News stories about Tetra Tech (NASDAQ:TTEK) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tetra Tech earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.368485804855 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Tetra Tech (NASDAQ TTEK) opened at 40.45 on Friday. The company has a market cap of $2.29 billion, a P/E ratio of 20.50 and a beta of 1.03. The stock’s 50 day moving average is $44.78 and its 200 day moving average is $43.48. Tetra Tech has a 1-year low of $33.55 and a 1-year high of $48.35.
Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.01. The company had revenue of $498.47 million for the quarter, compared to analysts’ expectations of $535.18 million. Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 EPS. On average, analysts predict that Tetra Tech will post $2.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 17th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.99%. Tetra Tech’s payout ratio is currently 20.30%.
A number of research analysts have recently weighed in on the company. Sidoti restated a “buy” rating and set a $58.00 price objective (up previously from $55.00) on shares of Tetra Tech in a research report on Sunday, May 14th. Zacks Investment Research lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Roth Capital set a $52.00 price target on Tetra Tech and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Finally, Canaccord Genuity reissued a “buy” rating and issued a $52.00 price objective on shares of Tetra Tech in a research note on Wednesday, June 7th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Tetra Tech presently has an average rating of “Hold” and an average target price of $49.75.
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In other Tetra Tech news, CFO Steven M. Burdick sold 16,750 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $44.87, for a total transaction of $751,572.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.80% of the company’s stock.
Tetra Tech Company Profile
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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