Tetra Tech, Inc. (NASDAQ:TTEK) Given Average Rating of "Hold" by Analysts

Key Points

• Tetra Tech, Inc. has been rated with an average recommendation of "Hold" by analysts, with three hold ratings and two buy ratings among five rating firms.
• The company's stock price has a 12-month price objective averaging $41.00, with recent analyst ratings suggesting potential increases to $43.00 and $47.00.
• Tetra Tech reported earnings of $0.43 per share for the last quarter, exceeding estimates, while total revenue for the quarter was $1.15 billion, marking a 1.9% year-over-year increase.

Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report) has received an average rating of "Hold" from the five ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $41.00.

TTEK has been the subject of several recent research reports. Wall Street Zen raised Tetra Tech from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Royal Bank Of Canada set a $47.00 price objective on Tetra Tech and gave the stock an "outperform" rating in a report on Monday. KeyCorp lifted their price objective on Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Northcoast Research reissued a "neutral" rating on shares of Tetra Tech in a report on Wednesday.

Tetra Tech Stock Performance

Shares of Tetra Tech stock traded down $0.28 during trading hours on Wednesday, hitting $33.10. 589,288 shares of the company's stock traded hands, compared to its average volume of 2,383,418. Tetra Tech has a 12-month low of $27.27 and a 12-month high of $51.20. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 41.37 and a beta of 0.93. The company has a fifty day simple moving average of $36.16 and a 200-day simple moving average of $34.34. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the firm posted $1.59 EPS. The business's revenue was up 1.9% compared to the same quarter last year. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. Equities research analysts anticipate that Tetra Tech will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.065 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.26 annualized dividend and a yield of 0.8%. Tetra Tech's dividend payout ratio (DPR) is currently 32.50%.

Insider Buying and Selling

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $36.00, for a total value of $86,040.00. Following the completion of the transaction, the director owned 37,725 shares in the company, valued at $1,358,100. This trade represents a 5.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TTEK. Brighton Jones LLC bought a new stake in shares of Tetra Tech during the 4th quarter valued at about $225,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Tetra Tech by 734.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,685 shares of the industrial products company's stock valued at $49,000 after acquiring an additional 1,483 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Tetra Tech by 334.7% during the 1st quarter. Versant Capital Management Inc now owns 3,278 shares of the industrial products company's stock valued at $96,000 after acquiring an additional 2,524 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Tetra Tech by 2,784.2% during the 1st quarter. GAMMA Investing LLC now owns 86,814 shares of the industrial products company's stock valued at $2,539,000 after buying an additional 83,804 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Tetra Tech by 188.3% during the 1st quarter. Parallel Advisors LLC now owns 3,177 shares of the industrial products company's stock valued at $93,000 after buying an additional 2,075 shares in the last quarter. Institutional investors own 93.89% of the company's stock.

About Tetra Tech

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.

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