Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Team (TISI) Share Price
Media headlines about Team (NYSE:TISI) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Team earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.7476091010066 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
- SCOR is honored with two awards for its North American Life and P&C reinsurance business by Reactions magazine (feeds.benzinga.com)
- EV News: Toyota, Mazda Team Up to Make Electric Vehicles (investorplace.com)
- Front Porch Announces Ed Salvador to Join Leadership Team as New CFO (feeds.benzinga.com)
- The 6 Stocks on the MFM Team’s Radar This Week (fool.com)
- Everything You Need To Know To Hire, Train And Retain A Killer Sales Team (forbes.com)
A number of analysts have recently issued reports on the company. BidaskClub raised Team from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. TheStreet lowered Team from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. Johnson Rice lowered Team from a “buy” rating to a “hold” rating and dropped their target price for the stock from $36.00 to $26.00 in a research report on Tuesday, July 25th. Stephens lowered Team from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $34.00 to $19.00 in a research report on Tuesday, July 25th. Finally, Zacks Investment Research raised Team from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $22.50.
Shares of Team (NYSE:TISI) traded down 1.48% during mid-day trading on Friday, hitting $13.35. The stock had a trading volume of 905,442 shares. The company’s market cap is $398.35 million. Team has a one year low of $10.45 and a one year high of $39.70. The firm’s 50 day moving average price is $12.23 and its 200-day moving average price is $21.76.
Team (NYSE:TISI) last released its quarterly earnings results on Monday, August 7th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.54). Team had a negative net margin of 2.83% and a negative return on equity of 2.22%. The firm had revenue of $312.26 million for the quarter, compared to the consensus estimate of $309.60 million. On average, equities research analysts anticipate that Team will post ($0.52) earnings per share for the current fiscal year.
In other news, Director Louis A. Waters purchased 17,500 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was bought at an average cost of $11.40 per share, for a total transaction of $199,500.00. Following the completion of the acquisition, the director now directly owns 160,580 shares of the company’s stock, valued at $1,830,612. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Louis A. Waters purchased 12,500 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average price of $11.40 per share, with a total value of $142,500.00. Following the completion of the acquisition, the director now directly owns 160,580 shares of the company’s stock, valued at $1,830,612. The disclosure for this purchase can be found here. Insiders have acquired 36,000 shares of company stock valued at $408,130 over the last 90 days. Corporate 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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