Tetra Tech, Inc. (NASDAQ:TTEK) Expected to Announce Earnings of $0.81 Per Share

Wall Street analysts expect that Tetra Tech, Inc. (NASDAQ:TTEK) will announce earnings per share (EPS) of $0.81 for the current quarter, according to Zacks. Four analysts have issued estimates for Tetra Tech’s earnings. The highest EPS estimate is $0.85 and the lowest is $0.78. Tetra Tech posted earnings of $0.71 per share during the same quarter last year, which would suggest a positive year over year growth rate of 14.1%. The company is expected to announce its next quarterly earnings results on Wednesday, August 7th.

On average, analysts expect that Tetra Tech will report full-year earnings of $3.05 per share for the current year, with EPS estimates ranging from $3.02 to $3.13. For the next financial year, analysts expect that the company will post earnings of $3.33 per share, with EPS estimates ranging from $3.21 to $3.50. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Tetra Tech.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.64 by $0.06. Tetra Tech had a net margin of 5.44% and a return on equity of 16.71%. The business had revenue of $585.40 million during the quarter, compared to analysts’ expectations of $552.65 million. During the same period in the previous year, the business posted $0.54 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year.

Several analysts have commented on TTEK shares. Roth Capital lifted their price objective on shares of Tetra Tech from $66.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Zacks Investment Research upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Friday, May 3rd. Boenning Scattergood reaffirmed a “buy” rating and set a $80.00 target price on shares of Tetra Tech in a report on Thursday, May 2nd. Maxim Group reaffirmed a “buy” rating and set a $87.00 target price on shares of Tetra Tech in a report on Wednesday, April 24th. Finally, Sidoti initiated coverage on shares of Tetra Tech in a report on Tuesday, April 9th. They set a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $76.83.

In other news, CEO Dan L. Batrack sold 95,109 shares of Tetra Tech stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $72.49, for a total transaction of $6,894,451.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Craig L. Christensen sold 624 shares of Tetra Tech stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $65.00, for a total transaction of $40,560.00. Following the transaction, the senior vice president now directly owns 34,317 shares of the company’s stock, valued at $2,230,605. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,549 shares of company stock valued at $9,124,363. Insiders own 3.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP increased its holdings in Tetra Tech by 48.6% in the 4th quarter. Two Sigma Advisers LP now owns 63,775 shares of the industrial products company’s stock worth $3,302,000 after acquiring an additional 20,868 shares in the last quarter. Mondrian Investment Partners LTD grew its holdings in shares of Tetra Tech by 7.0% during the first quarter. Mondrian Investment Partners LTD now owns 73,445 shares of the industrial products company’s stock worth $4,377,000 after buying an additional 4,823 shares in the last quarter. Squarepoint Ops LLC grew its holdings in shares of Tetra Tech by 256.8% during the fourth quarter. Squarepoint Ops LLC now owns 61,219 shares of the industrial products company’s stock worth $3,169,000 after buying an additional 44,059 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Tetra Tech by 5.2% during the fourth quarter. Nordea Investment Management AB now owns 70,204 shares of the industrial products company’s stock worth $3,634,000 after buying an additional 3,447 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in shares of Tetra Tech by 117.8% during the fourth quarter. Citigroup Inc. now owns 76,106 shares of the industrial products company’s stock worth $3,940,000 after buying an additional 41,170 shares in the last quarter. 85.48% of the stock is owned by institutional investors.

Shares of NASDAQ TTEK opened at $78.55 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.60 and a current ratio of 1.60. Tetra Tech has a 12 month low of $48.52 and a 12 month high of $78.90. The company’s 50 day simple moving average is $70.35. The firm has a market cap of $4.12 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08.

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.76%. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, May 14th. Tetra Tech’s payout ratio is 22.73%.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.

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

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