Tetra Tech (TTEK) Scheduled to Post Earnings on Wednesday

Tetra Tech (NASDAQ:TTEK) is set to post its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Tetra Tech to post earnings of $1.53 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. Tetra Tech had a return on equity of 21.16% and a net margin of 5.36%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm posted $1.17 earnings per share. The firm’s revenue was down 9.5% on a year-over-year basis. 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 Stock Performance

Shares of TTEK stock opened at $212.35 on Tuesday. The stock has a fifty day moving average of $208.06 and a 200 day moving average of $192.21. Tetra Tech has a 52 week low of $143.35 and a 52 week high of $221.40. The firm has a market capitalization of $11.36 billion, a price-to-earnings ratio of 42.99 and a beta of 0.94. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.60.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

TTEK has been the subject of several recent research reports. StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Royal Bank of Canada restated an “outperform” rating and set a $233.00 target price on shares of Tetra Tech in a report on Tuesday, July 9th. Maxim Group boosted their target price on shares of Tetra Tech from $234.00 to $268.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Robert W. Baird boosted their target price on shares of Tetra Tech from $200.00 to $223.00 and gave the company a “neutral” rating in a report on Wednesday, May 15th. Finally, KeyCorp boosted their target price on shares of Tetra Tech from $231.00 to $234.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.