Tetra Tech (TTEK) Getting Somewhat Positive Media Coverage, Study Finds
News articles about Tetra Tech (NASDAQ:TTEK) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tetra Tech earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.8011719523701 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Tetra Tech Boosts Design Capabilities With Glumac Buyout (finance.yahoo.com)
- Tetra Tech Broadens High-End Sustainable Infrastructure Design Capabilities with the Acquisition of Glumac (finance.yahoo.com)
- Tetra Tech on Track for Nearly $5.3 Billion in Fourth-Quarter Project Starts, Completions (industrialinfo.com)
- Tetra Tech, Inc. (TTEK) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Tetra Tech, Inc. (TTEK) Expected to Post Quarterly Sales of $518.45 Million (americanbankingnews.com)
Several equities analysts have commented on the stock. Roth Capital set a $52.00 price target on shares of Tetra Tech and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, July 4th. Canaccord Genuity reiterated a “buy” rating and issued a $52.00 price target on shares of Tetra Tech in a research note on Wednesday, June 7th. Stifel Nicolaus reiterated a “hold” rating and issued a $50.00 price target on shares of Tetra Tech in a research note on Friday, July 7th. Finally, BidaskClub lowered shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $49.50.
Shares of Tetra Tech (NASDAQ TTEK) opened at 47.65 on Thursday. Tetra Tech has a 12-month low of $35.21 and a 12-month high of $48.35. The firm has a market capitalization of $2.69 billion, a P/E ratio of 24.15 and a beta of 1.07. The stock has a 50 day moving average price of $43.18 and a 200 day moving average price of $44.01.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. The firm had revenue of $498.47 million during the quarter, compared to the consensus estimate of $535.18 million. During the same quarter last year, the firm posted $0.50 earnings per share. Tetra Tech’s revenue was up .0% compared to the same quarter last year. Equities analysts anticipate that Tetra Tech will post $2.11 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: This piece of content was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/05/tetra-tech-ttek-getting-somewhat-positive-media-coverage-study-finds.html.
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.
Receive News & Stock Ratings for Tetra Tech Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Tech Inc. and related stocks with our FREE daily email newsletter.