Tetra Tech (NASDAQ:TTEK) Issues Q1 Earnings Guidance

Tetra Tech (NASDAQ:TTEK) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.32-0.34 for the period, compared to the consensus earnings per share estimate of $0.34. The company issued revenue guidance of $1.09-1.15 billion, compared to the consensus revenue estimate of $1.10 billion. Tetra Tech also updated its FY25 guidance to $1.40-1.50 EPS.

Tetra Tech Stock Performance

Tetra Tech stock traded down $0.91 during mid-day trading on Wednesday, reaching $47.35. The company had a trading volume of 2,599,510 shares, compared to its average volume of 1,406,096. The company has a 50 day moving average of $47.81 and a 200-day moving average of $44.48. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 44.43 and a beta of 0.94. Tetra Tech has a 52 week low of $30.92 and a 52 week high of $51.20. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.52.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TTEK shares. Royal Bank of Canada raised their price objective on shares of Tetra Tech from $46.60 to $51.80 and gave the company an “outperform” rating in a research report on Friday, August 2nd. KeyCorp lifted their price objective on shares of Tetra Tech from $49.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. StockNews.com upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, Robert W. Baird boosted their target price on shares of Tetra Tech from $44.60 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.48.

Insider Buying and Selling at Tetra Tech

In other news, EVP Leslie L. Shoemaker sold 78,420 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total value of $3,615,946.20. Following the completion of the sale, the executive vice president now owns 296,015 shares of the company’s stock, valued at approximately $13,649,251.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Steven M. Burdick sold 36,830 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the completion of the sale, the chief financial officer now owns 112,620 shares of the company’s stock, valued at $5,244,713.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total value of $3,615,946.20. Following the transaction, the executive vice president now directly owns 296,015 shares of the company’s stock, valued at approximately $13,649,251.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,750 shares of company stock worth $5,633,239 over the last ninety days. Insiders own 0.61% of the company’s stock.

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.