Boenning Scattergood reiterated their buy rating on shares of Tetra Tech, Inc. (NASDAQ:TTEK) in a research report released on Thursday morning. They currently have a $54.00 target price on the industrial products company’s stock. Boenning Scattergood also issued estimates for Tetra Tech’s Q1 2018 earnings at $0.51 EPS, Q2 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.65 EPS and FY2018 earnings at $2.30 EPS.
Other equities research analysts also recently issued research reports about the stock. Roth Capital set a $52.00 price objective on shares of Tetra Tech and gave the company a buy rating in a research report on Wednesday, August 2nd. Canaccord Genuity reissued a buy rating and set a $52.00 price objective on shares of Tetra Tech in a research report on Friday, August 4th. Zacks Investment Research raised shares of Tetra Tech from a sell rating to a hold rating in a research report on Friday, October 6th. Stifel Nicolaus reissued a hold rating and set a $47.00 price objective on shares of Tetra Tech in a research report on Thursday, September 7th. Finally, Robert W. Baird reissued a hold rating and set a $47.00 price objective on shares of Tetra Tech in a research report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $52.29.
Shares of Tetra Tech (TTEK) opened at $48.50 on Thursday. Tetra Tech has a 1 year low of $38.45 and a 1 year high of $50.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.94. The stock has a market cap of $2,709.84, a price-to-earnings ratio of 22.77, a PEG ratio of 1.56 and a beta of 1.08.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Tetra Tech had a net margin of 4.28% and a return on equity of 13.60%. The firm had revenue of $533.00 million during the quarter, compared to the consensus estimate of $517.90 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. sell-side analysts forecast that Tetra Tech will post 2.31 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Wednesday, November 29th. Tetra Tech’s dividend payout ratio (DPR) is 19.61%.
In related news, insider Ronald J. Chu sold 696 shares of Tetra Tech stock in a transaction on Friday, October 27th. The shares were sold at an average price of $50.00, for a total transaction of $34,800.00. Following the transaction, the insider now owns 37,800 shares in the company, valued at approximately $1,890,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ronald J. Chu sold 14,112 shares of Tetra Tech stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $50.00, for a total transaction of $705,600.00. Following the transaction, the insider now owns 51,216 shares in the company, valued at approximately $2,560,800. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC lifted its stake in Tetra Tech by 0.3% in the 2nd quarter. Manchester Capital Management LLC now owns 17,906 shares of the industrial products company’s stock worth $819,000 after purchasing an additional 55 shares in the last quarter. Amalgamated Bank lifted its stake in Tetra Tech by 2.6% in the 2nd quarter. Amalgamated Bank now owns 7,989 shares of the industrial products company’s stock worth $365,000 after purchasing an additional 202 shares in the last quarter. First National Bank of Omaha lifted its stake in Tetra Tech by 0.7% in the 2nd quarter. First National Bank of Omaha now owns 28,991 shares of the industrial products company’s stock worth $1,326,000 after purchasing an additional 215 shares in the last quarter. Texas Permanent School Fund lifted its stake in Tetra Tech by 0.6% in the 2nd quarter. Texas Permanent School Fund now owns 41,731 shares of the industrial products company’s stock worth $1,909,000 after purchasing an additional 233 shares in the last quarter. Finally, Rathbone Brothers plc lifted its stake in Tetra Tech by 0.9% in the 2nd quarter. Rathbone Brothers plc now owns 32,345 shares of the industrial products company’s stock worth $1,480,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.
Tetra Tech Company Profile
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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