Analysts predict that TETRA Technologies, Inc. (NYSE:TTI) will report ($0.02) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for TETRA Technologies’ earnings, with estimates ranging from ($0.05) to $0.01. TETRA Technologies posted earnings of ($0.16) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 87.5%. The business is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, February 28th.
According to Zacks, analysts expect that TETRA Technologies will report full year earnings of ($0.12) per share for the current year, with EPS estimates ranging from ($0.15) to ($0.09). For the next financial year, analysts expect that the firm will post earnings of $0.04 per share, with EPS estimates ranging from ($0.05) to $0.10. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow TETRA Technologies.
TETRA Technologies (NYSE:TTI) last released its earnings results on Wednesday, February 28th. The oil and gas company reported ($0.04) 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 analyst estimates of $211.40 million. TETRA Technologies had a negative net margin of 5.47% and a negative return on equity of 6.89%. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.16) earnings per share.
TETRA Technologies (NYSE TTI) traded down $0.01 during trading on Friday, reaching $3.73. The company had a trading volume of 414,607 shares, compared to its average volume of 854,240. The firm has a market capitalization of $464.71, a price-to-earnings ratio of -8.57, a P/E/G ratio of 3.82 and a beta of 0.77. TETRA Technologies has a 52-week low of $1.85 and a 52-week high of $4.60. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.24 and a quick ratio of 1.38.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TTI. JPMorgan Chase & Co. lifted its holdings in shares of TETRA Technologies by 3,012.3% in the second quarter. JPMorgan Chase & Co. now owns 46,187 shares of the oil and gas company’s stock valued at $129,000 after purchasing an additional 44,703 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of TETRA Technologies by 16.1% in the second quarter. Alliancebernstein L.P. now owns 144,573 shares of the oil and gas company’s stock valued at $403,000 after purchasing an additional 20,000 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of TETRA Technologies by 19.0% in the second quarter. Teachers Advisors LLC now owns 309,023 shares of the oil and gas company’s stock valued at $862,000 after purchasing an additional 49,231 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of TETRA Technologies by 8.8% in the second quarter. TIAA CREF Investment Management LLC now owns 794,841 shares of the oil and gas company’s stock valued at $2,218,000 after purchasing an additional 64,451 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of TETRA Technologies by 26.7% in the second quarter. UBS Asset Management Americas Inc. now owns 74,549 shares of the oil and gas company’s stock valued at $208,000 after purchasing an additional 15,700 shares in the last quarter. 88.97% of the stock is owned by institutional investors and hedge funds.
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About TETRA Technologies
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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