Tetra Tech Inc. (TTEK) Reaches New 12-Month High at $35.58
Shares of Tetra Tech Inc. (NASDAQ:TTEK) reached a new 52-week high during trading on Tuesday . The company traded as high as $35.58 and last traded at $35.50, with a volume of 117,795 shares traded. The stock had previously closed at $35.07.
A number of research firms have commented on TTEK. Canaccord Genuity restated a “buy” rating and set a $37.00 price target on shares of Tetra Tech in a research report on Friday, July 29th. Zacks Investment Research upgraded shares of Tetra Tech from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. Finally, FBR & Co boosted their price target on shares of Tetra Tech from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Friday, July 29th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $32.60.
The company has a 50 day moving average price of $33.31 and a 200-day moving average price of $30.37. The firm has a market cap of $2.04 billion and a price-to-earnings ratio of 99.78.
Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, July 27th. The company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $667 million for the quarter, compared to analyst estimates of $498.79 million. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. Analysts predict that Tetra Tech Inc. will post $1.88 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Friday, August 12th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.36 annualized dividend and a yield of 1.03%.
In other news, SVP Craig L. Christensen sold 16,750 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $30.25, for a total transaction of $506,687.50. Following the completion of the transaction, the senior vice president now directly owns 29,035 shares of the company’s stock, valued at approximately $878,308.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Kenneth Thompson sold 1,675 shares of the firm’s stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $30.87, for a total transaction of $51,707.25. Following the transaction, the director now directly owns 15,355 shares of the company’s stock, valued at $474,008.85. The disclosure for this sale can be found here.
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.