Team Inc. (TISI) Issues FY14 Earnings Guidance
Team Inc. (NASDAQ:TISI) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.55-1.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.68, AmericanBankingNews.com reports. The company issued revenue guidance of $765-790 million, compared to the consensus revenue estimate of $781.15 million.
Team Inc. (NASDAQ:TISI) traded down 0.58% during mid-day trading on Tuesday, hitting $41.35. 151,029 shares of the company’s stock traded hands. Team Inc. has a 52 week low of $32.33 and a 52 week high of $46.66. The stock’s 50-day moving average is $40.26 and its 200-day moving average is $39.02. The company has a market cap of $849.0 million and a price-to-earnings ratio of 30.16.
Team (NASDAQ:TISI) last released its earnings data on Wednesday, January 8th. The company reported $0.62 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.62. The company had revenue of $200.00 million for the quarter, compared to the consensus estimate of $214.50 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Analysts expect that Team Inc. will post $1.68 EPS for the current fiscal year.
On a related note, analysts at Zacks upgraded shares of Team from an underperform rating to a neutral rating in a research note to investors on Monday, December 9th. They now have a $40.50 price target on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Team presently has a consensus rating of Hold and an average target price of $41.38.
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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