Tetra Tech, Inc. (NASDAQ:TTEK) – KeyCorp issued their Q1 2018 EPS estimates for shares of Tetra Tech in a report released on Monday. KeyCorp analyst S. Eastman forecasts that the industrial products company will earn $0.54 per share for the quarter. KeyCorp also issued estimates for Tetra Tech’s Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.59 EPS and Q4 2018 earnings at $0.67 EPS.
Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by $0.01. Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. The company had revenue of $498.47 million during the quarter, compared to analysts’ expectations of $535.18 million. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Tetra Tech’s revenue for the quarter was up .0% compared to the same quarter last year.
A number of other equities analysts also recently weighed in on the company. Canaccord Genuity reiterated a “buy” rating on shares of Tetra Tech in a report on Friday. BidaskClub downgraded Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday. Roth Capital set a $52.00 target price on Tetra Tech and gave the company a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded Tetra Tech from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $50.00 target price on shares of Tetra Tech in a report on Friday, July 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Tetra Tech currently has an average rating of “Hold” and an average price target of $49.75.
Tetra Tech (NASDAQ TTEK) traded down 0.47% during midday trading on Tuesday, reaching $42.10. 50,551 shares of the company were exchanged. Tetra Tech has a 52-week low of $32.63 and a 52-week high of $48.35. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 22.22 and a beta of 1.03. The firm’s 50-day moving average price is $46.27 and its 200 day moving average price is $43.57.
A number of large investors have recently made changes to their positions in TTEK. GHP Investment Advisors Inc. boosted its stake in shares of Tetra Tech by 11.6% in the second quarter. GHP Investment Advisors Inc. now owns 60,180 shares of the industrial products company’s stock worth $2,753,000 after buying an additional 6,265 shares during the last quarter. Bridge City Capital LLC bought a new stake in shares of Tetra Tech during the second quarter worth about $1,517,000. American Century Companies Inc. bought a new stake in shares of Tetra Tech during the second quarter worth about $680,000. Victory Capital Management Inc. boosted its stake in shares of Tetra Tech by 17.7% in the second quarter. Victory Capital Management Inc. now owns 5,331 shares of the industrial products company’s stock worth $244,000 after buying an additional 800 shares during the last quarter. Finally, Tocqueville Asset Management L.P. bought a new stake in shares of Tetra Tech during the second quarter worth about $206,000. 84.96% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Leslie L. Shoemaker sold 16,750 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $46.04, for a total value of $771,170.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.00% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 17th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.95%. Tetra Tech’s dividend payout ratio is currently 20.30%.
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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