Tetra Tech, Inc. (NASDAQ:TTEK) – Research analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for Tetra Tech in a note issued to investors on Monday. KeyCorp analyst S. Eastman expects that the industrial products company will earn $0.54 per share for the quarter. KeyCorp also issued estimates for Tetra Tech’s Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.59 EPS and Q4 2018 earnings at $0.67 EPS.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.01. Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The company had revenue of $498.47 million during the quarter, compared to the consensus estimate of $535.18 million. During the same period in the previous year, the business earned $0.50 earnings per share. Tetra Tech’s revenue was up .0% on a year-over-year basis.

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Several other research firms have also commented on TTEK. Stifel Nicolaus restated a “hold” rating and issued a $50.00 price objective on shares of Tetra Tech in a research note on Friday, July 7th. Zacks Investment Research upgraded Tetra Tech from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Tuesday, July 4th. Canaccord Genuity reiterated a “buy” rating on shares of Tetra Tech in a research note on Friday. BidaskClub lowered Tetra Tech from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, Roth Capital set a $52.00 price target on Tetra Tech and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $49.75.

Tetra Tech (NASDAQ:TTEK) traded down 0.47% during trading on Tuesday, hitting $42.10. The stock had a trading volume of 50,551 shares. Tetra Tech has a 52-week low of $32.63 and a 52-week high of $48.35. The company has a 50-day moving average price of $46.27 and a 200-day moving average price of $43.57. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 22.22 and a beta of 1.03.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.95%. Tetra Tech’s payout ratio is presently 20.30%.

In other Tetra Tech news, insider Leslie L. Shoemaker sold 16,750 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $46.04, for a total value of $771,170.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.00% of the company’s stock.

A number of large investors have recently modified their holdings of TTEK. KAMES CAPITAL plc raised its stake in shares of Tetra Tech by 1,862.0% in the first quarter. KAMES CAPITAL plc now owns 1,049,075 shares of the industrial products company’s stock worth $42,855,000 after buying an additional 995,604 shares during the last quarter. Dubuque Bank & Trust Co. raised its stake in shares of Tetra Tech by 54.2% in the first quarter. Dubuque Bank & Trust Co. now owns 15,621 shares of the industrial products company’s stock worth $638,000 after buying an additional 5,491 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of Tetra Tech by 4.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 18,315 shares of the industrial products company’s stock worth $748,000 after buying an additional 720 shares during the last quarter. Candriam Luxembourg S.C.A. raised its stake in shares of Tetra Tech by 21.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 128,000 shares of the industrial products company’s stock worth $5,229,000 after buying an additional 23,000 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Tetra Tech by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 6,330 shares of the industrial products company’s stock worth $258,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 84.96% of the company’s stock.

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.

Earnings History and Estimates for Tetra Tech (NASDAQ:TTEK)

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