Team, Inc. to Post FY2019 Earnings of $0.34 Per Share, KeyCorp Forecasts (TISI)

Team, Inc. (NYSE:TISI) – Equities research analysts at KeyCorp decreased their FY2019 earnings estimates for Team in a research report issued on Tuesday, November 6th. KeyCorp analyst T. Afzal now anticipates that the business services provider will post earnings of $0.34 per share for the year, down from their prior forecast of $0.42. KeyCorp currently has a “Overweight” rating and a $28.00 target price on the stock. KeyCorp also issued estimates for Team’s FY2020 earnings at $1.00 EPS.

A number of other brokerages have also commented on TISI. ValuEngine upgraded shares of Team from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 25th. Johnson Rice lowered shares of Team from a “buy” rating to an “accumulate” rating and cut their price objective for the stock from $26.00 to $25.00 in a report on Thursday. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Team currently has an average rating of “Buy” and a consensus target price of $26.50.

TISI stock traded down $0.24 during trading on Friday, reaching $19.48. The stock had a trading volume of 21,906 shares, compared to its average volume of 275,573. Team has a 1-year low of $12.60 and a 1-year high of $25.55. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.61 and a quick ratio of 2.50. The firm has a market capitalization of $638.86 million, a P/E ratio of -46.38 and a beta of 1.81.

Team (NYSE:TISI) last posted its earnings results on Monday, November 5th. The business services provider reported ($0.56) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.25). The business had revenue of $290.86 million for the quarter, compared to analyst estimates of $307.10 million. Team had a negative net margin of 5.84% and a negative return on equity of 5.97%.

Institutional investors have recently bought and sold shares of the business. Advisors Preferred LLC acquired a new position in Team during the 2nd quarter valued at about $141,000. Piedmont Investment Advisors LLC acquired a new position in Team during the 2nd quarter valued at about $161,000. Barclays PLC boosted its stake in Team by 98.9% during the 1st quarter. Barclays PLC now owns 9,235 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 4,592 shares during the period. Bank of Montreal Can acquired a new position in Team during the 2nd quarter valued at about $237,000. Finally, SG Americas Securities LLC acquired a new position in Team during the 2nd quarter valued at about $239,000.

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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