Tetra Tech, Inc. (NASDAQ:TTEK) – Research analysts at Oppenheimer Holdings issued their Q1 2018 earnings per share estimates for Tetra Tech in a report released on Thursday. Oppenheimer Holdings analyst J. Giannakouros expects that the industrial products company will post earnings of $0.53 per share for the quarter. Oppenheimer Holdings also issued estimates for Tetra Tech’s Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.70 EPS and FY2019 earnings at $2.60 EPS.
Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $533.00 million during the quarter, compared to the consensus estimate of $517.90 million. Tetra Tech had a net margin of 4.28% and a return on equity of 13.60%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share.
Other research analysts have also recently issued reports about the stock. Boenning Scattergood restated an “outperform” rating on shares of Tetra Tech in a report on Tuesday, September 5th. Roth Capital set a $52.00 price target on shares of Tetra Tech and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Robert W. Baird restated a “hold” rating and set a $47.00 price target on shares of Tetra Tech in a report on Tuesday, September 5th. BidaskClub cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Stifel Nicolaus restated a “hold” rating and set a $47.00 price target on shares of Tetra Tech in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $52.29.
Tetra Tech (NASDAQ TTEK) traded down $1.15 during trading on Monday, reaching $48.05. 292,300 shares of the company traded hands, compared to its average volume of 347,437. Tetra Tech has a 1-year low of $38.85 and a 1-year high of $50.15. The stock has a market capitalization of $2,748.95, a PE ratio of 23.10, a PEG ratio of 1.57 and a beta of 1.08. The company has a current ratio of 1.94, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Wednesday, November 29th. Tetra Tech’s payout ratio is 19.61%.
In other Tetra Tech news, insider Ronald J. Chu sold 696 shares of the business’s 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 transaction, the insider now directly owns 37,800 shares in the company, valued at $1,890,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ronald J. Chu sold 14,112 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $50.00, for a total transaction of $705,600.00. Following the completion of the transaction, the insider now owns 51,216 shares in the company, valued at $2,560,800. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,203 shares of company stock worth $2,860,150. Corporate insiders own 4.00% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTEK. Koch Industries Inc. purchased a new position in Tetra Tech in the second quarter valued at about $506,000. Premier Asset Management LLC purchased a new position in Tetra Tech in the second quarter valued at about $7,249,000. Allianz Asset Management GmbH boosted its stake in Tetra Tech by 35.5% in the third quarter. Allianz Asset Management GmbH now owns 582,449 shares of the industrial products company’s stock valued at $27,113,000 after acquiring an additional 152,695 shares during the last quarter. PDT Partners LLC bought a new stake in shares of Tetra Tech in the second quarter valued at approximately $6,519,000. Finally, Janus Henderson Group PLC raised its position in shares of Tetra Tech by 270.8% in the second quarter. Janus Henderson Group PLC now owns 193,166 shares of the industrial products company’s stock valued at $8,833,000 after purchasing an additional 141,066 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.
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.
Receive News & Ratings for Tetra Tech Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Tech Inc. and related companies with MarketBeat.com's FREE daily email newsletter.