Stock Insights on TrueBlueInc (NYSE:TBI)

[Business Wire] TrueBlueInc (NYSE:TBI)(TREND ANALYSIS) announced that revenue for the second quarter of 2015 was $628 million, an increase of 38 percent, compared to revenue of $453 million for the second quarter of 2014. Adjusted net income per share* for the second quarter of 2015 was $0.45, up from $0.32 a year ago, an increase of 39 percent. Adjusted EBITDA* for the second quarter of 2015 was $36.7 million, compared to $25.2 million a year ago, an increase of 46 percent.

“During the quarter, we saw solid demand for both our legacy staffing and acquired brands,” said TrueBlue CEO Steve Cooper. “The addition of Staff Management | SMX, PeopleScout and HRX has grown TrueBlue’s client list by providing customers with workforce management and recruiting process outsourcing (RPO) solutions with worldwide capabilities.”

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TrueBlueInc (NYSE:TBI) stock is currently trading 10.16% below its 52-week-high, 42.79% above its 52-week-low. The 1-year stock price history is in the range of $19.82 – $31.5. TrueBlueInc (TBI) has a price to earnings ratio of 16.79 versus Services sector average of 19.5. TBI stock price has outperformed the S&P 500 by 24.2%. The Human Resources company is currently valued at $1.15 billion and its share price closed the last trading session at $28.3. The stock has a 50-day moving average of $29.82 and a 200-day moving average of $25.88.

TrueBlueInc (TBI) current short interest stands at 0.94 million shares. It has increased by 735% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.38 million shares, the number of days required to cover the short positions stand at 2.6 days.

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There are currently seven analysts that cover TrueBlueInc stock. Of those seven, four have a Buy rating, three have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $31.5.

A recent analyst activity consisted of BMO Capital reiterating their Outperform stance on April 27. BMO Capital increased their price target on TBI from $28 to $35. This corresponds to a 23.67% upside from the last closing price. On the date of report, the stock closed at $29.38.

Company profile

TrueBlue, Inc. provides temporary manual labor to the light industrial and small business markets. The Company operates dispatch offices in the United States, Puerto Rico, Canada, and the United Kingdom. TrueBlue’s customers are primarily in the transportation, warehousing, hospitality, landscaping, construction, light manufacturing, retail, wholesale, and sanitation industries.

Stock Insights on TrueBlueInc (NYSE:TBI) was last modified: July 23rd, 2015 by Steven Finley