Tetra Tech (TTEK) Set to Announce Quarterly Earnings on Thursday
Tetra Tech (NASDAQ:TTEK) is set to release its Q114 earnings data on Thursday, January 30th. Analysts expect Tetra Tech to post earnings of $0.37 per share and revenue of $497.89 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Thursday, November 14th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.03. The company had revenue of $531.50 million for the quarter, compared to the consensus estimate of $521.54 million. During the same quarter last year, the company posted $0.48 earnings per share. Tetra Tech’s revenue was down .9% compared to the same quarter last year. On average, analysts expect Tetra Tech to post $1.75 EPS for the current fiscal year and $2.03 EPS for the next fiscal year.
Shares of Tetra Tech (NASDAQ:TTEK) opened at 28.75 on Wednesday. Tetra Tech has a 52 week low of $22.21 and a 52 week high of $31.49. The stock’s 50-day moving average is $28.27 and its 200-day moving average is $26.04. The company’s market cap is $1.845 billion.
A number of research firms have recently commented on TTEK. Analysts at Stephens upgraded shares of Tetra Tech from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, January 17th. They now have a $36.00 price target on the stock. On a related note, analysts at KeyCorp upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 16th. They now have a $33.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $29.27.
In other Tetra Tech news, SVP Craig Christensen sold 20,000 shares of Tetra Tech stock on the open market in a transaction dated Friday, January 17th. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the sale, the senior vice president now directly owns 29,509 shares of the company’s stock, valued at approximately $885,270. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management and technical services focusing on natural resource management, infrastructure, energy and the environment.
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