Team (NYSE:TISI) Releases Earnings Results, Beats Estimates By $0.30 EPS

Team (NYSE:TISIGet Free Report) issued its earnings results on Wednesday. The business services provider reported ($2.76) EPS for the quarter, beating analysts’ consensus estimates of ($3.06) by $0.30, Zacks reports. The firm had revenue of $215.06 million during the quarter, compared to analyst estimates of $235.71 million.

Team Price Performance

TISI stock traded down $0.30 during mid-day trading on Thursday, reaching $15.45. The company had a trading volume of 11,318 shares, compared to its average volume of 6,828. The stock has a 50 day simple moving average of $15.93 and a two-hundred day simple moving average of $15.16. The company has a market capitalization of $70.61 million, a price-to-earnings ratio of -1.32 and a beta of 1.09. Team has a 52 week low of $12.34 and a 52 week high of $23.30.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Team in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Team has a consensus rating of “Sell”.

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Key Headlines Impacting Team

Here are the key news stories impacting Team this week:

Insiders Place Their Bets

In related news, Director Edward J. Stenger purchased 3,583 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was purchased at an average cost of $16.31 per share, for a total transaction of $58,438.73. Following the completion of the purchase, the director directly owned 14,890 shares in the company, valued at $242,855.90. This trade represents a 31.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Barclays PLC boosted its stake in shares of Team by 4.8% during the 4th quarter. Barclays PLC now owns 313,766 shares of the business services provider’s stock worth $4,434,000 after acquiring an additional 14,238 shares during the period. Corre Partners Management LLC boosted its stake in shares of Team by 1.1% during the 4th quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider’s stock worth $22,669,000 after acquiring an additional 17,030 shares during the period. Vanguard Group Inc. boosted its stake in shares of Team by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 162,570 shares of the business services provider’s stock worth $2,695,000 after acquiring an additional 2,667 shares during the period. DG Capital Management LLC bought a new position in shares of Team during the 4th quarter worth approximately $913,000. Finally, IES Holdings Inc. bought a new position in shares of Team during the 4th quarter worth approximately $1,060,000. 46.57% of the stock is currently owned by institutional investors.

Team Company Profile

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Team, Inc (NYSE:TISI) designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company’s solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.

Team’s product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.

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Earnings History for Team (NYSE:TISI)

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