Headlines about Tetra Tech (NASDAQ:TTEK) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tetra Tech earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 44.0776375254076 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities analysts recently issued reports on TTEK shares. Zacks Investment Research upgraded Tetra Tech from a “sell” rating to a “hold” rating in a report on Friday, October 6th. ValuEngine cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. BidaskClub cut Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. Robert W. Baird increased their target price on Tetra Tech from $47.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Finally, Boenning Scattergood reiterated a “buy” rating and issued a $54.00 target price on shares of Tetra Tech in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.29.
Shares of Tetra Tech (NASDAQ:TTEK) traded up $0.30 during trading hours on Friday, reaching $49.20. The company’s stock had a trading volume of 185,907 shares, compared to its average volume of 250,118. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.37. Tetra Tech has a fifty-two week low of $38.85 and a fifty-two week high of $50.90. The company has a market cap of $2,724.83, a PE ratio of 24.12, a PEG ratio of 1.56 and a beta of 1.08.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. 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 for the quarter, compared to analysts’ expectations of $517.90 million. During the same period last year, the business earned $0.59 EPS. The business’s revenue was up .4% on a year-over-year basis. equities research analysts forecast that Tetra Tech will post 2.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Wednesday, November 29th. Tetra Tech’s dividend payout ratio (DPR) is presently 19.61%.
In other news, CEO Dan L. Batrack sold 43,317 shares of Tetra Tech stock in a transaction on Friday, December 8th. The stock was sold at an average price of $48.65, for a total transaction of $2,107,372.05. Following the sale, the chief executive officer now directly owns 318,994 shares in the company, valued at approximately $15,519,058.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dan L. Batrack sold 10,874 shares of Tetra Tech stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $48.34, for a total value of $525,649.16. Following the sale, the chief executive officer now owns 286,551 shares in the company, valued at $13,851,875.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 232,019 shares of company stock worth $11,385,910. Company insiders own 3.80% of the company’s stock.
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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.
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