Team, Inc. (TISI) Set to Announce Earnings on Monday
Team, Inc. (NYSE:TISI) is scheduled to release its earnings data after the market closes on Monday, October 30th. Analysts expect Team to post earnings of ($0.18) per share for the quarter.
Team (NYSE:TISI) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.54). The firm had revenue of $312.26 million during the quarter, compared to the consensus estimate of $309.60 million. Team had a negative return on equity of 2.22% and a negative net margin of 2.83%. On average, analysts expect Team to post $-0.52 EPS for the current fiscal year and $0.69 EPS for the next fiscal year.
Shares of Team, Inc. (NYSE:TISI) traded down 2.43% during mid-day trading on Monday, reaching $12.05. 56,005 shares of the company’s stock traded hands. Team, Inc. has a 12-month low of $10.45 and a 12-month high of $39.70. The company’s 50-day moving average price is $12.94 and its 200-day moving average price is $19.62. The stock’s market capitalization is $359.56 million.
In related news, Director Louis A. Waters acquired 12,500 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average price of $11.40 per share, with a total value of $142,500.00. Following the transaction, the director now owns 160,580 shares of the company’s stock, valued at approximately $1,830,612. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Louis A. Waters acquired 17,500 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average cost of $11.40 per share, with a total value of $199,500.00. Following the transaction, the director now directly owns 160,580 shares in the company, valued at approximately $1,830,612. The disclosure for this purchase can be found here. Insiders have purchased a total of 36,000 shares of company stock valued at $408,130 in the last ninety days. 4.10% of the stock is currently owned by corporate insiders.
Several analysts have recently weighed in on TISI shares. Stephens cut shares of Team from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $34.00 to $19.00 in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Team from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Johnson Rice cut shares of Team from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $36.00 to $26.00 in a research report on Tuesday, July 25th. BidaskClub raised shares of Team from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Finally, TheStreet cut shares of Team from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $22.50.
Team Company Profile
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.
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