Somewhat Positive Press Coverage Somewhat Unlikely to Impact Tetra Tech (NASDAQ:TTEK) Stock Price
News articles about Tetra Tech (NASDAQ:TTEK) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tetra Tech earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 45.6140006702865 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- How Does TETRA Technologies, Inc. (TTI) Stack Up Right Now? (fishinghd.com)
- Tetra Tech (NASDAQ:TTEK) Given Daily Media Sentiment Rating of 0.13 (ismboard.com)
- Of Nevada Inc. Has $114000 Position in Tetra Tech, Inc. (TTEK) (vothemes.com)
- Tetra Tech, Inc. (NASDAQ:TTEK) Buckles Under The Trend Lines (campdesrecrues.com)
- Ex-Dividend Reminder: Tetra Tech, Chemours and Grace (nasdaq.com)
Shares of Tetra Tech (NASDAQ TTEK) traded up 2.45% on Friday, reaching $41.80. The company had a trading volume of 351,335 shares. The company has a 50-day moving average price of $45.50 and a 200-day moving average price of $43.58. The firm has a market cap of $2.36 billion, a P/E ratio of 21.19 and a beta of 1.03. Tetra Tech has a one year low of $33.55 and a one year high of $48.35.
Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $498.47 million for the quarter, compared to the consensus estimate of $535.18 million. Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The company’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. On average, analysts expect that Tetra Tech will post $2.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.96%. Tetra Tech’s payout ratio is currently 20.30%.
A number of research analysts have recently commented on the company. Roth Capital set a $52.00 price target on Tetra Tech and gave the company a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised Tetra Tech from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Tuesday, July 4th. Canaccord Genuity reissued a “buy” rating and set a $52.00 price target on shares of Tetra Tech in a report on Wednesday, June 7th. Sidoti reissued a “buy” rating and set a $58.00 price target (up from $55.00) on shares of Tetra Tech in a report on Sunday, May 14th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $50.00 price target 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 issued a buy rating to the stock. Tetra Tech presently has a consensus rating of “Hold” and an average price target of $49.75.
In other news, CFO Steven M. Burdick sold 16,750 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $44.87, for a total transaction of $751,572.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.80% of the company’s stock.
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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