Equities analysts expect TETRA Technologies, Inc. (NYSE:TTI) to announce earnings per share (EPS) of ($0.02) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for TETRA Technologies’ earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at ($0.06). TETRA Technologies posted earnings per share of ($0.16) in the same quarter last year, which suggests a positive year over year growth rate of 87.5%. The firm is expected to issue its next earnings report on Wednesday, March 7th.

According to Zacks, analysts expect that TETRA Technologies will report full-year earnings of ($0.14) per share for the current fiscal year, with EPS estimates ranging from ($0.27) to ($0.09). For the next year, analysts expect that the business will report earnings of ($0.02) per share, with EPS estimates ranging from ($0.05) to $0.04. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for TETRA Technologies.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings data on Thursday, November 9th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06. The firm had revenue of $216.36 million during the quarter, compared to analysts’ expectations of $218.65 million. TETRA Technologies had a negative return on equity of 6.89% and a negative net margin of 5.47%. TETRA Technologies’s revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) earnings per share.

Several equities analysts recently issued reports on the company. Zacks Investment Research cut TETRA Technologies from a “buy” rating to a “hold” rating in a report on Saturday. Piper Jaffray Companies set a $5.00 price objective on TETRA Technologies and gave the stock a “buy” rating in a report on Friday, December 29th. Royal Bank of Canada set a $5.00 price target on TETRA Technologies and gave the stock a “hold” rating in a report on Thursday, December 21st. Loop Capital boosted their price target on TETRA Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Finally, ValuEngine raised TETRA Technologies from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $5.00.

Shares of TETRA Technologies (NYSE:TTI) traded down $0.16 during mid-day trading on Friday, reaching $4.18. The company had a trading volume of 710,497 shares, compared to its average volume of 1,150,000. The firm has a market capitalization of $484.41, a PE ratio of -9.72 and a beta of 0.99. TETRA Technologies has a 52-week low of $1.85 and a 52-week high of $5.09. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.38 and a current ratio of 2.24.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTI. JPMorgan Chase & Co. raised its holdings in shares of TETRA Technologies by 3,012.3% in the second quarter. JPMorgan Chase & Co. now owns 46,187 shares of the oil and gas company’s stock worth $129,000 after acquiring an additional 44,703 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of TETRA Technologies by 326.0% in the second quarter. Cubist Systematic Strategies LLC now owns 47,942 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 36,687 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of TETRA Technologies by 73.7% in the second quarter. GSA Capital Partners LLP now owns 57,037 shares of the oil and gas company’s stock worth $159,000 after acquiring an additional 24,198 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of TETRA Technologies by 68.0% in the third quarter. BNP Paribas Arbitrage SA now owns 58,889 shares of the oil and gas company’s stock worth $168,000 after acquiring an additional 23,839 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of TETRA Technologies by 0.3% in the second quarter. Arizona State Retirement System now owns 60,490 shares of the oil and gas company’s stock worth $169,000 after acquiring an additional 200 shares during the last quarter. 90.55% of the stock is owned by institutional investors.

WARNING: “-$0.02 EPS Expected for TETRA Technologies, Inc. (TTI) This Quarter” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2018/01/10/0-02-eps-expected-for-tetra-technologies-inc-tti-this-quarter.html.

TETRA Technologies Company Profile

TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.

Get a free copy of the Zacks research report on TETRA Technologies (TTI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for TETRA Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TETRA Technologies and related stocks with our FREE daily email newsletter.