Tetra Tech, Inc. (NASDAQ:TTEK) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Tetra Tech has a “Moderate Buy” consensus rating: Three of five covering brokerages recommend buying the stock, while two rate it a hold. The average 1-year price target is $38.25.
• The company beat quarterly expectations with EPS of $0.42 versus $0.40 expected and revenue of $1.31 billion, though revenue declined 4.4% year over year. Analysts forecast full-year EPS of $1.58.
• Tetra Tech declared a quarterly dividend of $0.072 per share, representing an annualized dividend of $0.29 and a 0.8% yield; institutional investors own 93.89% of the stock.

Shares of Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report) have been given an average rating of "Moderate Buy" by the five brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $38.25.

A number of brokerages have issued reports on TTEK. Royal Bank Of Canada lowered their target price on shares of Tetra Tech from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Wednesday, July 22nd. National Bank Financial cut their price target on Tetra Tech from $38.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, July 13th. Robert W. Baird set a $37.00 price target on Tetra Tech in a research report on Thursday, July 30th. Wall Street Zen lowered Tetra Tech from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Weiss Ratings raised Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $37.00 on Friday. The firm has a market capitalization of $9.47 billion, a PE ratio of 22.29 and a beta of 0.90. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average price of $31.86 and a two-hundred day moving average price of $31.91. Tetra Tech has a twelve month low of $25.81 and a twelve month high of $43.14.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The company's quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. Equities analysts forecast that Tetra Tech will post 1.58 EPS for the current year.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.072 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.29 annualized dividend and a dividend yield of 0.8%. Tetra Tech's dividend payout ratio is currently 17.47%.

Hedge Funds Weigh In On Tetra Tech

A number of large investors have recently modified their holdings of TTEK. First Horizon Corp grew its stake in Tetra Tech by 50.4% during the fourth 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 in the last quarter. CIBC Private Wealth Group LLC lifted its stake in Tetra Tech by 63.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company's stock worth $30,000 after purchasing an additional 341 shares in the last quarter. OP Asset Management Ltd bought a new position in Tetra Tech in the 1st quarter valued at $34,000. Evelyn Partners Investment Management Services Ltd bought a new position in Tetra Tech in the 1st quarter valued at $35,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 751 shares in the last quarter. 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.

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