Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have received an average rating of “Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $56.40.
Several equities research analysts have recently commented on the stock. BidaskClub cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, April 28th. ValuEngine cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Boenning Scattergood reaffirmed a “buy” rating and issued a $65.00 target price on shares of Tetra Tech in a research report on Thursday, March 15th. Stifel Nicolaus raised their target price on shares of Tetra Tech from $52.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, April 2nd. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $60.00 target price on shares of Tetra Tech in a research report on Thursday, February 1st.
In related news, Director J Kenneth Thompson sold 8,000 shares of Tetra Tech stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $50.01, for a total transaction of $400,080.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Richard A. Lemmon sold 15,089 shares of Tetra Tech stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $51.09, for a total transaction of $770,897.01. Following the transaction, the senior vice president now directly owns 51,785 shares of the company’s stock, valued at $2,645,695.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,581 shares of company stock valued at $6,733,486. Corporate insiders own 3.40% of the company’s stock.
TTEK traded up $0.35 during trading on Friday, hitting $53.20. 426,430 shares of the stock traded hands, compared to its average volume of 271,696. The stock has a market capitalization of $2.96 billion, a P/E ratio of 24.98, a PEG ratio of 1.52 and a beta of 1.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.49. Tetra Tech has a 12-month low of $39.95 and a 12-month high of $53.40.
Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, May 2nd. The industrial products company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The business had revenue of $532.79 million during the quarter, compared to analysts’ expectations of $509.14 million. Tetra Tech had a net margin of 4.83% and a return on equity of 14.38%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 EPS. sell-side analysts expect that Tetra Tech will post 2.59 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Wednesday, May 16th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.90%. This is a boost from Tetra Tech’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, May 15th. Tetra Tech’s dividend payout ratio (DPR) is currently 22.54%.
Tetra Tech Company Profile
Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through two segments, Water, Environment and Infrastructure (WEI); and Resource Management and Energy (RME). The WEI 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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