-$0.02 EPS Expected for TETRA Technologies, Inc. (TTI) This Quarter
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.
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.
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.
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