Team (NYSE:TISI) Issues Earnings Results

Team (NYSE:TISI) posted its earnings results on Monday. The business services provider reported ($1.73) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.94) by $4.21, Zacks reports. The company had revenue of $228.68 million for the quarter, compared to analyst estimates of $208.88 million.

Team Trading Down 1.2%

Shares of Team stock traded down $0.21 during trading on Monday, reaching $16.79. The stock had a trading volume of 21,409 shares, compared to its average volume of 7,533. The company has a market capitalization of $76.73 million, a price-to-earnings ratio of -2.04 and a beta of 1.04. The stock has a fifty day moving average price of $16.97 and a two-hundred day moving average price of $15.97. Team has a 52 week low of $12.34 and a 52 week high of $19.99.

Insider Activity

In other news, CEO Gary L. Hill bought 6,250 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average price of $16.00 per share, with a total value of $100,000.00. Following the transaction, the chief executive officer owned 51,687 shares in the company, valued at $826,992. This represents a 13.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 12,650 shares of company stock worth $203,862 in the last ninety days. 8.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Team

Large investors have recently bought and sold shares of the company. DRW Securities LLC acquired a new stake in shares of Team in the fourth quarter valued at approximately $168,000. Dimensional Fund Advisors LP boosted its holdings in Team by 8.7% during the third quarter. Dimensional Fund Advisors LP now owns 15,057 shares of the business services provider’s stock worth $250,000 after purchasing an additional 1,204 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in Team by 5.1% during the third quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock worth $286,000 after purchasing an additional 834 shares during the last quarter. DG Capital Management LLC acquired a new position in Team during the fourth quarter worth $913,000. Finally, IES Holdings Inc. bought a new position in Team in the fourth quarter valued at $1,060,000. Institutional investors and hedge funds own 46.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Team in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Team News Roundup

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.