Tetra Tech (TTEK) Set to Announce Earnings on Wednesday

Tetra Tech (NASDAQ:TTEK) is scheduled to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Tetra Tech to post earnings of $1.31 per share for the quarter. Parties that are interested in participating in the company’s earnings conference call can do so using this link.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $974.00 million. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. During the same quarter in the previous year, the business earned $1.34 earnings per share. On average, analysts expect Tetra Tech to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Tetra Tech Stock Up 0.4 %

Shares of NASDAQ:TTEK opened at $193.20 on Tuesday. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of 44.72 and a beta of 0.96. Tetra Tech has a 12-month low of $132.29 and a 12-month high of $194.99. The business has a 50-day moving average price of $184.83 and a 200 day moving average price of $170.68. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61.

Insiders Place Their Bets

In other news, SVP Brian N. Carter sold 5,580 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $176.52, for a total value of $984,981.60. Following the completion of the transaction, the senior vice president now owns 8,360 shares of the company’s stock, valued at $1,475,707.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Brian N. Carter sold 5,580 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $176.52, for a total transaction of $984,981.60. Following the sale, the senior vice president now owns 8,360 shares of the company’s stock, valued at $1,475,707.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven M. Burdick sold 7,515 shares of Tetra Tech stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total value of $1,320,160.05. Following the completion of the transaction, the chief financial officer now owns 29,890 shares of the company’s stock, valued at $5,250,776.30. The disclosure for this sale can be found here. Insiders have sold 32,123 shares of company stock worth $5,487,673 over the last three months. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TTEK. KeyCorp began coverage on shares of Tetra Tech in a research report on Wednesday, January 10th. They set an “overweight” rating and a $191.00 price target for the company. Royal Bank of Canada boosted their target price on Tetra Tech from $192.00 to $203.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $197.25.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. 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.