Team (TISI) Releases Quarterly Earnings Results, Hits Estimates
Team (NASDAQ:TISI) announced its earnings results on Wednesday. The company reported $0.62 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.62, American Banking and Market News reports. The company had revenue of $200.00 million for the quarter, compared to the consensus estimate of $214.50 million. During the same quarter last year, the company posted $0.66 earnings per share. Team’s revenue was up .0% compared to the same quarter last year.
Shares of Team (NASDAQ:TISI) opened at 41.35 on Wednesday. Team has a 52-week low of $32.33 and a 52-week high of $46.66. The stock has a 50-day moving average of $40.26 and a 200-day moving average of $39.02. The company has a market cap of $849.0 million and a P/E ratio of 30.16.
On the ratings front, 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target 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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