D.A. Davidson & Co. Sees Growth Outlook For Team

In a report published Wednesday, D.A. Davidson & Co. analyst Tristan Richardson reiterated a Neutral rating and $45.00 price target on Team TISI. In the report, D.A. Davidson & Co. noted, “Operating earnings of $0.63 per share compare with our projection of $0.60 (excluding estimated charges), $0.54 per share last year and consensus of $0.60 for the company's fourth fiscal quarter ended May 31, 2014. Generally, results were in line with the company's recent pre-release, citing deferrals for certain pipeline projects as well as lower than expected activity levels. Operating earnings exclude a $0.06 per share charge related to the revaluation of the company's Venezuelan assets. The fourth quarter brought FY14 operating earnings to $1.48 (excluding Venezuela and a contingent liability gain) compared with $1.55 last year.” Team closed on Tuesday at $40.49.