Tetra Tech, Inc. (TTEK) Announces Quarterly Dividend of $0.07
Tetra Tech (NASDAQ:TTEK) declared a quarterly dividend on Wednesday, July 30th, AR Network reports. Investors of record on Friday, August 15th will be given a dividend of 0.07 per share on Friday, September 5th. This represents a $0.28 dividend on an annualized basis and a yield of 1.05%.
A number of analysts have recently weighed in on TTEK shares. Analysts at Zacks reiterated a “neutral” rating on shares of Tetra Tech in a research note on Wednesday, July 2nd. They now have a $29.00 price target on the stock. On a related note, analysts at FBR Capital Markets reiterated an “outperform” rating on shares of Tetra Tech in a research note on Tuesday, May 6th. They now have a $32.00 price target on the stock, down previously from $33.00. Finally, analysts at Davidson cut their price target on shares of Tetra Tech from $33.00 to $30.00 in a research note on Friday, May 2nd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $29.58.
Tetra Tech (NASDAQ:TTEK) traded down 0.48% during mid-day trading on Wednesday, hitting $26.78. 333,776 shares of the company’s stock traded hands. Tetra Tech has a 52 week low of $22.21 and a 52 week high of $30.92. The stock’s 50-day moving average is $27.24 and its 200-day moving average is $28.1. The company has a market cap of $1.740 billion and a P/E ratio of 299.00.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.01. The company had revenue of $458.80 million for the quarter, compared to the consensus estimate of $494.62 million. During the same quarter in the previous year, the company posted ($1.21) earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts predict that Tetra Tech will post $1.79 earnings per share for the current fiscal year.
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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