Equities analysts expect that Tetra Tech, Inc. (NASDAQ:TTEK) will report sales of $511.94 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Tetra Tech’s earnings, with the lowest sales estimate coming in at $504.24 million and the highest estimate coming in at $519.40 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 firm is scheduled to report its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Tetra Tech will report full year sales of $511.94 million for the current year, with estimates ranging from $2.09 billion to $2.13 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.21 billion per share, with estimates ranging from $2.19 billion to $2.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Tetra Tech.

Tetra Tech (NASDAQ:TTEK) last announced 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. The company had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $517.90 million. Tetra Tech had a net margin of 4.28% and a return on equity of 13.60%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 earnings per share.

A number of equities analysts have issued reports on TTEK shares. Boenning Scattergood restated an “outperform” rating on shares of Tetra Tech in a research report on Tuesday, September 5th. Stifel Nicolaus restated a “hold” rating and set a $47.00 target price on shares of Tetra Tech in a research report on Thursday, September 7th. Zacks Investment Research cut shares of Tetra Tech from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Robert W. Baird lifted their target price on shares of Tetra Tech from $47.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Finally, BidaskClub cut shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $52.29.

In other news, Chairman Dan L. Batrack sold 62,417 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $48.47, for a total value of $3,025,351.99. Following the completion of the transaction, the chairman now owns 318,994 shares of the company’s stock, valued at $15,461,639.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Roger R. Argus sold 1,138 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $49.63, for a total transaction of $56,478.94. Following the completion of the transaction, the senior vice president now directly owns 6,948 shares of the company’s stock, valued at approximately $344,829.24. The disclosure for this sale can be found here. In the last three months, insiders sold 221,145 shares of company stock valued at $10,860,261. Company insiders own 4.00% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Tetra Tech by 0.5% in 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 buying an additional 23,972 shares during the last quarter. State Street Corp increased its position in 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 worth $68,741,000 after purchasing an additional 74,476 shares during the last quarter. Northern Trust Corp increased its position in Tetra Tech by 2.2% during the second quarter. Northern Trust Corp now owns 1,075,476 shares of the industrial products company’s stock worth $49,203,000 after purchasing an additional 23,510 shares during the last quarter. Boston Partners increased its position in Tetra Tech by 2.2% during the third quarter. Boston Partners now owns 1,033,492 shares of the industrial products company’s stock worth $48,109,000 after purchasing an additional 22,718 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in Tetra Tech by 1.4% during the third quarter. Neuberger Berman Group LLC now owns 783,488 shares of the industrial products company’s stock worth $36,471,000 after purchasing an additional 10,692 shares during the last quarter. 84.78% of the stock is owned by institutional investors and hedge funds.

Tetra Tech (NASDAQ:TTEK) opened at $47.95 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.37. The stock has a market cap of $2,694.19, a PE ratio of 22.70, a price-to-earnings-growth ratio of 1.55 and a beta of 1.07. Tetra Tech has a 52-week low of $38.85 and a 52-week high of $50.90.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, November 29th. Tetra Tech’s dividend payout ratio is presently 19.61%.

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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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