Brokerages expect that Tetra Tech, Inc. (NASDAQ:TTEK) will post sales of $511.94 million for the current quarter, according to Zacks. Five analysts have issued estimates for Tetra Tech’s earnings. The highest sales estimate is $519.40 million and the lowest is $504.24 million. Tetra Tech reported sales of $489.55 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.6%. The company is expected to announce its next earnings results on Wednesday, February 7th.

On average, analysts expect that Tetra Tech will report full-year sales of $511.94 million for the current financial year, with estimates ranging from $2.09 billion to $2.13 billion. For the next year, analysts forecast that the business will report sales of $2.21 billion per share, with estimates ranging from $2.19 billion to $2.25 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Tetra Tech.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Tetra Tech had a return on equity of 13.60% and a net margin of 4.28%. The company had revenue of $533.00 million for the quarter, compared to analysts’ expectations of $517.90 million. During the same period last year, the business earned $0.59 EPS. Tetra Tech’s quarterly revenue was up .4% compared to the same quarter last year.

A number of equities analysts recently issued reports on the company. Boenning Scattergood reiterated an “outperform” rating on shares of Tetra Tech in a report on Tuesday, September 5th. Roth Capital set a $52.00 price target on Tetra Tech and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Robert W. Baird reissued a “hold” rating and issued a $47.00 price target on shares of Tetra Tech in a research report on Tuesday, September 5th. BidaskClub lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $47.00 price target on shares of Tetra Tech in a research report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $52.29.

In related news, insider Ronald J. Chu sold 696 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $50.00, for a total value of $34,800.00. Following the completion of the sale, the insider now directly owns 37,800 shares of the company’s stock, valued at approximately $1,890,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ronald J. Chu sold 42,395 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $50.00, for a total value of $2,119,750.00. Following the completion of the sale, the executive vice president now directly owns 58,624 shares of the company’s stock, valued at $2,931,200. The disclosure for this sale can be found here. Insiders sold a total of 58,731 shares of company stock valued at $2,935,992 over the last three months. 3.80% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the company. Advisor Group Inc. increased its position in shares of Tetra Tech by 194.9% during the 2nd quarter. Advisor Group Inc. now owns 3,279 shares of the industrial products company’s stock valued at $150,000 after purchasing an additional 2,167 shares during the last quarter. Strs Ohio increased its position in shares of Tetra Tech by 45.2% during the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 1,400 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new stake in shares of Tetra Tech during the 2nd quarter valued at $206,000. Teacher Retirement System of Texas purchased a new stake in shares of Tetra Tech during the 2nd quarter valued at $210,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of Tetra Tech during the 2nd quarter valued at $217,000. 85.84% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech (NASDAQ TTEK) opened at $50.70 on Friday. Tetra Tech has a twelve month low of $38.85 and a twelve month high of $50.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.94 and a quick ratio of 1.97. The stock has a market capitalization of $2,766.63, a price-to-earnings ratio of 23.31, a P/E/G ratio of 1.59 and a beta of 1.08.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Wednesday, November 29th. Tetra Tech’s payout ratio is currently 19.61%.

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About Tetra Tech

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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