Team (NYSE:TISI) Releases Quarterly Earnings Results, Beats Estimates By $4.21 EPS

Key Points

• Team reported quarterly EPS of ($1.73), beating estimates of ($5.94) by $4.21.
• Shares traded around $16.79, down $0.21, with a market capitalization of approximately $76.7 million and a 52-week range of $12.34 to $19.99.
• Insiders bought 12,650 shares worth about $203,862 over the past 90 days, but the stock retains a consensus “Sell” rating from analysts.

Team (NYSE:TISI - Get Free Report) issued its quarterly earnings results on Monday. The business services provider reported ($1.73) earnings per share for the quarter, beating the consensus estimate of ($5.94) by $4.21, Zacks reports.

Team Stock Performance

Shares of TISI stock traded down $0.21 during mid-day trading on Monday, hitting $16.79. The company's stock had a trading volume of 21,093 shares, compared to its average volume of 7,533. The stock has a market cap of $76.73 million, a price-to-earnings ratio of -2.04 and a beta of 1.04. Team has a 52-week low of $12.34 and a 52-week high of $19.99. The business has a 50-day moving average price of $16.97 and a 200 day moving average price of $15.97.

Insider Activity at Team

In other Team news, CEO Gary L. Hill acquired 6,250 shares of Team stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost of $16.00 per share, for a total transaction of $100,000.00. Following the acquisition, the chief executive officer owned 51,687 shares of the company's stock, valued at $826,992. This represents a 13.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders acquired 12,650 shares of company stock worth $203,862 over the last 90 days. Company insiders own 8.80% of the company's stock.

Hedge Funds Weigh In On Team

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Corre Partners Management LLC grew its stake in shares of Team by 1.1% in the fourth quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider's stock worth $22,669,000 after acquiring an additional 17,030 shares during the period. Barclays PLC lifted 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 purchasing an additional 14,238 shares during the period. Vanguard Group Inc. lifted its position in Team by 1.7% during the third quarter. Vanguard Group Inc. now owns 162,570 shares of the business services provider's stock valued at $2,695,000 after purchasing an additional 2,667 shares during the period. IES Holdings Inc. purchased a new stake in Team in the fourth quarter worth approximately $1,060,000. Finally, Manatuck Hill Partners LLC boosted its holdings in Team by 16.1% in the second quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider's stock worth $1,312,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors own 46.57% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Team in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Team currently has a consensus rating of "Sell".

Key Team News

Here are the key news stories impacting Team this week:

• Neutral Sentiment: Sekur Private Data (OTCQB: SWISF; CSE: SKUR) is promoting its SekurOne controlled-unclassified-information communications platform at a U.S. intelligence conference. This is unrelated to Team, Inc. Sekur Private Data Government Team Attending DoDIIS Worldwide Intelligence Conference
• Neutral Sentiment: Other reports cover Nvidia’s potential $500 billion AI-infrastructure funding partnership, Trupanion’s veterinary education course, PTX Metals and Huanxi Media management changes, and a proposed Cloudflare-Starlink networking collaboration. None involves TISI or directly affects its outlook.
• Neutral Sentiment: Several articles discuss Bitcoin security research, including the discovery of thousands of vulnerabilities across crypto projects. These developments do not identify Team, Inc. as a participant or beneficiary.
• Neutral Sentiment: Additional stories about travel-expense management and political or sports-related topics have no apparent connection to Team’s inspection, maintenance, and industrial-services businesses.

About Team

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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