Tetra Tech, Inc. (TTEK) Set to Announce Earnings on Tuesday
Tetra Tech, Inc. (NASDAQ:TTEK) will release its earnings data after the market closes on Tuesday, November 7th. Analysts expect Tetra Tech to post earnings of $0.61 per share for the quarter. Tetra Tech has set its Q4 guidance at $0.60-0.62 EPS and its FY17 guidance at $2.10-2.12 EPS.
Tetra Tech (NASDAQ:TTEK) last released 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). The firm had revenue of $498.47 million during the quarter, compared to analyst estimates of $535.18 million. Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. Tetra Tech’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 earnings per share. On average, analysts expect Tetra Tech to post $2.11 EPS for the current fiscal year and $2.34 EPS for the next fiscal year.
Tetra Tech, Inc. (NASDAQ:TTEK) opened at 48.55 on Tuesday. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 24.61 and a beta of 1.07. Tetra Tech, Inc. has a 52-week low of $36.96 and a 52-week high of $50.00. The firm has a 50-day moving average of $46.60 and a 200-day moving average of $45.09.
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In related news, insider Ronald J. Chu sold 14,112 shares of Tetra Tech stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $50.00, for a total transaction of $705,600.00. Following the sale, the insider now directly owns 51,216 shares of the company’s stock, valued at approximately $2,560,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.00% of the company’s stock.
Several equities analysts have commented on TTEK shares. Zacks Investment Research raised shares of Tetra Tech from a “sell” rating to a “hold” rating in a report on Friday, October 6th. Canaccord Genuity reissued a “buy” rating and issued a $52.00 target price on shares of Tetra Tech in a report on Friday, August 4th. Stifel Nicolaus reissued a “hold” rating and issued a $50.00 target price on shares of Tetra Tech in a report on Friday, July 7th. Robert W. Baird reissued a “hold” rating and issued a $47.00 target price on shares of Tetra Tech in a report on Tuesday, September 5th. Finally, BidaskClub lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $48.86.
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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