Team (NYSE:TISI) Announces Quarterly Earnings Results, Misses Expectations By $0.31 EPS

Team (NYSE:TISI) posted its quarterly earnings results on Tuesday, May 7th. The business services provider reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.31), MarketWatch Earnings reports. The company had revenue of $269.60 million during the quarter, compared to analysts’ expectations of $294.20 million. Team had a negative return on equity of 5.75% and a negative net margin of 5.86%.

NYSE:TISI traded down $0.27 during mid-day trading on Friday, reaching $14.52. The company’s stock had a trading volume of 202,300 shares, compared to its average volume of 275,973. The firm has a market cap of $439.50 million, a price-to-earnings ratio of -18.62 and a beta of 1.57. Team has a 12-month low of $13.90 and a 12-month high of $25.55. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.86 and a current ratio of 2.18.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Team from a “hold” rating to a “strong sell” rating in a research report on Friday, May 10th. TheStreet raised Team from a “d+” rating to a “c-” rating in a research report on Monday, March 25th. Finally, ValuEngine lowered Team from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Team has an average rating of “Hold” and an average price target of $22.33.

In other news, Director Craig L. Martin purchased 20,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was acquired at an average cost of $15.20 per share, for a total transaction of $304,000.00. Following the purchase, the director now directly owns 29,585 shares in the company, valued at approximately $449,692. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.50% of the company’s stock.

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Team Company Profile

Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. It operates through three segments: Inspection and Heat Treating Group (IHT), Mechanical Services Group (MS), and Quest Integrity Group (Quest Integrity). The IHT segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, alternating current field measurement, and eddy current testing services.

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Earnings History for Team (NYSE:TISI)

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