Media headlines about Tetra Tech (NASDAQ:TTEK) have trended positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Tetra Tech earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 45.4414221866454 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Analyzing Tetra Tech (TTEK) and Perma-Fix Environmental Services (PESI) (americanbankingnews.com)
- Financial Comparison: Tetra Tech (TTEK) and The Competition (americanbankingnews.com)
- Tetra Tech, Inc. (TTEK) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- Zacks: Brokerages Expect Tetra Tech, Inc. (TTEK) Will Post Earnings of $0.51 Per Share (americanbankingnews.com)
- Reviewing Energy Recovery (ERII) & Tetra Tech (TTEK) (americanbankingnews.com)
TTEK has been the subject of several analyst reports. BidaskClub cut Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. ValuEngine cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Zacks Investment Research cut Tetra Tech from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Canaccord Genuity reissued a “buy” rating and issued a $60.00 price objective on shares of Tetra Tech in a report on Thursday, February 1st. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $65.00 price target on shares of Tetra Tech in a report on Thursday, March 15th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Tetra Tech currently has an average rating of “Buy” and a consensus price target of $56.14.
Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.12. The company had revenue of $544.85 million during the quarter, compared to analysts’ expectations of $510.22 million. Tetra Tech had a return on equity of 14.26% and a net margin of 4.83%. Tetra Tech’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. analysts forecast that Tetra Tech will post 2.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Wednesday, February 14th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.82%. Tetra Tech’s payout ratio is 16.74%.
In related news, SVP Richard A. Lemmon sold 15,089 shares of the company’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $51.09, for a total value of $770,897.01. Following the completion of the transaction, the senior vice president now owns 51,785 shares of the company’s stock, valued at approximately $2,645,695.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William R. Brownlie sold 12,713 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $50.36, for a total value of $640,226.68. The disclosure for this sale can be found here. Insiders sold a total of 164,331 shares of company stock valued at $8,343,340 in the last ninety days. 3.40% of the stock is currently owned by insiders.
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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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