According to Zacks, “Team, Inc. is a professional, full-service provider of specialty industrial services. Team’s current industrial service offering encompasses on-stream leak repair, hot tapping, fugitive emissions monitoring, field machining, technical bolting, field valve repair, NDE inspection and field heat treating. All these services are required in maintaining high temperature, high pressure piping systems and vessels utilized extensively in the refining, petrochemical, power, pipeline, and other heavy industries. Team’s inspection services also serve the aerospace and automotive industries. “
Separately, Sidoti initiated coverage on Team in a report on Thursday, December 12th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $21.50.
TISI stock traded up $0.04 during midday trading on Tuesday, reaching $15.20. 1,807 shares of the company’s stock traded hands, compared to its average volume of 142,122. The company has a 50-day simple moving average of $15.97 and a two-hundred day simple moving average of $16.60. Team has a 1-year low of $13.92 and a 1-year high of $19.64. The company has a market cap of $459.11 million, a price-to-earnings ratio of -19.50 and a beta of 1.52. The company has a quick ratio of 1.81, a current ratio of 2.07 and a debt-to-equity ratio of 0.90.
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 Zacks’ consensus estimate of $0.02 by ($0.05). Team had a negative net margin of 1.42% and a positive return on equity of 1.08%. The business had revenue of $290.08 million for the quarter, compared to analyst estimates of $323.30 million. Equities research analysts forecast that Team will post -0.34 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in TISI. State Street Corp increased its stake in shares of Team by 2.2% in the 3rd quarter. State Street Corp now owns 874,944 shares of the business services provider’s stock valued at $15,793,000 after buying an additional 19,015 shares during the period. BBVA USA Bancshares Inc. increased its stake in shares of Team by 27.4% in the 3rd quarter. BBVA USA Bancshares Inc. now owns 28,246 shares of the business services provider’s stock valued at $510,000 after buying an additional 6,080 shares during the period. Monarch Partners Asset Management LLC acquired a new stake in shares of Team in the 3rd quarter valued at $718,000. Gamco Investors INC. ET AL increased its stake in shares of Team by 3.2% in the 3rd quarter. Gamco Investors INC. ET AL now owns 1,686,925 shares of the business services provider’s stock valued at $30,449,000 after buying an additional 52,256 shares during the period. Finally, Comerica Bank increased its stake in shares of Team by 2.1% in the 3rd quarter. Comerica Bank now owns 28,431 shares of the business services provider’s stock valued at $499,000 after buying an additional 593 shares during the period.
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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