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

Tetra Tech, Inc. (NASDAQ:TTEK) released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02, Bloomberg Earnings reports. Tetra Tech had a return on equity of 13.60% and a net margin of 4.28%. The business had revenue of $533.00 million during the quarter, compared to analyst estimates of $517.90 million. During the same quarter last year, the business posted $0.59 EPS. The company’s revenue was up .4% on a year-over-year basis. Tetra Tech updated its Q1 guidance to $00.50-$0.55 EPS and its FY18 guidance to $2.20-$2.40 EPS.

Shares of Tetra Tech (NASDAQ TTEK) opened at $50.70 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.94. The firm has a market capitalization of $2,766.63, a price-to-earnings ratio of 23.31, a PEG ratio of 1.59 and a beta of 1.08. Tetra Tech has a 12-month low of $38.85 and a 12-month high of $50.75.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Wednesday, November 29th. Tetra Tech’s dividend payout ratio is currently 19.61%.

In related news, SVP Roger R. Argus sold 1,138 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $49.63, for a total transaction of $56,478.94. Following the completion of the transaction, the senior vice president now owns 6,948 shares in the company, valued at $344,829.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Ronald J. Chu sold 42,395 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $50.00, for a total transaction of $2,119,750.00. Following the transaction, the executive vice president now owns 58,624 shares of the company’s stock, valued at approximately $2,931,200. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,731 shares of company stock valued at $2,935,992. Insiders own 3.80% of the company’s stock.

Several equities research analysts recently issued reports on TTEK shares. Boenning Scattergood reiterated an “outperform” rating on shares of Tetra Tech in a report on Tuesday, September 5th. Stifel Nicolaus restated a “hold” rating and set a $47.00 target price on shares of Tetra Tech in a report on Thursday, September 7th. Robert W. Baird restated a “hold” rating and set a $47.00 target price on shares of Tetra Tech in a report on Tuesday, September 5th. Zacks Investment Research cut Tetra Tech from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Finally, BidaskClub cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Tetra Tech presently has a consensus rating of “Hold” and an average price target of $52.29.

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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.

Earnings History for Tetra Tech (NASDAQ:TTEK)

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