Q1 2018 Earnings Estimate for Tetra Tech, Inc. (TTEK) Issued By KeyCorp

Tetra Tech, Inc. (NASDAQ:TTEK) – KeyCorp decreased their Q1 2018 earnings per share (EPS) estimates for Tetra Tech in a report released on Sunday. KeyCorp analyst S. Eastman now forecasts that the industrial products company will earn $0.53 per share for the quarter, down from their previous forecast of $0.54. KeyCorp also issued estimates for Tetra Tech’s Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.73 EPS and FY2019 earnings at $2.56 EPS.

Several other equities analysts have also recently weighed in on the company. Boenning Scattergood reissued an “outperform” rating on shares of Tetra Tech in a research report on Tuesday, September 5th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $47.00 price target on shares of Tetra Tech in a report on Thursday, September 7th. Robert W. Baird reaffirmed a “hold” rating and issued a $47.00 price target on shares of Tetra Tech in a report on Tuesday, September 5th. BidaskClub cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Roth Capital set a $52.00 price target on Tetra Tech and gave the company a “buy” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Tetra Tech presently has an average rating of “Hold” and a consensus price target of $52.29.

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Tetra Tech (NASDAQ:TTEK) traded down $0.80 during midday trading on Tuesday, hitting $47.25. The company had a trading volume of 219,600 shares, compared to its average volume of 346,859. Tetra Tech has a fifty-two week low of $38.85 and a fifty-two week high of $50.15. The company has a quick ratio of 1.97, a current ratio of 1.94 and a debt-to-equity ratio of 0.37. The firm has a market cap of $2,684.70, a PE ratio of 22.56, a PEG ratio of 1.54 and a beta of 1.08.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. Tetra Tech had a return on equity of 15.00% and a net margin of 6.46%. The business had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $517.90 million. During the same quarter in the previous year, the firm earned $0.59 EPS. The firm’s revenue was up .4% compared to the same quarter last year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. grew its position in Tetra Tech by 194.9% during the 2nd quarter. Advisor Group Inc. now owns 3,279 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 2,167 shares during the last quarter. Strs Ohio boosted its position in Tetra Tech by 45.2% in the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $205,000 after buying an additional 1,400 shares during the last quarter. Tocqueville Asset Management L.P. bought a new position in Tetra Tech in the 2nd quarter valued at $206,000. Teacher Retirement System of Texas bought a new position in Tetra Tech in the 2nd quarter valued at $210,000. Finally, Everence Capital Management Inc. bought a new position in Tetra Tech in the 2nd quarter valued at $217,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

In related news, insider Ronald J. Chu sold 696 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $50.00, for a total transaction of $34,800.00. Following the sale, the insider now directly owns 37,800 shares in the company, valued at approximately $1,890,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ronald J. Chu sold 42,395 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $50.00, for a total value of $2,119,750.00. Following the sale, the executive vice president now owns 58,624 shares in the company, valued at $2,931,200. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,203 shares of company stock worth $2,860,150. 3.80% of the stock is owned by corporate insiders.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.85%. Tetra Tech’s payout ratio is presently 19.61%.

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 and Estimates for Tetra Tech (NASDAQ:TTEK)

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