Tetra Tech (NASDAQ:TTEK) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Tetra Tech (NASDAQ:TTEK) issued its earnings results on Wednesday. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02, Zacks reports. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company earned $0.43 EPS. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. Tetra Tech updated its Q4 2026 guidance to 0.450-0.480 EPS and its FY 2026 guidance to 1.560-1.590 EPS.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $32.67 on Thursday. The business’s 50 day moving average price is $29.30 and its 200-day moving average price is $32.08. Tetra Tech has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The company has a market cap of $8.48 billion, a P/E ratio of 19.58 and a beta of 0.92. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.25.

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.072 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.29 annualized dividend and a dividend yield of 0.9%. Tetra Tech’s payout ratio is currently 17.37%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TTEK shares. Weiss Ratings cut shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Royal Bank Of Canada dropped their price objective on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Robert W. Baird set a $35.00 price objective on Tetra Tech in a report on Thursday, April 30th. Finally, National Bank Financial cut their target price on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.80.

More Tetra Tech News

Here are the key news stories impacting Tetra Tech this week:

• Positive Sentiment: Quarterly earnings beat expectations: Fiscal third-quarter EPS was $0.42, above the $0.40 consensus estimate. Revenue reached $1.31 billion, while net revenue was $1.11 billion. Net revenue increased 8% year over year excluding USAID/DOS work and episodic disaster-response activity. Tetra Tech Reports Strong Third Quarter 2026 Results
• Positive Sentiment: Management raised fiscal 2026 guidance: Full-year EPS is now expected at $1.56-$1.59, ahead of the $1.54 analyst consensus, while revenue guidance of approximately $4.315-$4.365 billion is slightly above expectations. Fourth-quarter EPS guidance of $0.45-$0.48 also brackets or exceeds the $0.46 consensus midpoint. Tetra Tech Boosts Guidance Amid Strong Q3 Performance
• Positive Sentiment: Backlog improved: Backlog increased 5% sequentially to $4.49 billion, supporting future revenue visibility and reinforcing the positive outlook for Tetra Tech’s technical, engineering and infrastructure businesses. Tetra Tech Reports Strong Third Quarter 2026 Results
• Neutral Sentiment: Dividend declared: Tetra Tech announced a quarterly dividend of $0.072 per share, or $0.288 annualized, representing an approximately 0.9% yield. Investors of record on August 13 will be paid on August 27.
• Negative Sentiment: Reported revenue and EPS were softer year over year: Revenue declined 4.4% from the prior-year quarter, and EPS fell from $0.43 to $0.42. This decline may temper the bullish reaction despite the quarterly beat and upgraded guidance. Tetra Tech Q3 Earnings and Revenues Surpass Estimates

Insider Transactions at Tetra Tech

In other news, Director Jeffrey R. Feeler acquired 1,900 shares of the company’s stock in a transaction on Friday, May 15th. The stock was bought at an average cost of $26.41 per share, with a total value of $50,179.00. Following the completion of the purchase, the director directly owned 1,900 shares of the company’s stock, valued at $50,179. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tetra Tech

Several institutional investors have recently made changes to their positions in TTEK. Brighton Jones LLC bought a new position in Tetra Tech during the 4th quarter valued at about $225,000. AQR Capital Management LLC lifted its stake in shares of Tetra Tech by 451.6% during the 1st quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock worth $4,204,000 after acquiring an additional 118,774 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Tetra Tech by 136.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock valued at $48,507,000 after acquiring an additional 957,050 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Tetra Tech by 136.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 751 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Tetra Tech by 754.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 1,638 shares during the period. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Company Profile

Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.

The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.