Tetra Tech, Inc. (NASDAQ:TTEK) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.60-0.62 for the period, compared to the Thomson Reuters consensus estimate of $0.70. The company issued revenue guidance of $500-520 million, compared to the consensus revenue estimate of $558.66 million.Tetra Tech also updated its FY17 guidance to $2.10-2.12 EPS.
Shares of Tetra Tech, Inc. (TTEK) traded up 2.45% on Friday, reaching $41.80. The company’s stock had a trading volume of 351,335 shares. The firm has a 50 day moving average price of $45.50 and a 200-day moving average price of $43.58. The stock has a market cap of $2.36 billion, a PE ratio of 21.19 and a beta of 1.03. Tetra Tech, Inc. has a 12-month low of $33.55 and a 12-month high of $48.35.
Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $498.47 million during the quarter, compared to analyst estimates of $535.18 million. Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. Equities research analysts expect that Tetra Tech, Inc. will post $2.11 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.96%. Tetra Tech’s payout ratio is 20.30%.
A number of analysts have recently commented on the company. Canaccord Genuity restated a buy rating and issued a $52.00 target price on shares of Tetra Tech in a research note on Friday, August 4th. BidaskClub downgraded Tetra Tech from a buy rating to a hold rating in a research note on Saturday, August 5th. Roth Capital set a $52.00 target price on Tetra Tech and gave the stock a buy rating in a research note on Wednesday, August 2nd. Sidoti restated a buy rating and issued a $58.00 target price (up previously from $55.00) on shares of Tetra Tech in a research note on Sunday, May 14th. Finally, Zacks Investment Research upgraded Tetra Tech from a hold rating to a buy rating and set a $51.00 target price on the stock in a research note on Tuesday, July 4th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $49.75.
In other Tetra Tech news, CFO Steven M. Burdick sold 16,750 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $44.87, for a total transaction of $751,572.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.80% of the company’s stock.
Tetra Tech Company Profile
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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