Tetra Tech, Inc. (NASDAQ:TTEK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $41.00.

TTEK has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research report on Monday, April 20th. Robert W. Baird set a $35.00 target price on shares of Tetra Tech in a research report on Thursday, April 30th.

Institutional Investors Weigh In On Tetra Tech

Hedge funds have recently modified their holdings of the company. Bfsg LLC purchased a new stake in shares of Tetra Tech in the third quarter valued at about $25,000. First Horizon Corp grew its holdings in shares of Tetra Tech by 50.4% in the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 295 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Tetra Tech by 63.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 341 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Tetra Tech in the third quarter valued at about $30,000. Finally, OP Asset Management Ltd purchased a new stake in shares of Tetra Tech in the first quarter valued at about $34,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Price Performance

Shares of NASDAQ TTEK opened at $27.06 on Thursday. The firm has a 50-day simple moving average of $31.56 and a 200-day simple moving average of $33.97. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 16.20 and a beta of 1.00. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.47. Tetra Tech has a 52 week low of $26.45 and a 52 week high of $43.14.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1 billion. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. 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 predict that Tetra Tech will post 1.53 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th will be issued a $0.072 dividend. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, May 14th. Tetra Tech’s payout ratio is currently 16.77%.

Tetra Tech Company Profile

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.