Team, Inc. (NYSE:TISI) released its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.54, Bloomberg Earnings reports. Team had a negative net margin of 2.83% and a negative return on equity of 2.22%. The business had revenue of $312.26 million during the quarter, compared to analyst estimates of $309.60 million.
Shares of Team (NYSE TISI) opened at 10.75 on Friday. The company’s market cap is $320.77 million. Team has a 1-year low of $10.45 and a 1-year high of $39.70. The company has a 50-day moving average of $17.63 and a 200-day moving average of $25.08.
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In related news, Director Jeffery Gerald Davis bought 5,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of $10.96 per share, with a total value of $54,800.00. Following the completion of the purchase, the director now directly owns 13,869 shares of the company’s stock, valued at approximately $152,004.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Louis A. Waters purchased 12,500 shares of Team stock in a transaction on Tuesday, August 15th. The shares were acquired at an average price of $11.40 per share, for a total transaction of $142,500.00. Following the completion of the transaction, the director now directly owns 160,580 shares of the company’s stock, valued at $1,830,612. The disclosure for this purchase can be found here. Insiders purchased 36,000 shares of company stock worth $408,130 over the last ninety days. 4.10% of the stock is currently owned by insiders.
A number of research analysts have weighed in on TISI shares. BidaskClub lowered shares of Team from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. TheStreet lowered shares of Team from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. Johnson Rice lowered shares of Team from a “buy” rating to a “hold” rating and cut their target price for the stock from $36.00 to $26.00 in a research report on Tuesday, July 25th. Stephens lowered shares of Team from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $34.00 to $19.00 in a research report on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of Team from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average 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.
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