Tetra Tech (TTEK) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS
Tetra Tech (NASDAQ:TTEK) issued its quarterly earnings data on Thursday. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.05, Analyst RN reports. The company had revenue of $483.00 million for the quarter, compared to the consensus estimate of $497.89 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis.
Shares of Tetra Tech (NASDAQ:TTEK) opened at 27.77 on Thursday. Tetra Tech has a 52 week low of $22.21 and a 52 week high of $31.49. The stock has a 50-day moving average of $28.28 and a 200-day moving average of $26.05. The company’s market cap is $1.782 billion.
Several analysts have recently commented on the stock. 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 assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $29.27.
In other Tetra Tech news, SVP Craig Christensen sold 20,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the transaction, 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 legal filing with the SEC, which can be accessed through 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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