Equities research analysts expect TETRA Technologies, Inc. (NYSE:TTI) to post earnings of ($0.08) per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for TETRA Technologies’ earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.12). TETRA Technologies reported earnings per share of ($0.10) in the same quarter last year, which suggests a positive year over year growth rate of 20%. The company is scheduled to report its next earnings results on Wednesday, May 9th.
According to Zacks, analysts expect that TETRA Technologies will report full-year earnings of $0.02 per share for the current fiscal year, with EPS estimates ranging from ($0.15) to $0.14. For the next year, analysts anticipate that the company will report earnings of $0.17 per share, with EPS estimates ranging from $0.00 to $0.26. Zacks’ EPS averages are an average based on a survey of research analysts that follow TETRA Technologies.
TETRA Technologies (NYSE:TTI) last announced its quarterly earnings results on Wednesday, February 28th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). The business had revenue of $227.60 million during the quarter, compared to the consensus estimate of $211.40 million. TETRA Technologies had a negative net margin of 4.76% and a negative return on equity of 4.20%. The company’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.16) EPS.
Shares of TETRA Technologies (TTI) traded up $0.07 during trading on Wednesday, reaching $4.00. 957,162 shares of the company’s stock traded hands, compared to its average volume of 1,000,000. The company has a market cap of $463.55, a price-to-earnings ratio of 30.77, a PEG ratio of 6.49 and a beta of 0.79. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.95 and a quick ratio of 1.26. TETRA Technologies has a 12-month low of $1.85 and a 12-month high of $4.54.
Several institutional investors and hedge funds have recently bought and sold shares of TTI. Millennium Management LLC grew its holdings in shares of TETRA Technologies by 303.6% in the 4th quarter. Millennium Management LLC now owns 4,161,247 shares of the oil and gas company’s stock worth $17,769,000 after purchasing an additional 3,130,315 shares during the last quarter. Huber Capital Management LLC bought a new stake in shares of TETRA Technologies in the 4th quarter worth about $5,439,000. Formula Growth Ltd. grew its holdings in shares of TETRA Technologies by 24.6% in 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 purchasing an additional 925,655 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of TETRA Technologies by 18.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,913,699 shares of the oil and gas company’s stock worth $13,709,000 after purchasing an additional 774,482 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of TETRA Technologies by 3,240.3% in the 4th quarter. Renaissance Technologies LLC now owns 788,300 shares of the oil and gas company’s stock worth $3,366,000 after purchasing an additional 764,700 shares during the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.
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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