Tetra Tech (TTEK) Scheduled to Post Quarterly Earnings on Wednesday

Tetra Tech (NASDAQ:TTEK – Get Rating) will be announcing its earnings results after the market closes on Wednesday, February 1st. Analysts expect the company to announce earnings of $1.20 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Tetra Tech (NASDAQ:TTEK – Get Rating) last issued its quarterly earnings results on Wednesday, November 9th. The industrial products company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.09. Tetra Tech had a net margin of 7.51% and a return on equity of 20.02%. The business had revenue of $736.10 million for the quarter, compared to the consensus estimate of $712.86 million. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts expect Tetra Tech to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Tetra Tech Price Performance

TTEK stock opened at $152.62 on Wednesday. Tetra Tech has a one year low of $118.55 and a one year high of $169.95. The company’s fifty day moving average price is $149.61 and its 200-day moving average price is $142.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $8.12 billion, a PE ratio of 31.34 and a beta of 0.93.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Monday, November 21st were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Friday, November 18th. Tetra Tech’s dividend payout ratio (DPR) is presently 18.89%.

Analyst Upgrades and Downgrades

TTEK has been the topic of several research analyst reports. Maxim Group boosted their target price on shares of Tetra Tech from $190.00 to $200.00 in a report on Friday, November 11th. StockNews.com raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Saturday, December 17th.

Insider Buying and Selling

In related news, CEO Dan L. Batrack sold 30,000 shares of the business’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $153.63, for a total value of $4,608,900.00. Following the sale, the chief executive officer now owns 48,487 shares in the company, valued at $7,449,057.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tetra Tech news, CEO Dan L. Batrack sold 30,000 shares of the business’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $153.63, for a total transaction of $4,608,900.00. Following the transaction, the chief executive officer now owns 48,487 shares in the company, valued at $7,449,057.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J Kenneth Thompson sold 3,500 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $158.98, for a total transaction of $556,430.00. Following the transaction, the director now owns 23,308 shares in the company, valued at approximately $3,705,505.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,580 shares of company stock worth $9,093,178. Insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TTEK. Quantbot Technologies LP bought a new position in Tetra Tech during the second quarter valued at $39,000. Covestor Ltd increased its position in Tetra Tech by 90.8% during the first quarter. Covestor Ltd now owns 248 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 118 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in Tetra Tech during the first quarter valued at $212,000. Toroso Investments LLC increased its position in Tetra Tech by 19.7% during the third quarter. Toroso Investments LLC now owns 1,917 shares of the industrial products company’s stock valued at $247,000 after acquiring an additional 315 shares during the last quarter. Finally, Colony Group LLC bought a new position in shares of Tetra Tech in the second quarter worth about $252,000. Institutional investors own 85.28% of the company’s stock.

Tetra Tech Company Profile

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Tetra Tech, Inc engages in the provision of consulting and engineering services. It operates through the following segments: Government Services Group (GSG), Commercial and International Services Group (CIG), and Remediation and Construction Management (RCM). The GSG segment offers consulting and engineering services primarily to United States government clients such as federal, state and local, and development agencies worldwide.