Tetra Tech (NASDAQ:TTEK) Releases Q1 Earnings Guidance


Tetra Tech (NASDAQ:TTEK) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.75-0.80 for the period, compared to the Thomson Reuters consensus estimate of $0.78. The company issued revenue guidance of $600-640 million, compared to the consensus revenue estimate of $623.35 million.Tetra Tech also updated its FY20 guidance to $3.35-3.55 EPS.

TTEK has been the topic of several research analyst reports. BidaskClub cut shares of Tetra Tech from a strong-buy rating to a buy rating in a research note on Friday, November 8th. Cfra downgraded Tetra Tech from a buy rating to a hold rating in a research note on Friday, November 15th. Maxim Group boosted their price target on shares of Tetra Tech from $92.00 to $104.00 and gave the stock a buy rating in a research report on Thursday, November 14th. Finally, ValuEngine downgraded shares of Tetra Tech from a buy rating to a hold rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Tetra Tech presently has an average rating of Buy and an average target price of $86.00.

Shares of NASDAQ:TTEK traded up $0.89 during trading hours on Friday, hitting $86.92. 243,034 shares of the company’s stock traded hands, compared to its average volume of 376,030. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.73. The business has a fifty day moving average price of $87.55 and a 200-day moving average price of $81.16. Tetra Tech has a 1 year low of $48.52 and a 1 year high of $90.34. The firm has a market capitalization of $4.74 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 1.66 and a beta of 1.08.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, November 13th. The industrial products company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.04. The firm had revenue of $640.18 million for the quarter, compared to analysts’ expectations of $636.89 million. Tetra Tech had a net margin of 5.11% and a return on equity of 17.92%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. As a group, equities analysts predict that Tetra Tech will post 3.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.60 annualized dividend and a yield of 0.69%. Tetra Tech’s dividend payout ratio (DPR) is currently 18.93%.

In related news, Director J Christopher Lewis sold 4,489 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $82.12, for a total value of $368,636.68. Following the completion of the transaction, the director now owns 51,519 shares of the company’s stock, valued at $4,230,740.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Richard A. Lemmon sold 11,510 shares of Tetra Tech stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $82.74, for a total value of $952,337.40. Following the completion of the transaction, the senior vice president now owns 45,667 shares in the company, valued at $3,778,487.58. The disclosure for this sale can be found here. Insiders have sold a total of 52,571 shares of company stock worth $4,511,839 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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.

Further Reading: What are trading strategies for the 52-week high/low?

Earnings History and Estimates for Tetra Tech (NASDAQ:TTEK)

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