Tetra Tech, Inc. (TTEK) to Issue Quarterly Dividend of $0.07 on June 2nd

Tetra Tech, Inc. (NASDAQ:TTEK) announced a quarterly dividend on Monday, April 27th. Shareholders of record on Thursday, May 14th will be paid a dividend of 0.072 per share by the industrial products company on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, May 14th. This is a 10.8% increase from Tetra Tech’s previous quarterly dividend of $0.07.

Tetra Tech has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 11 consecutive years. Tetra Tech has a payout ratio of 18.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Tetra Tech to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 16.2%.

Tetra Tech Trading Down 2.3%

Shares of TTEK opened at $29.59 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25. Tetra Tech has a 1 year low of $29.43 and a 1 year high of $43.14. The company has a 50 day simple moving average of $31.89 and a two-hundred day simple moving average of $34.04. The firm has a market cap of $7.68 billion, a P/E ratio of 17.72 and a beta of 1.00.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1 billion. During the same period last year, the firm posted $0.33 EPS. The company’s revenue was down 7.7% on a year-over-year basis. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. On average, equities analysts expect that Tetra Tech will post 1.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TTEK. Bfsg LLC bought a new position in shares of Tetra Tech during the 3rd quarter valued at approximately $25,000. Root Financial Partners LLC bought a new position in shares of Tetra Tech during the 3rd quarter valued at approximately $30,000. First Horizon Corp boosted its position in shares of Tetra Tech by 50.4% during the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 295 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Tetra Tech by 63.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 341 shares during the last quarter. Finally, OP Asset Management Ltd bought a new position in shares of Tetra Tech during the 1st quarter valued at approximately $34,000. 93.89% of the stock is currently owned by institutional investors.

About Tetra Tech

Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.

The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.