Tetra Tech, Inc. (TTEK) has been initiated today with coverage from the research analysts at Oppenheimer. Oppenheimer begins this new coverage of TTEK with an initial price target set at $30 dollars and provided an “outperform” rating for TTEK.
Tetra Tech is slated to release their next earnings report on July 28th, 2011 and is estimated to post EPS of 35 cents. Their last earnings report was released on Math 4th, 2011 and announced EPS of 28 cents with revenue totaling 430.3 million which was up 32.0 % year to year. TTEK is currently trading between its 50 & 200-day moving averages and 2011 is currently a down year for the company.
Tetra Tech, Inc. is a provider of consulting, engineering, program management, construction management and technical services focusing on resource management, infrastructure and the environment. They conduct business in the industrials sector, particularly the commercial services & supplies industry. The company has market capitalization of $1,498,000,000 and 62,295,000 shares outstanding. TTEK has a 52-week high of $27.16 with the low being $18 dollars.