Tetra Tech SVP Sells $215,321 in Stock (TTEK)
Tetra Tech (NASDAQ:TTEK) SVP Craig L. Christensen unloaded 8,375 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $25.71, for a total transaction of $215,321.25. Following the transaction, the senior vice president now directly owns 29,509 shares in the company, valued at approximately $758,676. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Tetra Tech (NASDAQ:TTEK) traded down 0.35% during mid-day trading on Friday, hitting $25.57. The stock had a trading volume of 393,024 shares. Tetra Tech has a 1-year low of $22.67 and a 1-year high of $30.92. The stock’s 50-day moving average is $26.29 and its 200-day moving average is $27.64. The company has a market cap of $1.643 billion and a price-to-earnings ratio of 15.09.
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. Analysts expect that Tetra Tech will post $1.65 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 1.09%. 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, 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. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $29.22.
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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