Team (NYSE:TISI) Issues Earnings Results

Key Points

• Team (NYSE:TISI) reported a quarterly earnings per share (EPS) of ($0.20) and experienced a negative return on equity of 753.94% alongside a negative net margin of 5.97%.
• The company's stock fell by 1.5% during trading, reaching $16.36, and has a wide trading range with a twelve-month low of $9.31 and a high of $26.77.
• Insider trading activity included major shareholder Corre Partners Management purchasing 3,640 shares, increasing their position by 0.23%, while Director Evan S. Lederman sold 1,650 shares, decreasing his position significantly by 21.92%.

Team (NYSE:TISI - Get Free Report) released its quarterly earnings results on Tuesday. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, Zacks reports. Team had a negative return on equity of 753.94% and a negative net margin of 5.97%.

Team Stock Down 1.5%

NYSE TISI traded down $0.25 during mid-day trading on Tuesday, hitting $16.36. The company's stock had a trading volume of 10,475 shares, compared to its average volume of 17,162. The company's 50 day simple moving average is $18.21 and its 200 day simple moving average is $18.45. Team has a twelve month low of $9.31 and a twelve month high of $26.77. The company has a current ratio of 1.91, a quick ratio of 1.65 and a debt-to-equity ratio of 183.33. The firm has a market capitalization of $73.43 million, a price-to-earnings ratio of -1.44 and a beta of 1.86.

Insider Buying and Selling at Team

In other Team news, major shareholder Corre Partners Management, Llc purchased 3,640 shares of Team stock in a transaction that occurred on Wednesday, June 11th. The stock was acquired at an average price of $19.28 per share, with a total value of $70,179.20. Following the transaction, the insider owned 1,586,368 shares in the company, valued at $30,585,175.04. This trade represents a 0.23% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Evan S. Lederman sold 1,650 shares of Team stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $18.04, for a total transaction of $29,766.00. Following the completion of the sale, the director directly owned 5,878 shares of the company's stock, valued at approximately $106,039.12. The trade was a 21.92% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders purchased 27,776 shares of company stock valued at $525,907. 3.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Team from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd.

About Team

Team, Inc, together with its subsidiaries, provides a suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.