Tetra Tech (TTEK) Scheduled to Post Earnings on Wednesday

Tetra Tech (NASDAQ:TTEKGet Rating) is set to release its earnings data after the market closes on Wednesday, November 9th. Analysts expect Tetra Tech to post earnings of $1.17 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Tetra Tech Stock Performance

TTEK stock opened at $140.63 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.21 and a quick ratio of 1.21. The company has a 50 day moving average price of $133.21 and a 200 day moving average price of $135.88. Tetra Tech has a fifty-two week low of $118.55 and a fifty-two week high of $192.91. The stock has a market capitalization of $7.55 billion, a PE ratio of 29.06 and a beta of 0.91.

Insider Buying and Selling at Tetra Tech

In other news, Director J Christopher Lewis sold 16,800 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $143.62, for a total transaction of $2,412,816.00. Following the transaction, the director now directly owns 70,496 shares of the company’s stock, valued at $10,124,635.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director J Christopher Lewis sold 16,800 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $143.62, for a total transaction of $2,412,816.00. Following the sale, the director now owns 70,496 shares in the company, valued at approximately $10,124,635.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kirsten M. Volpi sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $144.66, for a total transaction of $173,592.00. Following the completion of the sale, the director now owns 11,275 shares in the company, valued at approximately $1,631,041.50. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cresset Asset Management LLC bought a new stake in Tetra Tech during the 1st quarter worth approximately $612,000. Quantamental Technologies LLC purchased a new stake in shares of Tetra Tech in the 1st quarter valued at $548,000. American Century Companies Inc. boosted its stake in shares of Tetra Tech by 20.0% in the 1st quarter. American Century Companies Inc. now owns 3,178 shares of the industrial products company’s stock valued at $524,000 after purchasing an additional 529 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Tetra Tech by 8.0% in the 1st quarter. Mackenzie Financial Corp now owns 3,039 shares of the industrial products company’s stock valued at $501,000 after purchasing an additional 226 shares in the last quarter. Finally, Cetera Advisor Networks LLC purchased a new stake in shares of Tetra Tech in the 1st quarter valued at $421,000. 85.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Northcoast Research assumed coverage on shares of Tetra Tech in a research report on Friday, July 15th. They set a “neutral” rating for the company.

Tetra Tech Company Profile

(Get Rating)

Tetra Tech, Inc provides consulting and engineering services worldwide. The company operates through two segments Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project 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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Earnings History for Tetra Tech (NASDAQ:TTEK)

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