Brokerages predict that Tetra Technologies, Inc. (NYSE:TTI) will post earnings of ($0.01) per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Tetra Technologies’ earnings. The lowest EPS estimate is ($0.05) and the highest is $0.04. Tetra Technologies posted earnings of ($0.15) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 93.3%. The business is expected to issue its next quarterly earnings report before the market opens on Wednesday, August 9th.

According to Zacks, analysts expect that Tetra Technologies will report full-year earnings of ($0.20) per share for the current year, with EPS estimates ranging from ($0.33) to ($0.10). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.02) per share, with EPS estimates ranging from ($0.25) to $0.19. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Tetra Technologies.

Tetra Technologies (NYSE:TTI) last issued its quarterly earnings data on Wednesday, May 10th. The oil and gas company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02. Tetra Technologies had a negative return on equity of 11.46% and a negative net margin of 10.90%. The business had revenue of $168 million for the quarter, compared to analysts’ expectations of $168.64 million. During the same period last year, the business earned ($0.16) EPS. The business’s revenue was down .8% on a year-over-year basis.

Several equities research analysts have commented on the company. Royal Bank Of Canada reissued a “hold” rating and issued a $3.25 target price on shares of Tetra Technologies in a report on Thursday. Zacks Investment Research downgraded Tetra Technologies from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Credit Suisse Group raised Tetra Technologies from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $5.00 to $5.50 in a report on Tuesday, April 11th. Simmons boosted their target price on Tetra Technologies from $4.80 to $7.00 and gave the stock an “overweight” rating in a report on Tuesday, April 11th. Finally, Morgan Stanley dropped their target price on Tetra Technologies from $5.50 to $4.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $5.90.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan increased its position in shares of Tetra Technologies by 23.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 26,270 shares of the oil and gas company’s stock worth $107,000 after buying an additional 5,030 shares during the last quarter. Mason Street Advisors LLC increased its position in shares of Tetra Technologies by 7.8% in the first quarter. Mason Street Advisors LLC now owns 27,039 shares of the oil and gas company’s stock worth $110,000 after buying an additional 1,961 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Tetra Technologies during the first quarter worth about $121,000. Gotham Asset Management LLC acquired a new position in shares of Tetra Technologies during the first quarter worth about $128,000. Finally, Princeton Alpha Management LP acquired a new position in shares of Tetra Technologies during the first quarter worth about $144,000. 93.23% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Technologies (TTI) opened at 2.82 on Monday. Tetra Technologies has a 52 week low of $2.49 and a 52 week high of $6.77. The company’s market capitalization is $326.98 million. The firm’s 50-day moving average price is $2.92 and its 200 day moving average price is $3.80.

Tetra Technologies Company Profile

TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.

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Earnings History and Estimates for Tetra Technologies (NYSE:TTI)

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