Team, Inc. (NYSE:TISI) – Research analysts at KeyCorp reduced their FY2019 earnings estimates for Team in a report issued on Monday, November 11th. KeyCorp analyst S. Eastman now expects that the business services provider will post earnings of ($0.34) per share for the year, down from their previous forecast of ($0.15). KeyCorp also issued estimates for Team’s Q4 2019 earnings at $0.04 EPS and FY2020 earnings at $0.40 EPS.
Team (NYSE:TISI) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.05). Team had a positive return on equity of 1.08% and a negative net margin of 1.42%. The firm had revenue of $290.08 million for the quarter, compared to analysts’ expectations of $323.30 million.
Team stock opened at $16.89 on Wednesday. Team has a fifty-two week low of $13.90 and a fifty-two week high of $19.64. The stock has a market cap of $541.95 million, a PE ratio of -21.65 and a beta of 1.57. The firm’s 50-day simple moving average is $17.85 and its 200 day simple moving average is $16.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.08 and a current ratio of 2.07.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP purchased a new position in Team in the first quarter valued at about $41,000. Quantamental Technologies LLC purchased a new position in Team in the second quarter valued at about $44,000. Nisa Investment Advisors LLC boosted its stake in Team by 20.2% in the third quarter. Nisa Investment Advisors LLC now owns 5,350 shares of the business services provider’s stock valued at $97,000 after acquiring an additional 900 shares during the last quarter. Aperio Group LLC purchased a new position in Team in the second quarter valued at about $156,000. Finally, Delta Investment Management LLC purchased a new position in Team in the second quarter valued at about $164,000.
In other news, Director Robert C. Skaggs, Jr. purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were acquired at an average cost of $16.21 per share, for a total transaction of $32,420.00. Following the completion of the acquisition, the director now owns 1,600 shares in the company, valued at $25,936. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by insiders.
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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