Tetra Tech Inc. (TTEK) Hits New 12-Month High at $35.58
Shares of Tetra Tech Inc. (NASDAQ:TTEK) hit 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 trading hands. The stock had previously closed at $35.07.
TTEK has been the subject of a number of recent research reports. Zacks Investment Research raised Tetra Tech from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Canaccord Genuity upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research note on Tuesday, May 31st. Finally, FBR & Co boosted their target price on Tetra Tech from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Friday, July 29th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Tetra Tech presently has an average rating of “Hold” and a consensus price target of $32.60.
The firm has a market capitalization of $2.03 billion and a price-to-earnings ratio of 99.16. The stock’s 50 day moving average is $33.53 and its 200-day moving average is $30.48.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.50 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. During the same quarter in the prior year, the business earned $0.43 EPS. The business had revenue of $667 million for the quarter, compared to analysts’ expectations of $498.79 million. The company’s revenue was up 16.0% compared to the same quarter last year. Equities research analysts anticipate that Tetra Tech Inc. will post $1.88 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Friday, August 12th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Wednesday, August 10th.
In other Tetra Tech news, CEO Dan L. Batrack sold 50,000 shares of Tetra Tech stock in a transaction on Friday, June 10th. The shares were sold at an average price of $30.88, for a total value of $1,544,000.00. Following the sale, the chief executive officer now directly owns 245,390 shares in the company, valued at approximately $7,577,643.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Craig L. Christensen sold 16,750 shares of Tetra Tech stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $35.00, for a total transaction of $586,250.00. Following the completion of the sale, the senior vice president now owns 45,891 shares in the company, valued at $1,606,185. 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.
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