Team, Inc. (TISI) Announces Earnings Results, Misses Estimates By $0.54 EPS
Team, Inc. (NYSE:TISI) issued its quarterly earnings results on Monday. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.54, Bloomberg Earnings reports. The business had revenue of $312.26 million for the quarter, compared to analysts’ expectations of $309.60 million. Team had a negative net margin of 1.28% and a positive return on equity of 1.02%.
Team (TISI) traded down 7.143% during mid-day trading on Tuesday, reaching $12.025. 893,452 shares of the company’s stock were exchanged. Team has a one year low of $11.25 and a one year high of $39.70. The company’s 50-day moving average is $22.40 and its 200 day moving average is $27.02. The firm’s market capitalization is $358.51 million.
A number of research firms have weighed in on TISI. TheStreet lowered shares of Team from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. Stephens lowered shares of Team from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $34.00 to $19.00 in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of Team from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. BidaskClub lowered shares of Team from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, ValuEngine lowered shares of Team from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.50.
Team, Inc is a provider of specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels. The Company conducts its operations through three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group.
Receive News & Ratings for Team Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Team Inc. and related companies with MarketBeat.com's FREE daily email newsletter.