Tetra Tech, Inc. (NASDAQ:TTEK) – Stock analysts at KeyCorp issued their Q1 2019 earnings per share estimates for shares of Tetra Tech in a report issued on Monday, November 12th, according to Zacks Investment Research. KeyCorp analyst T. Afzal expects that the industrial products company will earn $0.62 per share for the quarter. KeyCorp also issued estimates for Tetra Tech’s Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.80 EPS and Q4 2019 earnings at $0.83 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 analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $563.67 million for the quarter, compared to analyst estimates of $571.33 million. Tetra Tech had a return on equity of 15.80% and a net margin of 4.62%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 earnings per share.

Other equities analysts also recently issued research reports about the stock. Maxim Group began coverage on shares of Tetra Tech in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $87.00 price target for the company. BidaskClub downgraded shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 20th. Finally, Boenning Scattergood restated a “buy” rating and issued a $80.00 price target on shares of Tetra Tech in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Tetra Tech currently has a consensus rating of “Hold” and a consensus price target of $72.86.

Shares of NASDAQ:TTEK traded down $1.00 during trading on Wednesday, hitting $54.59. The company’s stock had a trading volume of 436,744 shares, compared to its average volume of 333,545. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.27. Tetra Tech has a fifty-two week low of $44.65 and a fifty-two week high of $72.56.

Several hedge funds have recently modified their holdings of the stock. American International Group Inc. grew its stake in shares of 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 worth $2,973,000 after purchasing an additional 789 shares in the last quarter. Strs Ohio boosted its stake in Tetra Tech by 23.7% in the second quarter. Strs Ohio now owns 4,700 shares of the industrial products company’s stock valued at $274,000 after acquiring an additional 900 shares in the last quarter. Smithfield Trust Co. boosted its stake in Tetra Tech by 70.1% in the third quarter. Smithfield Trust Co. now owns 2,280 shares of the industrial products company’s stock valued at $156,000 after acquiring an additional 940 shares in the last quarter. Amalgamated Bank boosted its stake in Tetra Tech by 11.8% in the second quarter. Amalgamated Bank now owns 8,992 shares of the industrial products company’s stock valued at $526,000 after acquiring an additional 951 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Tetra Tech by 15.9% in the second quarter. Victory Capital Management Inc. now owns 7,070 shares of the industrial products company’s stock valued at $414,000 after acquiring an additional 971 shares in the last quarter. Hedge funds and other institutional investors own 84.55% of the company’s stock.

In related news, SVP Brian N. Carter sold 8,215 shares of the business’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $62.28, for a total transaction of $511,630.20. Following the completion of the transaction, the senior vice president now owns 7,430 shares in the company, valued at $462,740.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kirsten M. Volpi sold 1,200 shares of the business’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $66.94, for a total transaction of $80,328.00. Following the transaction, the director now owns 8,801 shares of the company’s stock, valued at approximately $589,138.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,034 shares of company stock valued at $3,958,744. Insiders own 3.40% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.88%. Tetra Tech’s payout ratio is currently 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.

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

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