Equities analysts expect that Tetra Tech, Inc. (NASDAQ:TTEK) will post $518.73 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Tetra Tech’s earnings. The lowest sales estimate is $504.90 million and the highest is $533.10 million. Tetra Tech reported sales of $511.95 million in the same quarter last year, which indicates a positive year over year growth rate of 1.3%. The company is scheduled to report its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that Tetra Tech will report full-year sales of $518.73 million for the current year, with estimates ranging from $2.11 billion to $2.20 billion. For the next year, analysts forecast that the firm will post sales of $2.25 billion per share, with estimates ranging from $2.20 billion to $2.29 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Tetra Tech.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.12. The company had revenue of $544.85 million during the quarter, compared to analyst estimates of $510.22 million. Tetra Tech had a return on equity of 14.26% and a net margin of 4.83%. Tetra Tech’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 earnings per share.
Several brokerages have issued reports on TTEK. BidaskClub lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Zacks Investment Research lowered Tetra Tech from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Robert W. Baird upped their target price on Tetra Tech from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $60.00 target price on shares of Tetra Tech in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Tetra Tech presently has an average rating of “Hold” and a consensus target price of $54.57.
Shares of Tetra Tech (NASDAQ TTEK) opened at $48.25 on Monday. The stock has a market capitalization of $2,694.81, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 1.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.25 and a quick ratio of 2.25. Tetra Tech has a 52 week low of $38.85 and a 52 week high of $53.40.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Wednesday, February 14th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.40 annualized dividend and a yield of 0.83%. Tetra Tech’s payout ratio is currently 16.74%.
In other Tetra Tech news, CEO Dan L. Batrack sold 43,317 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $48.65, for a total value of $2,107,372.05. Following the completion of the sale, the chief executive officer now owns 318,994 shares in the company, valued at $15,519,058.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Roger R. Argus sold 1,138 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $49.63, for a total value of $56,478.94. Following the completion of the sale, the senior vice president now owns 6,948 shares of the company’s stock, valued at approximately $344,829.24. The disclosure for this sale can be found here. Insiders sold 199,566 shares of company stock valued at $9,751,615 in the last quarter. Corporate insiders own 3.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. State Street Corp lifted its position in Tetra Tech by 5.2% in the second quarter. State Street Corp now owns 1,502,537 shares of the industrial products company’s stock valued at $68,741,000 after purchasing an additional 74,476 shares during the last quarter. Rice Hall James & Associates LLC lifted its position in Tetra Tech by 5.5% in the fourth quarter. Rice Hall James & Associates LLC now owns 1,272,473 shares of the industrial products company’s stock valued at $61,270,000 after purchasing an additional 66,381 shares during the last quarter. KAMES CAPITAL plc lifted its position in Tetra Tech by 7.3% in the fourth quarter. KAMES CAPITAL plc now owns 1,209,670 shares of the industrial products company’s stock valued at $58,185,000 after purchasing an additional 82,147 shares during the last quarter. Boston Partners raised its holdings in shares of Tetra Tech by 4.4% during the fourth quarter. Boston Partners now owns 1,079,262 shares of the industrial products company’s stock valued at $51,967,000 after acquiring an additional 45,770 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in shares of Tetra Tech by 1.4% during the third quarter. Neuberger Berman Group LLC now owns 783,488 shares of the industrial products company’s stock valued at $36,471,000 after acquiring an additional 10,692 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.
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About Tetra Tech
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.
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