Tetra Tech, Inc. (NASDAQ:TTEK) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.61 per share for the quarter.
Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The firm had revenue of $498.47 million for the quarter, compared to analysts’ expectations of $535.18 million. Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. Tetra Tech’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 earnings per share. On average, analysts expect Tetra Tech to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Tetra Tech, Inc. (TTEK) opened at $48.60 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.34. The stock has a market cap of $2,748.38, a P/E ratio of 23.25, a PEG ratio of 1.54 and a beta of 1.08. Tetra Tech, Inc. has a 52-week low of $36.96 and a 52-week high of $50.00.
In related news, insider Ronald J. Chu sold 696 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $50.00, for a total transaction of $34,800.00. Following the transaction, the insider now owns 37,800 shares of the company’s stock, valued at $1,890,000. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ronald J. Chu sold 14,112 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $50.00, for a total transaction of $705,600.00. Following the transaction, the insider now directly owns 51,216 shares in the company, valued at approximately $2,560,800. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.
TTEK has been the subject of a number of research analyst reports. 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. Zacks Investment Research raised shares of Tetra Tech from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. Canaccord Genuity reissued a “buy” rating and issued a $52.00 price target on shares of Tetra Tech in a research report on Friday, August 4th. 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. Finally, Boenning Scattergood reissued an “outperform” rating on shares of Tetra Tech in a research report on Tuesday, September 5th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $48.86.
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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