Team, Inc. (TISI) Expected to Post Q1 2019 Earnings of ($0.35) Per Share

Team, Inc. (NYSE:TISI) – Equities researchers at KeyCorp issued their Q1 2019 earnings per share estimates for shares of Team in a report released on Wednesday, March 13th. KeyCorp analyst T. Afzal forecasts that the business services provider will earn ($0.35) per share for the quarter. KeyCorp has a “Buy” rating and a $23.00 price objective on the stock. KeyCorp also issued estimates for Team’s Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at ($0.06) EPS and Q4 2019 earnings at $0.38 EPS.

Other research analysts have also issued research reports about the company. ValuEngine upgraded Team from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research upgraded Team from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Thursday.



Shares of Team stock opened at $19.47 on Friday. Team has a 52 week low of $12.85 and a 52 week high of $25.55. The company has a quick ratio of 2.27, a current ratio of 2.61 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $570.43 million, a price-to-earnings ratio of -24.96 and a beta of 1.59.

Team (NYSE:TISI) last announced its quarterly earnings data on Tuesday, March 12th. The business services provider reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.62. Team had a negative return on equity of 5.20% and a negative net margin of 5.20%. The firm had revenue of $309.80 million during the quarter, compared to analysts’ expectations of $316.80 million.

Several hedge funds have recently bought and sold shares of TISI. Franklin Resources Inc. lifted its holdings in shares of Team by 158.2% in the third quarter. Franklin Resources Inc. now owns 1,721,300 shares of the business services provider’s stock valued at $38,729,000 after purchasing an additional 1,054,700 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Team by 420.0% in the third quarter. Eagle Asset Management Inc. now owns 528,840 shares of the business services provider’s stock valued at $11,898,000 after purchasing an additional 427,138 shares in the last quarter. University of Notre Dame DU Lac bought a new position in shares of Team in the third quarter valued at approximately $8,902,000. BlackRock Inc. lifted its holdings in shares of Team by 3.4% in the fourth quarter. BlackRock Inc. now owns 4,414,364 shares of the business services provider’s stock valued at $64,669,000 after purchasing an additional 144,716 shares in the last quarter. Finally, Vanguard Group Inc lifted its holdings in Team by 4.0% during the third quarter. Vanguard Group Inc now owns 2,955,740 shares of the business services provider’s stock worth $66,503,000 after acquiring an additional 113,382 shares during the period.

Team Company Profile

Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. The company operates through three segments: TeamQualspec Group (TeamQualspec), TeamFurmanite Group (TeamFurmanite), and Quest Integrity. The TeamQualspec segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, eddy current testing, and alternating current field measurement services.

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