Tetra Tech (TTEK) Scheduled to Post Quarterly Earnings on Tuesday

Tetra Tech (NASDAQ:TTEK) is scheduled to announce its earnings results after the market closes on Tuesday, January 30th. Tetra Tech has set its Q1 guidance at $00.50-$0.55 EPS and its FY18 guidance at $2.20-$2.40 EPS.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The firm had revenue of $533.00 million for the quarter, compared to analyst estimates of $517.90 million. Tetra Tech had a net margin of 4.28% and a return on equity of 13.60%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 earnings per share. On average, analysts expect Tetra Tech to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Tetra Tech (NASDAQ TTEK) opened at $50.20 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a market cap of $2,779.75, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 1.58 and a beta of 1.08. Tetra Tech has a 12-month low of $38.85 and a 12-month high of $50.90.

In other Tetra Tech news, SVP Roger R. Argus sold 1,138 shares of Tetra Tech stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 6,948 shares in the company, valued at approximately $344,829.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dan L. Batrack sold 43,317 shares of Tetra Tech stock in a transaction that occurred 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 transaction, the chief executive officer now owns 318,994 shares in the company, valued at $15,519,058.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 217,211 shares of company stock worth $10,645,510. Corporate insiders own 3.80% of the company’s stock.

Several research analysts have issued reports on TTEK shares. BidaskClub lowered shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 9th. Boenning Scattergood restated a “buy” rating and issued a $54.00 price target on shares of Tetra Tech in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of Tetra Tech from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. ValuEngine cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Robert W. Baird lifted their price objective on shares of Tetra Tech from $47.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.29.

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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.

Earnings History for Tetra Tech (NASDAQ:TTEK)

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