Team (TISI) to Release Earnings on Tuesday

Team (NYSE:TISI) is scheduled to release its Q2 2019 earnings data after the market closes on Tuesday, August 6th. Analysts expect Team to post earnings of $0.15 per share for the quarter.

Team (NYSE:TISI) last issued its quarterly earnings results on Tuesday, May 7th. The business services provider reported ($0.66) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.31). Team had a negative return on equity of 5.75% and a negative net margin of 5.86%. The company had revenue of $269.60 million during the quarter, compared to analysts’ expectations of $294.20 million. On average, analysts expect Team to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE:TISI traded down $0.52 on Monday, hitting $15.39. 224 shares of the company’s stock traded hands, compared to its average volume of 183,300. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.86 and a current ratio of 2.18. Team has a 1 year low of $13.90 and a 1 year high of $25.55. The firm’s 50-day simple moving average is $15.16. The firm has a market capitalization of $481.25 million, a P/E ratio of -20.40 and a beta of 1.58.

TISI has been the topic of several research analyst reports. Zacks Investment Research cut Team from a “hold” rating to a “strong sell” rating in a research note on Friday, May 10th. ValuEngine cut Team from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $22.33.

In other Team news, Director Craig L. Martin bought 20,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were bought at an average price of $15.20 per share, with a total value of $304,000.00. Following the purchase, the director now directly owns 29,585 shares in the company, valued at approximately $449,692. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

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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