Brokerages expect TETRA Technologies, Inc. (NYSE:TTI) to announce $254.73 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for TETRA Technologies’ earnings, with the highest sales estimate coming in at $262.66 million and the lowest estimate coming in at $245.50 million. TETRA Technologies reported sales of $199.38 million in the same quarter last year, which indicates a positive year over year growth rate of 27.8%. The company is expected to issue its next earnings report on Tuesday, May 14th.
According to Zacks, analysts expect that TETRA Technologies will report full year sales of $1.09 billion for the current financial year, with estimates ranging from $1.06 billion to $1.12 billion. For the next year, analysts forecast that the business will report sales of $1.17 billion, with estimates ranging from $1.10 billion to $1.20 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow TETRA Technologies.
TETRA Technologies (NYSE:TTI) last issued its quarterly earnings data on Thursday, February 28th. The oil and gas company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The business had revenue of $282.47 million for the quarter, compared to analysts’ expectations of $262.53 million. TETRA Technologies had a negative net margin of 6.44% and a negative return on equity of 2.20%.
Shares of NYSE TTI traded down $0.01 during midday trading on Friday, reaching $2.44. 288,728 shares of the stock were exchanged, compared to its average volume of 716,168. The stock has a market capitalization of $306.53 million, a price-to-earnings ratio of -48.80 and a beta of 1.59. TETRA Technologies has a twelve month low of $1.29 and a twelve month high of $5.11. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.00 and a quick ratio of 1.28.
A number of institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC grew its stake in TETRA Technologies by 1.7% in the 3rd quarter. Teachers Advisors LLC now owns 412,453 shares of the oil and gas company’s stock valued at $1,860,000 after acquiring an additional 7,061 shares during the period. Arizona State Retirement System lifted its holdings in TETRA Technologies by 6.2% in the 4th quarter. Arizona State Retirement System now owns 193,592 shares of the oil and gas company’s stock valued at $325,000 after purchasing an additional 11,278 shares in the last quarter. Legal & General Group Plc lifted its holdings in TETRA Technologies by 7.2% in the 3rd quarter. Legal & General Group Plc now owns 266,670 shares of the oil and gas company’s stock valued at $1,197,000 after purchasing an additional 17,997 shares in the last quarter. Amalgamated Bank purchased a new position in TETRA Technologies in the 4th quarter valued at $32,000. Finally, Wealthsource Partners LLC purchased a new position in TETRA Technologies in the 4th quarter valued at $34,000. 83.21% of the stock is currently owned by hedge funds and other institutional investors.
TETRA Technologies Company Profile
TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. The company's Completion Fluids segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.
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