Brokerages Anticipate Tetra Tech, Inc. (TTEK) Will Announce Earnings of $0.51 Per Share

Equities analysts predict that Tetra Tech, Inc. (NASDAQ:TTEK) will announce earnings per share (EPS) of $0.51 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Tetra Tech’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.52. Tetra Tech reported earnings per share of $0.48 in the same quarter last year, which would indicate a positive year over year growth rate of 6.3%. The business is expected to report its next earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that Tetra Tech will report full-year earnings of $2.50 per share for the current year, with EPS estimates ranging from $2.50 to $2.51. For the next fiscal year, analysts anticipate that the company will report earnings of $2.77 per share, with EPS estimates ranging from $2.72 to $2.85. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Tetra Tech.

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Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.12. Tetra Tech had a net margin of 4.83% and a return on equity of 14.26%. The company had revenue of $544.85 million for the quarter, compared to analysts’ expectations of $510.22 million. During the same period last year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year.

Several equities research analysts have issued reports on TTEK shares. BidaskClub cut shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 9th. ValuEngine cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Zacks Investment Research raised shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Friday, February 2nd. Canaccord Genuity reaffirmed a “buy” rating and set a $60.00 price target on shares of Tetra Tech in a research note on Thursday, February 1st. Finally, Boenning Scattergood reaffirmed a “buy” rating and set a $65.00 price target on shares of Tetra Tech in a research note on Thursday, March 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $56.14.

In other news, SVP Mark A. Rynning sold 660 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $50.44, for a total transaction of $33,290.40. Following the transaction, the senior vice president now directly owns 3,358 shares in the company, valued at approximately $169,377.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Dan L. Batrack sold 68,270 shares of the stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $51.62, for a total transaction of $3,524,097.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 164,331 shares of company stock worth $8,343,340. Insiders own 3.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Tetra Tech by 50.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,054 shares of the industrial products company’s stock valued at $147,000 after buying an additional 1,019 shares during the period. Louisiana State Employees Retirement System raised its holdings in Tetra Tech by 4.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 24,000 shares of the industrial products company’s stock valued at $1,156,000 after buying an additional 1,100 shares during the period. Flinton Capital Management LLC raised its holdings in Tetra Tech by 18.8% in the fourth quarter. Flinton Capital Management LLC now owns 7,514 shares of the industrial products company’s stock valued at $362,000 after buying an additional 1,190 shares during the period. First Republic Investment Management Inc. raised its holdings in Tetra Tech by 14.8% in the third quarter. First Republic Investment Management Inc. now owns 9,885 shares of the industrial products company’s stock valued at $460,000 after buying an additional 1,272 shares during the period. Finally, Advisor Group Inc. raised its holdings in Tetra Tech by 27.6% in the fourth quarter. Advisor Group Inc. now owns 5,952 shares of the industrial products company’s stock valued at $286,000 after buying an additional 1,286 shares during the period. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Shares of Tetra Tech (NASDAQ:TTEK) opened at $48.75 on Friday. Tetra Tech has a 12 month low of $39.00 and a 12 month high of $53.40. The stock has a market cap of $2,708.77, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.45 and a beta of 1.00. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.46.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.82%. Tetra Tech’s payout ratio is currently 16.74%.

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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.

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Earnings History and Estimates for Tetra Tech (NASDAQ:TTEK)

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