Tetra Technologies, Inc. (TTI) Expected to Post Earnings of -$0.03 Per Share

Wall Street analysts expect Tetra Technologies, Inc. (NYSE:TTI) to report earnings per share (EPS) of ($0.03) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Tetra Technologies’ earnings. The lowest EPS estimate is ($0.06) and the highest is $0.01. Tetra Technologies reported earnings of ($0.16) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 81.3%. The firm is expected to report its next earnings results on Wednesday, March 7th.

On average, analysts expect that Tetra Technologies will report full year earnings of ($0.16) per share for the current financial year, with EPS estimates ranging from ($0.27) to ($0.09). For the next fiscal year, analysts forecast that the company will post earnings of ($0.03) per share, with EPS estimates ranging from ($0.10) to $0.04. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Tetra Technologies.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings results on Thursday, November 9th. The oil and gas company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.06. Tetra Technologies had a negative net margin of 5.47% and a negative return on equity of 6.89%. The business had revenue of $216.36 million for the quarter, compared to analysts’ expectations of $218.65 million. During the same period in the previous year, the company posted ($0.05) EPS. Tetra Technologies’s revenue was up 22.5% on a year-over-year basis.

A number of equities research analysts recently issued reports on TTI shares. Scotiabank set a $4.00 price objective on shares of Tetra Technologies and gave the stock a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research cut shares of Tetra Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Credit Suisse Group upped their price objective on shares of Tetra Technologies from $3.50 to $4.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. ValuEngine cut shares of Tetra Technologies from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Finally, Piper Jaffray Companies set a $4.00 price objective on shares of Tetra Technologies and gave the stock a “buy” rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $4.73.

Shares of Tetra Technologies (NYSE TTI) traded up $0.11 during trading hours on Friday, reaching $4.13. 1,792,958 shares of the company were exchanged, compared to its average volume of 1,533,570. Tetra Technologies has a 12-month low of $1.85 and a 12-month high of $5.98. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.24 and a quick ratio of 1.38.

A number of institutional investors have recently added to or reduced their stakes in the business. Algert Global LLC lifted its position in Tetra Technologies by 45.4% during the 3rd quarter. Algert Global LLC now owns 205,081 shares of the oil and gas company’s stock worth $587,000 after acquiring an additional 64,041 shares during the last quarter. Neuberger Berman Group LLC lifted its position in Tetra Technologies by 5.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 3,123,688 shares of the oil and gas company’s stock worth $8,934,000 after acquiring an additional 150,586 shares during the last quarter. California Public Employees Retirement System lifted its position in Tetra Technologies by 77.2% during the 3rd quarter. California Public Employees Retirement System now owns 319,526 shares of the oil and gas company’s stock worth $914,000 after acquiring an additional 139,226 shares during the last quarter. Formula Growth Ltd. lifted its position in Tetra Technologies by 24.6% during the 3rd quarter. Formula Growth Ltd. now owns 4,687,461 shares of the oil and gas company’s stock worth $13,406,000 after acquiring an additional 925,655 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Tetra Technologies by 10.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,013,636 shares of the oil and gas company’s stock worth $2,899,000 after acquiring an additional 96,023 shares during the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

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Tetra Technologies Company Profile

TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.

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Earnings History and Estimates for Tetra Technologies (NYSE:TTI)

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