Share on StockTwits

Tetra Tech (NASDAQ:TTEK) was downgraded by investment analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday, reports. They currently have a $23.00 target price on the stock, down from their previous target price of $31.00. Robert W. Baird’s price objective would suggest a potential downside of 8.37% from the company’s current price.

TTEK has been the subject of a number of other recent research reports. 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. 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. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $28.50.

Tetra Tech (NASDAQ:TTEK) traded up 3.38% on Thursday, hitting $25.10. 1,279,644 shares of the company’s stock traded hands. Tetra Tech has a 1-year low of $22.21 and a 1-year high of $30.92. The stock’s 50-day moving average is $27.09 and its 200-day moving average is $28.04. The company has a market cap of $1.6 million and a P/E ratio of 14.27.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($1.21) earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. On average, analysts predict that Tetra Tech will post $1.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Friday, August 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, August 13th.

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.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.