Tetra Tech Receives Consensus Rating of “Hold” from Brokerages (NASDAQ:TTEK)
Tetra Tech (NASDAQ:TTEK) has been given a consensus recommendation of “Hold” by the ten analysts that are currently covering the stock, Analyst Ratings Network reports. Six equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $29.22.
TTEK has been the subject of a number of recent research reports. Analysts at Wedbush cut their price target on shares of Tetra Tech from $29.00 to $27.00 in a research note on Tuesday, August 5th. 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, August 4th. 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, August 4th. They now have a “neutral” rating on the stock.
In other Tetra Tech news, SVP Richard A. Lemmon sold 3,301 shares of Tetra Tech stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $25.23, for a total value of $83,284.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Tetra Tech (NASDAQ:TTEK) opened at 25.35 on Thursday. Tetra Tech has a 52-week low of $22.22 and a 52-week high of $30.92. The stock has a 50-day moving average of $26.60 and a 200-day moving average of $27.75. The company has a market cap of $1.629 billion and a price-to-earnings ratio of 14.90.
Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($1.21) earnings per share. Tetra Tech’s revenue was down 3.4% compared to the same quarter last year. On average, analysts predict that Tetra Tech will post $1.67 earnings per share 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 1.10%. The ex-dividend date of this dividend 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.
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