News articles about Tetra Tech (NASDAQ:TTEK) have been trending somewhat positive this week, according to Accern. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, 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 news articles about the industrial products company an impact score of 47.2857496464914 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of brokerages have commented on TTEK. Boenning Scattergood reiterated an “outperform” rating on shares of Tetra Tech in a research report on Tuesday, September 5th. Roth Capital set a $52.00 price target on shares of Tetra Tech and gave the company a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Robert W. Baird reiterated a “hold” rating and set a $47.00 price target on shares of Tetra Tech in a research report on Tuesday, September 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $47.00 price target on shares of Tetra Tech in a research report on Thursday, September 7th. One equities research 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. The company has a consensus rating of “Hold” and a consensus target price of $52.29.
Shares of Tetra Tech (NASDAQ:TTEK) traded up $1.45 during trading on Tuesday, hitting $50.00. 342,979 shares of the stock traded hands, compared to its average volume of 345,227. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.94 and a quick ratio of 1.97. Tetra Tech has a 1 year low of $38.85 and a 1 year high of $50.15. The company has a market capitalization of $2,790.00, a PE ratio of 22.51, a price-to-earnings-growth ratio of 1.53 and a beta of 1.08.
Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $517.90 million. During the same quarter last year, the business earned $0.59 earnings per share. The business’s revenue was up .4% on a year-over-year basis. analysts forecast that Tetra Tech will post 2.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Wednesday, November 29th. Tetra Tech’s dividend payout ratio is 19.61%.
In other news, insider Ronald J. Chu sold 696 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $50.00, for a total value of $34,800.00. Following the transaction, the insider now owns 37,800 shares in the company, valued at $1,890,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ronald J. Chu sold 42,395 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $50.00, for a total transaction of $2,119,750.00. Following the completion of the transaction, the executive vice president now owns 58,624 shares in the company, valued at approximately $2,931,200. The disclosure for this sale can be found here. Insiders sold 57,203 shares of company stock worth $2,860,150 in the last 90 days. Company insiders own 4.00% of the company’s stock.
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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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