Tetra Tech SVP Janis B. Salin Sells 13,444 Shares (TTEK)
Tetra Tech (NASDAQ:TTEK) SVP Janis B. Salin unloaded 13,444 shares of Tetra Tech stock on the open market in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $25.07, for a total transaction of $337,041.08. Following the transaction, the senior vice president now directly owns 21,869 shares of the company’s stock, valued at approximately $548,256. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Tetra Tech (NASDAQ:TTEK) traded down 0.99% on Thursday, hitting $25.01. 410,896 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 has a 50-day moving average of $26.95 and a 200-day moving average of $27.94. The company has a market cap of $1.607 billion and a P/E ratio of 14.85.
Tetra Tech (NASDAQ:TTEK) last announced its earnings results 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. Analysts expect that Tetra Tech will post $1.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, August 13th.
A number of analysts have recently weighed in on TTEK shares. Analysts at Wedbush cut their price target on shares of Tetra Tech from $29.00 to $27.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at FBR Capital Markets cut their price target on shares of Tetra Tech from $32.00 to $29.00 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Davidson cut their price target on shares of Tetra Tech from $30.00 to $27.00 in a research note on Monday. They now have a “neutral” rating on the stock. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $27.73.
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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