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TrueBlue Stock Falls 9% At Session Start On Thursday, Underperforms Market

ViaNews Editorial Team

February 2, 2023

TrueBlue Stock Falls 9%  At Session Start On Thursday, Underperforms Market

(VIANEWS) - Shares of TrueBlue (NYSE: TBI) slid 9.81% to $18.12 at 10:57 EST on Thursday, after four successive sessions in a row of gains. NYSE is dropping 0.12% to $16,101.53, after two successive sessions in a row of gains. This seems, so far, a somewhat negative trend trading session today.

TrueBlue's last close was $20.09, 33.74% under its 52-week high of $30.32.

About TrueBlue

TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers contingent staffing solutions for blue-collar, on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, and general labor industries. The PeopleManagement segment provides contingent labor and outsourced industrial workforce solutions. This segment also offers on-site management and recruitment for the contingent industrial workforce of manufacturing, warehouse, and distribution facilities; and recruitment and management of contingent and dedicated commercial drivers to the transportation and distribution industries under the Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers brands. The PeopleScout segment offers permanent employee recruitment process outsourcing services; and manages clients' contingent labor programs comprising vendor selection, performance management, compliance monitoring, and risk management. The company was formerly known as Labor Ready, Inc. and changed its name to TrueBlue, Inc. in December 2007. TrueBlue, Inc. was incorporated in 1985 and is headquartered in Tacoma, Washington.

Earnings Per Share

As for profitability, TrueBlue has a trailing twelve months EPS of $0.45.

PE Ratio

TrueBlue has a trailing twelve months price to earnings ratio of 40.45. Meaning, the purchaser of the share is investing $40.45 for every dollar of annual earnings.

The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is 15.51%.

More news about TrueBlue (TBI).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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