Tetra Tech (NASDAQ:TTEK) Reaches New 1-Year High After Better-Than-Expected Earnings

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) reached a new 52-week high during trading on Thursday following a better than expected earnings announcement. The company traded as high as $39.10 and last traded at $39.5670, with a volume of 328 shares changing hands. The stock had previously closed at $37.10.

The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $974.28 million. Tetra Tech had a return on equity of 25.79% and a net margin of 4.55%.The company’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, February 12th. Tetra Tech’s dividend payout ratio is 27.96%.

Key Stories Impacting Tetra Tech

Here are the key news stories impacting Tetra Tech this week:

• Positive Sentiment: Q1 results beat expectations — TTEK reported $0.35 EPS (vs. $0.31 consensus) and revenue of $1.21B, driven by improved net revenue and margins; the company highlighted operating income of $141M and adjusted EBITDA of $147M. Tetra Tech Reports Strong First Quarter 2026 Results and Raises Fiscal Year 2026 Guidance
• Positive Sentiment: Raised FY‑2026 guidance — management nudged full‑year EPS guidance to $1.46–$1.56 and raised net revenue guidance (range roughly in line with consensus), signaling confidence in the back half of the year. Tetra Tech Reports Strong First Quarter 2026 Results and Raises Fiscal Year 2026 Guidance
• Positive Sentiment: Dividend increase — TTEK raised its quarterly dividend 12% to $0.065 per share (annualized yield ~0.7%); ex‑dividend date Feb 12 and payable Feb 27, which supports income‑oriented investors and signals board confidence. Tetra Tech raises quarterly dividend 12% to $0.065 per share
• Positive Sentiment: Strategic partnership — Tetra Tech Canada signed an MoU with Westinghouse to collaborate on AP1000® and AP300™ nuclear new‑build projects in Ontario, expanding potential large‑scale infrastructure work. Westinghouse and Tetra Tech Canada Sign Agreement for Nuclear New-Build Projects
• Neutral Sentiment: Q2 guidance in line — Q2 EPS guidance of $0.300–$0.330 overlaps the Street (~$0.31) and revenue guidance is close to consensus, implying no major near‑term upside surprise.
• Negative Sentiment: Revenue is down year‑over‑year — reported revenue declined ~13.4% vs. prior year (though net revenue excluding certain items was better), which highlights cyclicality and near‑term top‑line pressure. Tetra Tech Reports Strong First Quarter 2026 Results and Raises Fiscal Year 2026 Guidance

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Robert W. Baird upped their target price on shares of Tetra Tech from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, January 21st. Northcoast Research raised shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Thursday, November 13th. National Bank Financial began coverage on Tetra Tech in a research note on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price objective on the stock. Finally, Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Sunday, November 23rd. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tetra Tech presently has a consensus rating of “Moderate Buy” and an average price target of $42.20.

Institutional Investors Weigh In On Tetra Tech

A number of large investors have recently bought and sold shares of TTEK. ProShare Advisors LLC increased its holdings in Tetra Tech by 2.5% in the 2nd quarter. ProShare Advisors LLC now owns 11,684 shares of the industrial products company’s stock worth $420,000 after purchasing an additional 285 shares in the last quarter. First Horizon Corp lifted its position in shares of Tetra Tech by 50.4% during the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 295 shares in the last quarter. US Bancorp DE increased its position in shares of Tetra Tech by 1.7% during the second quarter. US Bancorp DE now owns 18,326 shares of the industrial products company’s stock valued at $659,000 after acquiring an additional 299 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of Tetra Tech by 3.9% during the third quarter. Verdence Capital Advisors LLC now owns 8,514 shares of the industrial products company’s stock valued at $285,000 after acquiring an additional 319 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its position in shares of Tetra Tech by 3.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 9,162 shares of the industrial products company’s stock valued at $306,000 after purchasing an additional 328 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Up 6.6%

The stock’s fifty day moving average is $34.98 and its two-hundred day moving average is $35.14. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $10.33 billion, a PE ratio of 42.55 and a beta of 0.90.

Tetra Tech Company Profile

Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.

The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.