Analysts expect that Tetra Tech, Inc. (NASDAQ:TTEK) will report $0.64 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Tetra Tech’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.66. Tetra Tech reported earnings of $0.53 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 20.8%. The firm is expected to announce its next quarterly earnings results on Wednesday, August 1st.
According to Zacks, analysts expect that Tetra Tech will report full year earnings of $2.59 per share for the current fiscal year, with EPS estimates ranging from $2.56 to $2.61. For the next financial year, analysts forecast that the business will report earnings of $2.84 per share, with EPS estimates ranging from $2.81 to $2.90. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Tetra Tech.
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Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, May 2nd. The industrial products company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. The business had revenue of $532.79 million for the quarter, compared to analyst estimates of $509.14 million. Tetra Tech had a net margin of 4.83% and a return on equity of 14.38%. Tetra Tech’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 earnings per share.
Several research analysts have recently issued reports on TTEK shares. BidaskClub upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Friday, May 11th. Zacks Investment Research downgraded shares of Tetra Tech from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Stifel Nicolaus upped their target price on shares of Tetra Tech from $52.00 to $53.00 and gave the stock a “hold” rating in a research note on Monday, April 2nd. Boenning Scattergood reiterated a “buy” rating and issued a $65.00 target price on shares of Tetra Tech in a research note on Thursday, March 15th. Finally, ValuEngine upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Tuesday, May 8th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $57.83.
Shares of NASDAQ TTEK traded down $0.15 during midday trading on Friday, hitting $57.90. The stock had a trading volume of 328,328 shares, compared to its average volume of 225,987. The company has a market cap of $3.23 billion, a PE ratio of 27.18, a P/E/G ratio of 1.68 and a beta of 1.02. Tetra Tech has a 52 week low of $39.95 and a 52 week high of $58.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.05 and a current ratio of 2.05.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Wednesday, May 16th were given a dividend of $0.12 per share. This is an increase from Tetra Tech’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, May 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.83%. Tetra Tech’s dividend payout ratio is 22.54%.
A number of institutional investors have recently modified their holdings of TTEK. Schwab Charles Investment Management Inc. lifted its position in Tetra Tech by 4.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 417,445 shares of the industrial products company’s stock valued at $20,100,000 after purchasing an additional 19,615 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Tetra Tech by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,054 shares of the industrial products company’s stock valued at $147,000 after purchasing an additional 1,019 shares during the period. Aperio Group LLC lifted its position in Tetra Tech by 7.8% during the fourth quarter. Aperio Group LLC now owns 28,017 shares of the industrial products company’s stock valued at $1,349,000 after purchasing an additional 2,039 shares during the period. Teacher Retirement System of Texas lifted its position in Tetra Tech by 314.5% during the fourth quarter. Teacher Retirement System of Texas now owns 19,507 shares of the industrial products company’s stock valued at $939,000 after purchasing an additional 14,801 shares during the period. Finally, First Trust Advisors LP lifted its position in Tetra Tech by 28.7% during the fourth quarter. First Trust Advisors LP now owns 252,607 shares of the industrial products company’s stock valued at $12,163,000 after purchasing an additional 56,364 shares during the period. Institutional investors own 85.01% of the company’s stock.
About Tetra Tech
Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through two segments, Water, Environment and Infrastructure (WEI); and Resource Management and Energy (RME). The WEI segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.
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