Wall Street analysts expect Tetra Tech, Inc. (NASDAQ:TTEK) to post earnings per share (EPS) of $0.64 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Tetra Tech’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.65. Tetra Tech reported earnings per share of $0.54 during the same quarter last year, which would suggest a positive year over year growth rate of 18.5%. The company is scheduled to announce its next quarterly earnings results after the market closes 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 fiscal year, with EPS estimates ranging from $2.90 to $3.07. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.26 per share, with EPS estimates ranging from $3.06 to $3.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Tetra Tech.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, January 30th. The industrial products company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.08. The company had revenue of $553.36 million for the quarter, compared to analysts’ expectations of $558.46 million. Tetra Tech had a return on equity of 16.02% and a net margin of 4.55%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 earnings per share.
Shares of TTEK stock opened at $63.24 on Friday. The firm has a market capitalization of $3.49 billion, a P/E ratio of 23.95, a PEG ratio of 1.37 and a beta of 1.16. Tetra Tech has a twelve month low of $46.30 and a twelve month high of $72.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.79.
In other news, Director Albert E. Smith sold 12,600 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $60.00, for a total value of $756,000.00. Following the sale, the director now directly owns 47,358 shares of the company’s stock, valued at $2,841,480. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP William R. Brownlie sold 16,750 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $60.00, for a total value of $1,005,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,484 shares of company stock worth $4,317,047. Insiders own 3.00% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTEK. Enlightenment Research LLC purchased a new stake in shares of Tetra Tech in the fourth quarter worth $31,000. Resources Investment Advisors Inc. bought a new position in shares of Tetra Tech during the fourth quarter valued at $31,000. Quantamental Technologies LLC bought a new position in shares of Tetra Tech during the fourth quarter valued at $44,000. Meeder Asset Management Inc. bought a new position in shares of Tetra Tech during the fourth quarter valued at $66,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Tetra Tech by 4,747.1% during the third quarter. Tower Research Capital LLC TRC now owns 1,648 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 1,614 shares in the last quarter. 88.50% of the stock is currently owned by hedge funds and other institutional investors.
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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