Tetra Tech (NASDAQ:TTEK) Releases Earnings Results, Beats Expectations By $0.02 EPS

Tetra Tech (NASDAQ:TTEK) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02, Zacks reports. Tetra Tech had a net margin of 8.67% and a return on equity of 22.46%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $0.45 EPS. Tetra Tech’s revenue for the quarter was up 15.2% on a year-over-year basis. Tetra Tech updated its FY 2027 guidance to 1.650-1.800 EPS and its Q1 2027 guidance to 0.360-0.380 EPS.

Tetra Tech Trading Up 0.3%

Shares of NASDAQ:TTEK traded up $0.13 during trading on Friday, reaching $39.56. 525,010 shares of the stock were exchanged, compared to its average volume of 2,943,714. The firm has a market cap of $10.13 billion, a price-to-earnings ratio of 23.38 and a beta of 0.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. Tetra Tech has a 12-month low of $25.81 and a 12-month high of $43.14. The firm’s 50-day moving average price is $36.01 and its 200 day moving average price is $33.26.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Wednesday, December 2nd will be paid a $0.0720 dividend. This represents a $0.29 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 2nd. Tetra Tech’s payout ratio is presently 16.57%.

Key Headlines Impacting Tetra Tech

These are some of the TTEK headlines that stood out recently:

• Positive Sentiment: Backlog provides visibility: Fiscal year-end funded backlog reached $4.67 billion, with new orders exceeding $1.6 billion—supporting prospects for future work. Tetra Tech backlog and new orders
• Positive Sentiment: Analyst targets moved higher: KeyCorp raised its target to $42 and maintained an Overweight rating; Baird raised its target to $40 while keeping a Neutral rating.
• Negative Sentiment: Near-term guidance leaves some room for caution: First-quarter EPS guidance of $0.36–$0.38 and revenue guidance of $1.0–$1.1 billion are below or at the low end of consensus estimates, which could temper optimism about the strong results.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. KeyCorp upped their target price on shares of Tetra Tech from $41.00 to $42.00 and gave the company an “overweight” rating in a report on Friday. Royal Bank Of Canada cut their target price on Tetra Tech from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Weiss Ratings upgraded Tetra Tech from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. Robert W. Baird boosted their price target on shares of Tetra Tech from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Tetra Tech currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

Tetra Tech Company Profile

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.