Team (NYSE:TISI) posted its earnings results on Tuesday, March 13th. The business services provider reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.42, Bloomberg Earnings reports. The company had revenue of $316.33 million for the quarter, compared to the consensus estimate of $307.70 million. Team had a negative return on equity of 2.52% and a negative net margin of 8.68%.
NYSE:TISI opened at $14.80 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.35 and a current ratio of 2.69. Team has a 52 week low of $10.45 and a 52 week high of $30.20. The company has a market cap of $426.27, a price-to-earnings ratio of -35.24 and a beta of 1.61.
TISI has been the subject of several research analyst reports. Johnson Rice upgraded Team from a “hold” rating to an “accumulate” rating and set a $24.00 price target for the company in a research note on Tuesday, January 23rd. TheStreet upgraded Team from a “d” rating to a “c-” rating in a research note on Wednesday, March 14th. KeyCorp increased their target price on Team to $19.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Stephens upgraded Team from an “equal weight” rating to an “overweight” rating in a research note on Monday, January 22nd. Finally, ValuEngine lowered Team from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 15th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Team currently has an average rating of “Hold” and an average price target of $20.67.
In related news, insider Greg L. Boane purchased 2,015 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The shares were acquired at an average price of $14.83 per share, with a total value of $29,882.45. Following the acquisition, the insider now owns 11,572 shares in the company, valued at approximately $171,612.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.10% of the company’s stock.
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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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