets lowered their price target on TrueBlue from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. StockNews.com lowered TrueBlue from a “hold” rating to a “sell” rating in a research report on Saturday.

TrueBlue Price Performance

NYSE:TBI opened at $6.37 on Monday. The firm has a market capitalization of $189.09 million, a price-to-earnings ratio of -1.53, a P/E/G ratio of 3.01 and a beta of 1.42. The company has a quick ratio of 1.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average price is $7.82 and its two-hundred day moving average price is $7.73. TrueBlue has a 12-month low of $6.05 and a 12-month high of $12.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Advisers LP raised its stake in TrueBlue by 8.7% during the 4th quarter. Two Sigma Advisers LP now owns 59,800 shares of the business services provider’s stock worth $502,000 after buying an additional 4,800 shares during the period. Two Sigma Investments LP raised its stake in TrueBlue by 20.3% during the 4th quarter. Two Sigma Investments LP now owns 99,527 shares of the business services provider’s stock worth $836,000 after buying an additional 16,769 shares during the period. State of Wyoming raised its stake in TrueBlue by 17.4% during the 4th quarter. State of Wyoming now owns 21,192 shares of the business services provider’s stock worth $178,000 after buying an additional 3,134 shares during the period. Nuveen Asset Management LLC raised its stake in TrueBlue by 262.7% during the 4th quarter. Nuveen Asset Management LLC now owns 561,093 shares of the business services provider’s stock worth $4,713,000 after buying an additional 406,405 shares during the period. Finally, Invenomic Capital Management LP raised its stake in TrueBlue by 45.5% during the 4th quarter. Invenomic Capital Management LP now owns 341,383 shares of the business services provider’s stock worth $2,868,000 after buying an additional 106,736 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

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.