Team CEO Sells $3,446,880 in Stock (TISI)
Team (NASDAQ:TISI) CEO Philip J. Hawk sold 86,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $40.08, for a total value of $3,446,880.00. Following the transaction, the chief executive officer now directly owns 43,310 shares in the company, valued at approximately $1,735,865. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Team (NASDAQ:TISI) traded down 0.02% on Tuesday, hitting $40.39. 85,126 shares of the company’s stock traded hands. Team has a 1-year low of $32.33 and a 1-year high of $48.09. The stock has a 50-day moving average of $40.7 and a 200-day moving average of $41.86. The company has a market cap of $827.3 million and a P/E ratio of 28.86.
Team (NASDAQ:TISI) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.03. The company had revenue of $211.49 million for the quarter, compared to the consensus estimate of $211.25 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts expect that Team will post $1.98 EPS for the current fiscal year.
A number of analysts have recently weighed in on TISI shares. Analysts at ISI Group downgraded shares of Team from a “buy” rating to a “hold” rating in a research note on Monday, June 2nd. Analysts at BB&T Corp. downgraded shares of Team from a “buy” rating to a “hold” rating in a research note on Monday, June 2nd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $42.00.
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 extensively in heavy industries.
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