News stories about Tetra Tech (NASDAQ:TTEK) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Tetra Tech earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.2838447865283 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Tetra Tech (TTEK) opened at 42.95 on Friday. The company has a market cap of $2.43 billion, a P/E ratio of 21.77 and a beta of 1.05. Tetra Tech has a 52 week low of $34.78 and a 52 week high of $48.35. The firm has a 50-day moving average price of $42.52 and a 200 day moving average price of $43.53.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $498.47 million during the quarter, compared to analysts’ expectations of $535.18 million. Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 EPS. Analysts expect that Tetra Tech will post $2.11 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 17th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Tuesday, August 15th. Tetra Tech’s payout ratio is 20.30%.
Several brokerages recently weighed in on TTEK. Roth Capital set a $52.00 price objective on Tetra Tech and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised Tetra Tech from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Tuesday, July 4th. Canaccord Genuity reissued a “buy” rating and issued a $52.00 price objective on shares of Tetra Tech in a report on Wednesday, June 7th. Stifel Nicolaus reissued a “hold” rating and issued a $50.00 price objective on shares of Tetra Tech in a report on Friday, July 7th. Finally, BidaskClub lowered Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Tetra Tech currently has an average rating of “Hold” and a consensus price target of $49.50.
About Tetra Tech
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.
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