Tetra Tech (TTEK) Scheduled to Post Earnings on Wednesday

Tetra Tech (NASDAQ:TTEK) is set to release its earnings data after the market closes on Wednesday, July 31st. Analysts expect Tetra Tech to post earnings of $1.53 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, May 1st. The industrial products company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.13. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Tetra Tech had a net margin of 5.36% and a return on equity of 21.16%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period last year, the business posted $1.17 earnings per share. On average, analysts expect Tetra Tech to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Tetra Tech Trading Up 0.9 %

TTEK opened at $212.35 on Tuesday. The firm’s fifty day moving average is $208.06 and its two-hundred day moving average is $192.21. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $11.36 billion, a PE ratio of 42.99 and a beta of 0.94. Tetra Tech has a twelve month low of $143.35 and a twelve month high of $221.40.

Insider Transactions at Tetra Tech

In other news, EVP Leslie L. Shoemaker sold 11,161 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $211.83, for a total transaction of $2,364,234.63. Following the completion of the sale, the executive vice president now owns 74,887 shares in the company, valued at approximately $15,863,313.21. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Northcoast Research raised shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $225.00 price objective for the company in a research report on Thursday, May 2nd. Maxim Group increased their price target on shares of Tetra Tech from $234.00 to $268.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $233.00 price target on shares of Tetra Tech in a research note on Tuesday, July 9th. KeyCorp increased their price target on shares of Tetra Tech from $231.00 to $234.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Finally, Robert W. Baird increased their price target on shares of Tetra Tech from $200.00 to $223.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $236.60.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.