Tetra Tech Inc. (TTEK) Expected to Earn Q4 2017 Earnings of $0.55 Per Share
Tetra Tech Inc. (NASDAQ:TTEK) – Stock analysts at Seaport Global Securities issued their Q4 2017 earnings per share estimates for Tetra Tech in a research note issued to investors on Wednesday. Seaport Global Securities analyst R. Cassil expects that the brokerage will earn $0.55 per share for the quarter.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by $0.01. The business earned $530.90 million during the quarter, compared to the consensus estimate of $524.56 million. Tetra Tech had a net margin of 3.24% and a return on equity of 12.41%. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 EPS.
A number of other brokerages have also recently issued reports on TTEK. FBR & Co boosted their price objective on Tetra Tech from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Friday, July 29th. Zacks Investment Research lowered Tetra Tech from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Tetra Tech in a report on Friday, October 7th. Canaccord Genuity reaffirmed a “buy” rating and set a $37.00 target price on shares of Tetra Tech in a report on Friday, July 29th. Finally, DA Davidson reaffirmed a “hold” rating and set a $35.00 target price on shares of Tetra Tech in a report on Wednesday, November 9th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $34.50.
Tetra Tech (NASDAQ:TTEK) opened at 39.65 on Monday. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 111.38 and a beta of 1.09. Tetra Tech has a one year low of $22.85 and a one year high of $40.10. The company has a 50-day moving average of $37.20 and a 200-day moving average of $33.32.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Tuesday, November 29th. Tetra Tech’s payout ratio is 100.00%.
In other Tetra Tech news, SVP Craig L. Christensen sold 16,750 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $35.00, for a total value of $586,250.00. Following the completion of the sale, the senior vice president now owns 45,891 shares of the company’s stock, valued at $1,606,185. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kevin P. Mcdonald sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $36.30, for a total value of $199,650.00. Following the completion of the sale, the senior vice president now directly owns 19,613 shares of the company’s stock, valued at approximately $711,951.90. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Shell Asset Management Co. purchased a new stake in shares of Tetra Tech during the second quarter valued at about $1,019,000. Adams Diversified Equity Fund Inc. purchased a new stake in shares of Tetra Tech during the second quarter valued at about $430,000. Nordea Investment Management AB purchased a new stake in shares of Tetra Tech during the second quarter valued at about $622,000. Independent Portfolio Consultants Inc. raised its stake in shares of Tetra Tech by 59.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 23,300 shares of the company’s stock valued at $716,000 after buying an additional 8,725 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in shares of Tetra Tech by 1.1% in the second quarter. Capstone Asset Management Co. now owns 18,143 shares of the company’s stock valued at $558,000 after buying an additional 190 shares in the last quarter. 87.79% of the stock is owned by institutional investors and hedge funds.
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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