Tetra Tech, Inc. (TTEK) to Issue Quarterly Dividend of $0.06 on February 26th

Tetra Tech, Inc. (NASDAQ:TTEK) announced a quarterly dividend on Monday, January 27th,Wall Street Journal reports. Investors of record on Wednesday, February 12th will be paid a dividend of 0.058 per share by the industrial products company on Wednesday, February 26th. This represents a $0.23 annualized dividend and a yield of 0.69%. The ex-dividend date is Wednesday, February 12th.

Tetra Tech has increased its dividend payment by an average of 13.6% annually over the last three years. Tetra Tech has a payout ratio of 14.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tetra Tech to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.23 annual dividend with an expected future payout ratio of 14.8%.

Tetra Tech Trading Down 1.1 %

Shares of Tetra Tech stock opened at $33.40 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.25. The stock has a market capitalization of $8.95 billion, a PE ratio of 35.08 and a beta of 0.89. Tetra Tech has a 1-year low of $31.09 and a 1-year high of $51.20. The company’s fifty day simple moving average is $40.00 and its 200-day simple moving average is $43.97.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. As a group, equities analysts anticipate that Tetra Tech will post 1.37 earnings per share for the current year.

Insiders Place Their Bets

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the sale, the director now owns 60,196 shares of the company’s stock, valued at $2,066,528.68. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TTEK shares. Maxim Group downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday. KeyCorp lowered their target price on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Tetra Tech in a report on Friday, November 15th. Finally, Robert W. Baird upped their price objective on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.52.

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.