Tetra Tech (TTEK) Earning Somewhat Positive Press Coverage, Analysis Shows
Media coverage about Tetra Tech (NASDAQ:TTEK) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tetra Tech earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 44.7532065076727 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern’s scoring:
- Insider Selling: Tetra Tech, Inc. (TTEK) Director Sells 4,401 Shares of Stock (americanbankingnews.com)
- Tetra Tech, Inc. (TTEK) SVP Sells $371,296.80 in Stock (americanbankingnews.com)
- Insider Selling: Tetra Tech, Inc. (TTEK) SVP Sells 12,694 Shares of Stock (americanbankingnews.com)
- ETFs with exposure to Tetra Tech, Inc. : November 27, 2017 (finance.yahoo.com)
Shares of Tetra Tech (NASDAQ TTEK) traded up $0.05 on Monday, hitting $49.45. 209,355 shares of the stock were exchanged, compared to its average volume of 341,960. The stock has a market capitalization of $2,752.70, a price-to-earnings ratio of 23.19, a P/E/G ratio of 1.58 and a beta of 1.07. Tetra Tech has a 1 year low of $38.85 and a 1 year high of $50.90. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.94 and a quick ratio of 1.94.
Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $533.00 million during the quarter, compared to the consensus estimate of $517.90 million. Tetra Tech had a return on equity of 13.60% and a net margin of 4.28%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. equities analysts forecast that Tetra Tech will post 2.32 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.81%. Tetra Tech’s payout ratio is currently 19.61%.
A number of analysts have recently issued reports on TTEK shares. Boenning Scattergood reissued an “outperform” rating on shares of Tetra Tech in a research note on Tuesday, September 5th. Robert W. Baird reissued a “hold” rating and set a $47.00 target price on shares of Tetra Tech in a research note on Tuesday, September 5th. Stifel Nicolaus reissued a “hold” rating and set a $47.00 target price on shares of Tetra Tech in a research note on Thursday, September 7th. Finally, Zacks Investment Research raised shares of Tetra Tech from a “sell” rating to a “hold” rating in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.29.
In related news, EVP Ronald J. Chu sold 42,395 shares of Tetra Tech stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $50.00, for a total value of $2,119,750.00. Following the completion of the sale, the executive vice president now directly owns 58,624 shares in the company, valued at $2,931,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ronald J. Chu sold 696 shares of Tetra Tech stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $50.00, for a total value of $34,800.00. Following the completion of the sale, the insider now owns 37,800 shares of the company’s stock, valued at $1,890,000. The disclosure for this sale can be found here. Insiders sold 83,246 shares of company stock valued at $4,161,102 over the last 90 days. 4.00% of the stock is currently owned by corporate insiders.
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About Tetra Tech
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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