Tetra Tech (TTEK) to Release Earnings on Tuesday

Tetra Tech (NASDAQ:TTEK) will be posting its quarterly earnings results after the market closes on Tuesday, January 30th. Tetra Tech has set its Q1 guidance at $00.50-$0.55 EPS and its FY18 guidance at $2.20-$2.40 EPS.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 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 firm had revenue of $533.00 million for the quarter, compared to analysts’ expectations of $517.90 million. During the same period in the prior year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts expect Tetra Tech to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Tetra Tech (TTEK) opened at $49.95 on Tuesday. Tetra Tech has a 12 month low of $38.85 and a 12 month high of $50.90. The company has a market capitalization of $2,777.77, a price-to-earnings ratio of 24.49, a PEG ratio of 1.59 and a beta of 1.08. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.37.

In other Tetra Tech news, Chairman Dan L. Batrack sold 62,417 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $48.47, for a total value of $3,025,351.99. Following 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 filing with the SEC, which can be accessed through this hyperlink. Also, insider Ronald J. Chu sold 696 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $50.00, for a total value of $34,800.00. Following the completion of the transaction, the insider now directly owns 37,800 shares in the company, valued at approximately $1,890,000. The disclosure for this sale can be found here. Insiders have sold 217,907 shares of company stock worth $10,680,310 over the last ninety days. 4.00% of the stock is currently owned by insiders.

Several research firms recently commented on TTEK. BidaskClub cut Tetra Tech from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine cut Tetra Tech from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research cut Tetra Tech from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Robert W. Baird increased their price objective on Tetra Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Finally, Boenning Scattergood reaffirmed a “buy” rating and set a $54.00 price objective on shares of Tetra Tech in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $52.29.

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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.

Earnings History for Tetra Tech (NASDAQ:TTEK)

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