Tetra Tech, Inc. (TTEK) Given Average Rating of “Hold” by Brokerages
Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have received an average recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $70.00.
TTEK has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Friday, February 8th. Roth Capital lowered their price target on shares of Tetra Tech from $73.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, January 29th. Maxim Group reissued a “buy” rating and set a $87.00 price target on shares of Tetra Tech in a report on Monday, December 10th. BidaskClub downgraded shares of Tetra Tech from a “sell” rating to a “strong sell” rating in a report on Saturday, January 19th. Finally, ValuEngine downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th.
In related news, Director Albert E. Smith sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $53.00, for a total transaction of $424,000.00. Following the completion of the sale, the director now directly owns 51,158 shares in the company, valued at $2,711,374. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Craig L. Christensen sold 4,025 shares of the firm’s stock in a transaction dated Thursday, January 10th. The stock was sold at an average price of $52.79, for a total transaction of $212,479.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,541 shares of company stock worth $2,920,296. Insiders own 3.00% of the company’s stock.
Tetra Tech stock traded up $0.10 during mid-day trading on Friday, reaching $58.75. 519,557 shares of the company traded hands, compared to its average volume of 379,993. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Tetra Tech has a fifty-two week low of $46.30 and a fifty-two week high of $72.56. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 1.40 and a beta of 1.17.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, January 30th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.08. The business had revenue of $553.36 million for the quarter, compared to analyst estimates of $558.46 million. Tetra Tech had a net margin of 4.55% and a return on equity of 16.02%. Tetra Tech’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. On average, sell-side analysts predict that Tetra Tech will post 2.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Wednesday, February 13th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.82%. The ex-dividend date was Tuesday, February 12th. Tetra Tech’s payout ratio is 18.18%.
About Tetra Tech
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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