Wall Street analysts forecast that Tetra Tech, Inc. (NASDAQ:TTEK) will post $518.45 million in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Tetra Tech’s earnings, with the lowest sales estimate coming in at $510.00 million and the highest estimate coming in at $546.78 million. Tetra Tech reported sales of $530.85 million in the same quarter last year, which would suggest a negative year over year growth rate of 2.3%. The business is expected to report its next earnings report on Wednesday, November 8th.

According to Zacks, analysts expect that Tetra Tech will report full-year sales of $518.45 million for the current financial year, with estimates ranging from $2.01 billion to $2.05 billion. For the next financial year, analysts expect that the business will post sales of $2.10 billion per share, with estimates ranging from $2.08 billion to $2.17 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Tetra Tech.

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

Several research firms recently issued reports on TTEK. Roth Capital set a $52.00 price objective on shares of Tetra Tech and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Boenning Scattergood restated an “outperform” rating on shares of Tetra Tech in a research report on Tuesday, September 5th. Robert W. Baird restated a “hold” rating and set a $47.00 price objective on shares of Tetra Tech in a research report on Tuesday, September 5th. Stifel Nicolaus restated a “hold” rating and set a $47.00 price objective on shares of Tetra Tech in a research report on Thursday. Finally, BidaskClub cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Tetra Tech presently has a consensus rating of “Hold” and a consensus target price of $49.50.

Tetra Tech (TTEK) opened at 43.50 on Friday. The company’s 50-day moving average is $43.04 and its 200 day moving average is $43.47. The company has a market capitalization of $2.46 billion, a P/E ratio of 22.05 and a beta of 1.05. Tetra Tech has a one year low of $34.07 and a one year high of $48.35.

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

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Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of Tetra Tech by 12,066.6% during the first quarter. BlackRock Inc. now owns 8,135,829 shares of the industrial products company’s stock valued at $332,349,000 after acquiring an additional 8,068,959 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Tetra Tech by 0.5% during the second quarter. Vanguard Group Inc. now owns 5,236,842 shares of the industrial products company’s stock valued at $239,585,000 after acquiring an additional 23,972 shares during the last quarter. State Street Corp increased its position in shares of Tetra Tech by 5.2% during the second quarter. State Street Corp now owns 1,502,537 shares of the industrial products company’s stock valued at $68,741,000 after acquiring an additional 74,476 shares during the last quarter. RidgeWorth Capital Management LLC increased its position in shares of Tetra Tech by 32.5% during the first quarter. RidgeWorth Capital Management LLC now owns 1,398,176 shares of the industrial products company’s stock valued at $57,115,000 after acquiring an additional 343,222 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its position in shares of Tetra Tech by 12.0% during the second quarter. Rice Hall James & Associates LLC now owns 1,256,181 shares of the industrial products company’s stock valued at $57,470,000 after acquiring an additional 134,770 shares during the last quarter. Institutional investors and hedge funds own 84.78% 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.

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

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