Tetra Tech, Inc. (TTEK) Expected to Announce Earnings of $0.64 Per Share

Equities analysts predict that Tetra Tech, Inc. (NASDAQ:TTEK) will announce $0.64 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Tetra Tech’s earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.62. Tetra Tech reported earnings of $0.54 per share in the same quarter last year, which indicates a positive year over year growth rate of 18.5%. The firm is expected to report its next earnings results on Wednesday, May 1st.

According to Zacks, analysts expect that Tetra Tech will report full-year earnings of $2.98 per share for the current year, with EPS estimates ranging from $2.90 to $3.07. For the next year, analysts anticipate that the business will report earnings of $3.26 per share, with EPS estimates ranging from $3.06 to $3.35. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Tetra Tech.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, January 30th. The industrial products company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.08. The firm had revenue of $553.36 million during the quarter, compared to analyst estimates of $558.46 million. Tetra Tech had a net margin of 4.55% and a return on equity of 16.02%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 EPS.

A number of equities analysts recently weighed in on the stock. ValuEngine lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Zacks Investment Research raised shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Friday, February 8th. Roth Capital reduced their target price on shares of Tetra Tech from $73.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, January 29th. BidaskClub lowered shares of Tetra Tech from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 19th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $87.00 target price on shares of Tetra Tech in a research note on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $70.00.

In other news, SVP Craig L. Christensen sold 4,025 shares of the stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of $52.79, for a total transaction of $212,479.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Derek G. Amidon sold 4,618 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $58.95, for a total transaction of $272,231.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,159 shares of company stock valued at $3,192,527. Company insiders own 3.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Tetra Tech by 11.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,847 shares of the industrial products company’s stock valued at $199,000 after purchasing an additional 387 shares during the last quarter. Deutsche Bank AG lifted its stake in Tetra Tech by 10.1% in the 3rd quarter. Deutsche Bank AG now owns 352,504 shares of the industrial products company’s stock valued at $24,074,000 after purchasing an additional 32,296 shares during the last quarter. Teachers Advisors LLC lifted its stake in Tetra Tech by 2.6% in the 3rd quarter. Teachers Advisors LLC now owns 108,679 shares of the industrial products company’s stock valued at $7,423,000 after purchasing an additional 2,724 shares during the last quarter. Legal & General Group Plc lifted its stake in Tetra Tech by 7.1% in the 3rd quarter. Legal & General Group Plc now owns 128,715 shares of the industrial products company’s stock valued at $8,769,000 after purchasing an additional 8,492 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in Tetra Tech by 256.8% in the 4th quarter. Squarepoint Ops LLC now owns 61,219 shares of the industrial products company’s stock valued at $3,169,000 after purchasing an additional 44,059 shares during the last quarter. Institutional investors own 88.50% of the company’s stock.

Shares of NASDAQ TTEK opened at $59.59 on Wednesday. The firm has a market capitalization of $3.27 billion, a P/E ratio of 21.97, a P/E/G ratio of 1.33 and a beta of 1.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.79 and a quick ratio of 1.79. Tetra Tech has a 1-year low of $46.30 and a 1-year high of $72.56.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Wednesday, February 13th were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, February 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.81%. Tetra Tech’s dividend payout ratio is 18.18%.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.

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Earnings History and Estimates for Tetra Tech (NASDAQ:TTEK)

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