Team Inc. (TISI) Updates FY14 Earnings Guidance
Team Inc. (NASDAQ:TISI) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.55-1.85 for the period, compared to the Thomson Reuters consensus estimate of $2.01, AnalystRatings.Net reports. The company issued revenue guidance of $765-790 million, compared to the consensus revenue estimate of $792.82 million.
TISI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Team (NASDAQ:TISI) from an underperform rating to a neutral rating in a research note to investors on Tuesday, July 30th. They now have a $39.90 price target on the stock. On a related note, analysts at RBC Capital downgraded shares of Team (NASDAQ:TISI) from a buy rating to a hold rating in a research note to investors on Wednesday, July 17th. They now have a $43.00 price target on the stock. Finally, analysts at BB&T Corp. downgraded shares of Team (NASDAQ:TISI) from a buy rating to a hold rating in a research note to investors on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating, The stock presently has an average rating of Hold and a consensus price target of $42.30.
Team Inc. (NASDAQ:TISI) traded up 0.63% on Tuesday, hitting $40.00. The stock had a trading volume of 147,629 shares. Team Inc. has a 52-week low of $30.76 and a 52-week high of $46.66. The stock has a 50-day moving average of $39.21 and a 200-day moving average of $38.85. The company has a market cap of $820.0 million and a price-to-earnings ratio of 25.98.
Team (NASDAQ:TISI) last posted its quarterly earnings results on Wednesday, October 2nd. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.36 by $0.13. The company had revenue of $174.31 million for the quarter, compared to the consensus estimate of $176.70 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts expect that Team Inc. will post $2.00 EPS for the current fiscal year.
Team, Inc, is a provider of specialty maintenance and inspection services required in maintaining high temperature and high pressure piping systems and vessels that are utilized in heavy industries.
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