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

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

Team Stock Down 1.9%

NYSE TISI traded down $0.30 during midday trading on Thursday, hitting $15.45. The company had a trading volume of 11,766 shares, compared to its average volume of 6,881. The stock has a market cap of $70.61 million, a price-to-earnings ratio of -1.32 and a beta of 1.09. The firm has a fifty day simple moving average of $15.93 and a two-hundred day simple moving average of $15.16. Team has a fifty-two week low of $12.34 and a fifty-two week high of $23.30.

Trending Headlines about Team

Here are the key news stories impacting Team this week:

Analyst Ratings Changes

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

Read Our Latest Research Report on Team

Insider Transactions at Team

In related news, Director Edward J. Stenger purchased 3,583 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were bought at an average cost of $16.31 per share, for a total transaction of $58,438.73. Following the transaction, the director directly owned 14,890 shares of the company’s stock, valued at approximately $242,855.90. This trade represents a 31.69% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 8.80% of the stock is owned by corporate insiders.

Institutional Trading of Team

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Manatuck Hill Partners LLC boosted its position in shares of Team by 16.1% during the 2nd quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock valued at $1,312,000 after acquiring an additional 10,000 shares in the last quarter. Vanguard Group Inc. increased its stake in Team by 1.7% in the third quarter. Vanguard Group Inc. now owns 162,570 shares of the business services provider’s stock valued at $2,695,000 after acquiring an additional 2,667 shares during the period. Dimensional Fund Advisors LP increased its stake in Team by 8.7% in the third quarter. Dimensional Fund Advisors LP now owns 15,057 shares of the business services provider’s stock valued at $250,000 after acquiring an additional 1,204 shares during the period. Barclays PLC increased its stake in Team by 3.5% in the third quarter. Barclays PLC now owns 299,528 shares of the business services provider’s stock valued at $4,966,000 after acquiring an additional 10,014 shares during the period. Finally, Susquehanna International Group LLP increased its stake in Team by 5.1% in the third quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 834 shares during the period. 46.57% of the stock is currently owned by institutional investors and hedge funds.

Team Company Profile

(Get Free Report)

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.

See Also

Earnings History for Team (NYSE:TISI)

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