Tetra Tech, Inc. (TTEK) to Post Earnings on Wednesday
Tetra Tech, Inc. (NASDAQ:TTEK) will post its quarterly earnings results after the market closes on Wednesday, August 2nd. Analysts expect Tetra Tech to post earnings of $0.54 per share for the quarter. Tetra Tech has set its Q3 guidance at $0.50-0.55 EPS.
Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, May 3rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. Tetra Tech had a return on equity of 13.70% and a net margin of 4.04%. The firm had revenue of $511.95 million during the quarter, compared to the consensus estimate of $491.60 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts expect Tetra Tech to post $2.22 EPS for the current fiscal year and $2.59 EPS for the next fiscal year.
Shares of Tetra Tech, Inc. (NASDAQ TTEK) opened at 47.25 on Wednesday. The firm’s 50-day moving average price is $46.15 and its 200-day moving average price is $43.36. Tetra Tech, Inc. has a 52-week low of $32.06 and a 52-week high of $47.80. The stock has a market cap of $2.70 billion, a P/E ratio of 24.93 and a beta of 1.02.
In related news, SVP Brian N. Carter sold 3,396 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $46.20, for a total transaction of $156,895.20. Following the completion of the sale, the senior vice president now directly owns 7,243 shares in the company, valued at $334,626.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Dan L. Batrack sold 1,117 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $45.00, for a total value of $50,265.00. Following the sale, the chief executive officer now owns 214,128 shares of the company’s stock, valued at $9,635,760. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 354,464 shares of company stock valued at $16,197,699. 4.00% of the stock is owned by corporate insiders.
TTEK has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Tetra Tech from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Tuesday, July 4th. Stifel Nicolaus reiterated a “hold” rating and set a $50.00 price objective on shares of Tetra Tech in a report on Friday, July 7th. Canaccord Genuity reiterated a “buy” rating and set a $52.00 price objective on shares of Tetra Tech in a report on Wednesday, June 7th. Sidoti reiterated a “buy” rating and set a $58.00 price objective (up from $55.00) on shares of Tetra Tech in a report on Sunday, May 14th. Finally, BidaskClub lowered Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $47.89.
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Tetra Tech Company Profile
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.
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