Equities research analysts expect Tetra Tech, Inc. (NASDAQ:TTEK) to announce earnings per share of $0.61 for the current quarter, according to Zacks. Six analysts have made estimates for Tetra Tech’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.60. Tetra Tech reported earnings per share of $0.59 during the same quarter last year, which would suggest a positive year over year growth rate of 3.4%. The firm is expected to announce its next quarterly earnings report on Wednesday, November 8th.

On average, analysts expect that Tetra Tech will report full-year earnings of $2.11 per share for the current year, with EPS estimates ranging from $2.10 to $2.12. For the next year, analysts expect that the firm will post earnings of $2.34 per share, with EPS estimates ranging from $2.27 to $2.43. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Tetra Tech.

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

Several analysts recently commented on the stock. Boenning Scattergood restated an “outperform” rating on shares of Tetra Tech in a report on Tuesday. Robert W. Baird restated a “hold” rating and set a $47.00 price target on shares of Tetra Tech in a report on Tuesday. Stifel Nicolaus restated a “hold” rating and set a $47.00 price target on shares of Tetra Tech in a report on Thursday. Canaccord Genuity restated a “buy” rating and set a $52.00 price target on shares of Tetra Tech in a report on Friday, August 4th. Finally, Roth Capital set a $52.00 price target on shares of Tetra Tech and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $49.50.

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Several institutional investors have recently modified their holdings of TTEK. Advisor Group Inc. lifted its stake in shares of Tetra Tech by 194.9% in the second quarter. Advisor Group Inc. now owns 3,279 shares of the industrial products company’s stock worth $150,000 after buying an additional 2,167 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Tetra Tech in the 1st quarter valued at $185,000. LS Investment Advisors LLC increased its holdings in Tetra Tech by 117.6% in the 1st quarter. LS Investment Advisors LLC now owns 4,872 shares of the industrial products company’s stock valued at $199,000 after buying an additional 2,633 shares during the period. Strs Ohio increased its holdings in Tetra Tech by 45.2% in the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $205,000 after buying an additional 1,400 shares during the period. Finally, Tocqueville Asset Management L.P. bought a new stake in Tetra Tech in the 2nd quarter valued at $206,000. Institutional investors and hedge funds own 84.78% of the company’s stock.

Tetra Tech (NASDAQ:TTEK) traded up 0.173% during trading on Friday, reaching $43.325. 84,082 shares of the company’s stock were exchanged. Tetra Tech has a 52 week low of $34.07 and a 52 week high of $48.35. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 21.959 and a beta of 1.05. The company’s 50 day moving average price is $43.15 and its 200-day moving average price is $43.47.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 17th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Tuesday, August 15th. Tetra Tech’s dividend payout ratio (DPR) is presently 20.30%.

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

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