Tetra Tech Company Profile (NASDAQ:TTEK)

Tetra Tech trades on the NASDAQ under the ticker symbol "TTEK."

Tetra Tech declared a quarterly dividend on Thursday, August 3rd. Stockholders of record on Thursday, August 17th will be given a dividend of $0.10 per share on Friday, September 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Tuesday, August 15th. View Tetra Tech's Dividend History.

Tetra Tech, Inc. (NASDAQ:TTEK) posted its earnings results on Wednesday, August, 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.54 by $0.01. The company had revenue of $498.47 million for the quarter, compared to the consensus estimate of $535.18 million. Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The company's revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 earnings per share. View Tetra Tech's Earnings History.

Tetra Tech is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Tetra Tech.

Tetra Tech updated its FY17 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $2.10-2.12 for the period, compared to the Thomson Reuters consensus estimate of $2.22. The company issued revenue guidance of $2.0-2.2 billion, compared to the consensus revenue estimate of $2.10 billion.Tetra Tech also updated its Q4 guidance to $0.60-0.62 EPS.

7 analysts have issued 1-year target prices for Tetra Tech's shares. Their forecasts range from $35.00 to $58.00. On average, they expect Tetra Tech's share price to reach $49.29 in the next year. View Analyst Ratings for Tetra Tech.

Here are some recent quotes from research analysts about Tetra Tech stock:

• 1. Canaccord Genuity analysts commented, "Date and time of first dissemination: August 09, 2017, 16:57 ET Date and time of production: August 09, 2017, 16:57 ET Target Price / Valuation Methodology: Tetra Tech – TTEK Our $52 price target is based on an EV/EBITDA multiple of 12x our 2018 estimate. Risks to achieving Target Price / Valuation: Tetra Tech – TTEK Risks to our TTEK thesis include: potential adverse regulatory changes, foreign currency translation challenges, slower than expected conversion of backlog opportunities, and the failure to successfully integrate acquired businesses. Distribution of Ratings: Global Stock Ratings (as of 08/09/17) Rating Coverage Universe IB Clients # % % Buy 593 60.76% 40.30% Hold 280 28.69% 22.86% Sell 25 2.56% 12.00% Speculative Buy 78 7.99% 73.08% 976* 100.0% *Total includes stocks that are Under Review Canaccord Genuity Ratings System BUY: The stock is expected to generate risk-adjusted returns of over 10% during the next 12 months. HOLD: The stock is expected to generate risk-adjusted returns of 0-10% during the next 12 months. SELL: The stock is expected to generate negative risk-adjusted returns during the next 12 months. NOT RATED: Canaccord Genuity does not provide research coverage of the relevant issuer." (8/4/2017)
• 2. According to Zacks Investment Research, "Over the past six months, Tetra Tech’s shares have charted a strong upward trajectory, outperforming the Zacks categorized Pollution Control Equipment and Services industry’s average return. Tetra Tech’s robust financial health, strong backlog levels and diligent capital deployment strategies signal brighter days ahead. The company is enjoying steady top-line growth and improved operating efficiency resulting from cost-management initiatives. Going forward, Tetra Tech remains bullish about its growth across all client sectors. However, softness in the domestic oil and gas segment and general economic conditions may weigh down on the company’s financials, going forward. This apart, the cyclical nature of the key markets served by the company poses a sustained threat to stable growth of the company. Decreased consumer confidence and stringent competition may also add to the company’s woes." (7/10/2017)
• 3. Stifel Nicolaus analysts commented, "TTEK reported 1Q17 ongoing EPS of $0.49, exceeding our estimate and the consensus of $0.47. Core profitability was in-line with expectations. Highlights of the quarter included 24% organic growth in State and Local, 15% organic growth in core Federal, and record backlog. We anticipate continued strength in these end markets. TTEK shares fell 5%+ (vs a flat S&P 500) following the report and partially recovered Friday with a 3.6% increase (vs a 0.7% increase in the S&P 500). We believe these moves may reflect some skittishness around the prospects of a large Federal Infrastructure bill moving forward in the next year. We are raising our ongoing adjusted EPS estimates slightly to $0.44 (from $0.43) in 2Q17, and $2.16 (from $2.14) for the full year. While we anticipate continued strength in TTEK's core business and see the company as a key beneficiary of potential infrastructure spending, we maintain our Hold rating on concerns that shares will be somewhat range bound until clarity emerges on the Federal government's plans" (2/6/2017)

Tetra Tech saw a increase in short interest during the month of August. As of August 15th, there was short interest totalling 913,863 shares, an increase of 46.6% from the July 31st total of 623,254 shares. Based on an average trading volume of 439,425 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.6% of the shares of the stock are sold short.

Some companies that are related to Tetra Tech include Sonoco Products Company (SON), Bemis Company (BMS), MSC Industrial Direct Company (MSM), Graphic Packaging Holding Company (GPK), Terex Corporation (TEX), Owens-Illinois (OI), Timken Company (The) (TKR), Barnes Group (B), Regal Beloit Corporation (RBC), Valmont Industries (VMI), Belden (BDC), Worthington Industries (WOR), Silgan Holdings (SLGN), Manitowoc Food Service (WBT), Kennametal (KMT), Aggreko PLC (ARGKF), Cimpress N.V (CMPR) and John Bean Technologies Corporation (JBT).

Tetra Tech's management team includes the folowing people:

• Dan L. Batrack, Chairman of the Board, President, Chief Executive Officer
• Steven M. Burdick, Chief Financial Officer, Executive Vice President, Treasurer
• Ronald J. Chu, Executive Vice President, President - Technical Support Services
• Leslie L. Shoemaker, Executive Vice President, President - Water, Environment and Infrastructure (WEI)
• Brian N. Carter, Senior Vice President, Chief Accounting Officer, Corporate Controller
• Craig L. Christensen, Senior Vice President, Chief Information Officer
• Janis B. Salin, Senior Vice President, General Counsel, Secretary
• Kevin P. McDonald, Senior Vice President - Corporate Human Resources
• William R. Brownlie, Senior Vice President, Chief Engineer and Corporate Risk Management Officer
• Richard A. Lemmon, Senior Vice President - Corporate Administration

Tetra Tech's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.71%), Vanguard Group Inc. (9.16%), Dimensional Fund Advisors LP (5.22%), State Street Corp (2.66%), Rice Hall James & Associates LLC (2.20%) and KAMES CAPITAL plc (1.95%). Company insiders that own Tetra Tech stock include Albert E Smith, Brian N Carter, Craig L Christensen, Dan L Batrack, Hugh M Grant, J Christopher Lewis, J Kenneth Thompson, James R Pagenkopf, Janis B Salin, Kevin P Mcdonald, Leslie L Shoemaker, Patrick C Haden, Richard A Lemmon, Richard H Truly, Ronald J Chu, Steven M Burdick and William R Brownlie. View Institutional Ownership Trends for Tetra Tech.

Tetra Tech's stock was sold by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., BlackRock Inc., Denver Investment Advisors LLC, Royal Bank of Canada, Dimensional Fund Advisors LP, Rainier Investment Management LLC, Parametric Portfolio Associates LLC and JPMorgan Chase & Co.. Company insiders that have sold Tetra Tech stock in the last year include Albert E Smith, Brian N Carter, Dan L Batrack, Hugh M Grant, J Christopher Lewis, Kevin P Mcdonald, Leslie L Shoemaker, Richard A Lemmon, Richard H Truly, Ronald J Chu, Steven M Burdick and William R Brownlie. View Insider Buying and Selling for Tetra Tech.

Tetra Tech's stock was acquired by a variety of institutional investors in the last quarter, including Koch Industries Inc., Premier Asset Management LLC, PDT Partners LLC, Janus Henderson Group PLC, Rice Hall James & Associates LLC, Alliancebernstein L.P., TIAA CREF Investment Management LLC and AHL Partners LLP. View Insider Buying and Selling for Tetra Tech.

Shares of Tetra Tech can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Tetra Tech stock can currently be purchased for approximately $43.80.