Tetra Tech, Inc. (NASDAQ:TTEK) – Investment analysts at Boenning Scattergood issued their Q1 2020 earnings per share (EPS) estimates for shares of Tetra Tech in a research note issued on Thursday, December 6th. Boenning Scattergood analyst R. Connors anticipates that the industrial products company will post earnings of $0.70 per share for the quarter. Boenning Scattergood currently has a “Buy” rating and a $80.00 target price on the stock. Boenning Scattergood also issued estimates for Tetra Tech’s Q3 2020 earnings at $0.93 EPS, Q4 2020 earnings at $0.93 EPS and FY2020 earnings at $3.30 EPS.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, November 7th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.01. The firm had revenue of $563.67 million during the quarter, compared to analyst estimates of $571.33 million. Tetra Tech had a net margin of 4.62% and a return on equity of 15.80%. Tetra Tech’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS.

A number of other brokerages have also issued reports on TTEK. BidaskClub upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Thursday, November 8th. Robert W. Baird raised their price objective on shares of Tetra Tech from $63.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, November 8th. Maxim Group set a $87.00 price objective on shares of Tetra Tech and gave the company a “buy” rating in a research report on Thursday, November 8th. Finally, Zacks Investment Research restated a “hold” rating on shares of Tetra Tech in a research report on Saturday, November 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $72.86.

Shares of TTEK opened at $54.59 on Friday. The stock has a market capitalization of $3.06 billion, a P/E ratio of 20.68, a P/E/G ratio of 1.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.70. Tetra Tech has a 52-week low of $44.65 and a 52-week high of $72.56.

A number of hedge funds have recently bought and sold shares of the business. American International Group Inc. lifted its stake in Tetra Tech by 1.8% during the third quarter. American International Group Inc. now owns 43,524 shares of the industrial products company’s stock valued at $2,973,000 after buying an additional 789 shares in the last quarter. Strs Ohio lifted its stake in Tetra Tech by 23.7% during the second quarter. Strs Ohio now owns 4,700 shares of the industrial products company’s stock valued at $274,000 after buying an additional 900 shares in the last quarter. Smithfield Trust Co. lifted its stake in Tetra Tech by 70.1% during the third quarter. Smithfield Trust Co. now owns 2,280 shares of the industrial products company’s stock valued at $156,000 after buying an additional 940 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Tetra Tech by 15.9% during the second quarter. Victory Capital Management Inc. now owns 7,070 shares of the industrial products company’s stock valued at $414,000 after buying an additional 971 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Tetra Tech by 14.4% during the third quarter. Fisher Asset Management LLC now owns 8,365 shares of the industrial products company’s stock valued at $571,000 after buying an additional 1,050 shares in the last quarter. 84.55% of the stock is owned by institutional investors.

In other Tetra Tech news, Director Kirsten M. Volpi sold 1,200 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $66.94, for a total transaction of $80,328.00. Following the completion of the sale, the director now directly owns 8,801 shares of the company’s stock, valued at $589,138.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Craig L. Christensen sold 6,750 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $65.98, for a total transaction of $445,365.00. Following the sale, the senior vice president now directly owns 34,400 shares of the company’s stock, valued at $2,269,712. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,034 shares of company stock valued at $3,958,744. Insiders own 3.40% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 0.88%. Tetra Tech’s dividend payout ratio (DPR) is 18.18%.

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.

See Also: Cost of Equity

Earnings History and Estimates for Tetra Tech (NASDAQ:TTEK)

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