Tetra Tech (TTEK) Set to Announce Quarterly Earnings on Wednesday

Tetra Tech (NASDAQ:TTEK) is set to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Tetra Tech to post earnings of $1.31 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $974.00 million. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. During the same period last year, the firm earned $1.34 EPS. On average, analysts expect Tetra Tech to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Tetra Tech Trading Up 2.6 %

Shares of Tetra Tech stock opened at $188.94 on Wednesday. The business has a fifty day simple moving average of $183.53 and a 200-day simple moving average of $169.60. The firm has a market cap of $10.11 billion, a price-to-earnings ratio of 43.82 and a beta of 0.96. Tetra Tech has a fifty-two week low of $132.29 and a fifty-two week high of $194.99. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.61.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Wednesday, February 14th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Tuesday, February 13th. Tetra Tech’s payout ratio is 24.07%.

Insiders Place Their Bets

In related news, Director J Kenneth Thompson sold 8,400 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $165.00, for a total value of $1,386,000.00. Following the completion of the sale, the director now owns 14,485 shares in the company, valued at approximately $2,390,025. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Steven M. Burdick sold 7,128 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $165.01, for a total value of $1,176,191.28. Following the completion of the sale, the chief financial officer now directly owns 37,405 shares of the company’s stock, valued at $6,172,199.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Kenneth Thompson sold 8,400 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $165.00, for a total transaction of $1,386,000.00. Following the transaction, the director now directly owns 14,485 shares in the company, valued at $2,390,025. The disclosure for this sale can be found here. Insiders sold a total of 32,123 shares of company stock worth $5,487,673 over the last ninety days. 0.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on TTEK shares. KeyCorp initiated coverage on shares of Tetra Tech in a report on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 target price on the stock. Royal Bank of Canada upped their price target on Tetra Tech from $192.00 to $203.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Tetra Tech presently has an average rating of “Moderate Buy” and an average target price of $197.25.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. 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.