Wall Street analysts expect Tetra Tech, Inc. (NASDAQ:TTEK) to announce sales of $635.79 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Tetra Tech’s earnings, with the lowest sales estimate coming in at $623.90 million and the highest estimate coming in at $645.95 million. Tetra Tech reported sales of $552.74 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 15%. The company is expected to report its next quarterly earnings results on Wednesday, November 6th.
On average, analysts expect that Tetra Tech will report full-year sales of $2.39 billion for the current financial year, with estimates ranging from $2.36 billion to $2.41 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.60 billion, with estimates ranging from $2.45 billion to $2.67 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Tetra Tech.
Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. Tetra Tech had a net margin of 5.85% and a return on equity of 17.36%. The business had revenue of $623.20 million during the quarter, compared to the consensus estimate of $605.42 million. During the same quarter last year, the company earned $0.71 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year.
In other Tetra Tech news, SVP Craig L. Christensen sold 5,000 shares of Tetra Tech stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $80.43, for a total value of $402,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Richard A. Lemmon sold 3,000 shares of Tetra Tech stock in a transaction on Friday, September 6th. The stock was sold at an average price of $83.00, for a total transaction of $249,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,009 shares of company stock valued at $10,375,455. 3.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. boosted its holdings in Tetra Tech by 82.7% in the second quarter. Meeder Asset Management Inc. now owns 625 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 283 shares during the period. Huntington National Bank boosted its holdings in shares of Tetra Tech by 57.7% during the second quarter. Huntington National Bank now owns 749 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 274 shares during the period. NN Investment Partners Holdings N.V. acquired a new position in shares of Tetra Tech during the second quarter valued at $83,000. Advisory Services Network LLC boosted its holdings in shares of Tetra Tech by 2,177.1% during the second quarter. Advisory Services Network LLC now owns 1,093 shares of the industrial products company’s stock valued at $86,000 after acquiring an additional 1,045 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Tetra Tech during the second quarter valued at $94,000. 86.36% of the stock is owned by hedge funds and other institutional investors.
Shares of TTEK stock traded down $3.13 during mid-day trading on Friday, reaching $83.63. 195,093 shares of the company were exchanged, compared to its average volume of 406,410. Tetra Tech has a fifty-two week low of $48.52 and a fifty-two week high of $87.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market capitalization of $4.64 billion, a P/E ratio of 31.68, a P/E/G ratio of 1.75 and a beta of 1.09. The business’s 50 day simple moving average is $81.89 and its 200 day simple moving average is $73.26.
Tetra Tech Company Profile
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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