Team (NYSE:TISI) Issues Quarterly Earnings Results

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

Team Price Performance

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

Insiders Place Their Bets

In other news, Director Edward J. Stenger purchased 3,583 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were acquired at an average price of $16.31 per share, with a total value of $58,438.73. Following the completion of the transaction, the director owned 14,890 shares of the company’s stock, valued at $242,855.90. The trade was a 31.69% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.80% of the stock is owned by insiders.

Institutional Trading of Team

A number of institutional investors have recently bought and sold shares of TISI. IES Holdings Inc. bought a new stake in Team during the fourth quarter valued at $1,060,000. DG Capital Management LLC bought a new stake in Team during the fourth quarter valued at $913,000. Corre Partners Management LLC boosted its position in Team by 1.1% during the fourth quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider’s stock valued at $22,669,000 after acquiring an additional 17,030 shares during the last quarter. Barclays PLC boosted its position in Team by 4.8% during the fourth quarter. Barclays PLC now owns 313,766 shares of the business services provider’s stock valued at $4,434,000 after acquiring an additional 14,238 shares during the last quarter. Finally, DRW Securities LLC bought a new stake in Team during the fourth quarter valued at $168,000. Institutional investors own 46.57% of the company’s stock.

Key Stories Impacting Team

Here are the key news stories impacting Team this week:

Analysts Set New Price Targets

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

Read Our Latest Report on Team

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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