Tetra Tech (NASDAQ:TTEK) Shares Gap Up Following Strong Earnings

Tetra Tech, Inc. (NASDAQ:TTEK)’s share price gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $37.61, but opened at $41.38. Tetra Tech shares last traded at $39.0140, with a volume of 1,210,116 shares traded.

The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.15 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Wednesday, December 2nd will be paid a $0.0720 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 2nd. Tetra Tech’s dividend payout ratio (DPR) is 17.47%.

Trending Headlines about Tetra Tech

Investors following TTEK have been watching these headlines:

• Positive Sentiment: Fiscal Q4 adjusted EPS was $0.49, above the $0.47 consensus, and revenue reached $1.34 billion. Revenue rose 15.2% year over year, and the company highlighted record results and a strong backlog. Tetra Tech Q4 results
• Neutral Sentiment: Robert W. Baird raised its price target from $37 to $40 but kept a “neutral” rating, indicating a more favorable valuation view without an outright bullish call. Baird analyst ratings
• Negative Sentiment: Fiscal 2027 guidance is broadly around analyst expectations at the midpoint, but the ranges leave downside risk. First-quarter EPS guidance of $0.36–$0.38 is at or below the $0.38 consensus, and revenue guidance of $1.0–$1.1 billion is below or equal to the $1.1 billion estimate. Company results and outlook

Analysts Set New Price Targets

Several equities analysts recently commented on TTEK shares. Wall Street Zen downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Robert W. Baird raised their price target on shares of Tetra Tech from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday. KeyCorp reaffirmed an “overweight” rating and set a $41.00 price target (down from $43.00) on shares of Tetra Tech in a research report on Thursday, October 15th. Royal Bank Of Canada lowered their price objective on Tetra Tech from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Finally, Weiss Ratings raised Tetra Tech from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $39.60.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Tetra Tech by 2.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,335 shares of the industrial products company’s stock valued at $414,000 after buying an additional 285 shares during the last quarter. Rathbones Group PLC raised its holdings in shares of Tetra Tech by 3.8% in the 3rd quarter. Rathbones Group PLC now owns 8,565 shares of the industrial products company’s stock worth $282,000 after acquiring an additional 315 shares during the last quarter. Parallel Advisors LLC lifted its position in Tetra Tech by 16.5% in the 3rd quarter. Parallel Advisors LLC now owns 2,285 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 323 shares in the last quarter. Allworth Financial LP grew its holdings in Tetra Tech by 7.9% during the third quarter. Allworth Financial LP now owns 6,090 shares of the industrial products company’s stock worth $201,000 after buying an additional 445 shares in the last quarter. Finally, Abacus Wealth Partners LLC raised its position in Tetra Tech by 6.2% in the 3rd quarter. Abacus Wealth Partners LLC now owns 9,987 shares of the industrial products company’s stock valued at $329,000 after buying an additional 582 shares during the last quarter. 93.89% of the stock is owned by institutional investors.

Tetra Tech Trading Up 3.0%

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a 50 day simple moving average of $35.94 and a two-hundred day simple moving average of $33.25. The firm has a market capitalization of $9.92 billion, a P/E ratio of 23.40 and a beta of 0.86.

About Tetra Tech

Tetra Tech, Inc. is a consulting and engineering services company founded in 1966. It works with government and commercial clients on projects involving water, the environment, infrastructure, energy, and resource management. The company provides services across the project lifecycle, including planning, consulting, engineering, design, and program and construction management. Its work includes water supply and wastewater systems, environmental assessment and remediation, infrastructure development, and climate resilience.