News coverage about Tetra Tech (NASDAQ:TTEK) has trended positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tetra Tech earned a coverage optimism score of 0.28 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.2721160650107 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Tetra Tech (TTEK) opened at $51.50 on Thursday. The stock has a market cap of $2,895.87, a PE ratio of 21.55, a P/E/G ratio of 1.53 and a beta of 1.00. Tetra Tech has a fifty-two week low of $38.85 and a fifty-two week high of $53.40. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.25 and a quick ratio of 2.25.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.12. The firm had revenue of $544.85 million for the quarter, compared to analyst estimates of $510.22 million. Tetra Tech had a net margin of 4.83% and a return on equity of 14.26%. Tetra Tech’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. equities analysts predict that Tetra Tech will post 2.51 earnings per share for the current year.
Several analysts recently issued reports on TTEK shares. BidaskClub lowered shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. ValuEngine lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Zacks Investment Research lowered shares of Tetra Tech from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Finally, Canaccord Genuity restated a “buy” rating and issued a $60.00 price objective on shares of Tetra Tech in a report on Thursday, February 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $54.57.
In other Tetra Tech news, Director Hugh M. Grant sold 8,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $48.00, for a total transaction of $384,000.00. Following the sale, the director now directly owns 25,621 shares in the company, valued at $1,229,808. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Richard A. Lemmon sold 1,661 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $52.23, for a total transaction of $86,754.03. The disclosure for this sale can be found here. Insiders have sold 64,222 shares of company stock worth $3,188,736 over the last quarter. Insiders own 3.40% of the company’s stock.
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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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