Tetra Tech, Inc. (NASDAQ:TTEK) Expected to Announce Earnings of $0.90 Per Share

Analysts expect that Tetra Tech, Inc. (NASDAQ:TTEKGet Rating) will announce $0.90 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Tetra Tech’s earnings, with estimates ranging from $0.89 to $0.91. Tetra Tech posted earnings per share of $0.83 in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.4%. The business is expected to report its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Tetra Tech will report full year earnings of $4.28 per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of $4.63 per share, with EPS estimates ranging from $4.62 to $4.64. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Tetra Tech.

Tetra Tech (NASDAQ:TTEKGet Rating) last released its quarterly earnings data on Wednesday, February 2nd. The industrial products company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.16. The firm had revenue of $679.33 million for the quarter, compared to analyst estimates of $662.99 million. Tetra Tech had a net margin of 7.53% and a return on equity of 18.28%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm earned $0.96 earnings per share.

Several analysts have recently commented on TTEK shares. Robert W. Baird lowered their price objective on Tetra Tech from $176.00 to $163.00 in a research note on Thursday, February 3rd. StockNews.com initiated coverage on Tetra Tech in a research note on Thursday, March 31st. They set a “buy” rating on the stock.

NASDAQ TTEK traded down $4.35 during trading hours on Friday, hitting $139.28. The company’s stock had a trading volume of 254,257 shares, compared to its average volume of 297,549. The company has a market capitalization of $7.52 billion, a PE ratio of 30.61 and a beta of 0.86. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.20. Tetra Tech has a 52 week low of $116.01 and a 52 week high of $192.91. The company’s 50-day simple moving average is $156.83 and its two-hundred day simple moving average is $161.99.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 25th. Stockholders of record on Friday, February 11th were paid a $0.20 dividend. The ex-dividend date was Thursday, February 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.57%. Tetra Tech’s payout ratio is presently 17.58%.

In related news, Director Kirsten M. Volpi sold 900 shares of the firm’s stock in a transaction dated Tuesday, March 8th. The shares were sold at an average price of $156.34, for a total transaction of $140,706.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William R. Brownlie sold 8,967 shares of the business’s stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $165.13, for a total transaction of $1,480,720.71. The disclosure for this sale can be found here. Insiders have sold 10,185 shares of company stock valued at $1,673,750 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. AdvisorNet Financial Inc bought a new position in shares of Tetra Tech during the 1st quarter worth $35,000. CWM LLC purchased a new stake in Tetra Tech during the fourth quarter valued at about $44,000. UMB Bank N A MO bought a new position in Tetra Tech during the fourth quarter worth about $60,000. USA Financial Portformulas Corp increased its stake in shares of Tetra Tech by 3,553.8% in the fourth quarter. USA Financial Portformulas Corp now owns 475 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 462 shares in the last quarter. Finally, National Bank of Canada FI bought a new stake in shares of Tetra Tech in the fourth quarter valued at approximately $85,000. Hedge funds and other institutional investors own 85.91% of the company’s stock.

About Tetra Tech (Get Rating)

Tetra Tech, Inc provides consulting and engineering services worldwide. The company operates through two segments Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project 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.

Featured Stories

Get a free copy of the Zacks research report on Tetra Tech (TTEK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Tetra Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Tech and related companies with MarketBeat.com's FREE daily email newsletter.