Tetra Technologies, Inc. (NYSE:TTI) Set to Announce Quarterly Earnings on Wednesday
Tetra Technologies, Inc. (NYSE:TTI) will be issuing its quarterly earnings data before the market opens on Wednesday, August 9th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.
Tetra Technologies (NYSE:TTI) last announced its quarterly earnings results on Wednesday, May 10th. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. The business had revenue of $168 million for the quarter, compared to analyst estimates of $168.64 million. Tetra Technologies had a negative return on equity of 11.46% and a negative net margin of 10.90%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.16) earnings per share. On average, analysts expect Tetra Technologies to post $-0.17 EPS for the current fiscal year and $0.07 EPS for the next fiscal year.
Tetra Technologies, Inc. (NYSE:TTI) opened at 2.50 on Tuesday. Tetra Technologies, Inc. has a one year low of $2.49 and a one year high of $6.77. The firm has a 50-day moving average price of $2.85 and a 200 day moving average price of $3.67. The company’s market cap is $289.88 million.
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A number of research analysts have weighed in on TTI shares. Simmons upped their target price on Tetra Technologies from $4.80 to $7.00 and gave the stock an “overweight” rating in a report on Tuesday, April 11th. Morgan Stanley reduced their target price on Tetra Technologies from $5.50 to $4.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 21st. Credit Suisse Group upgraded Tetra Technologies from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $5.00 to $5.50 in a report on Tuesday, April 11th. BidaskClub downgraded Tetra Technologies from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Johnson Rice upgraded Tetra Technologies from an “accumulate” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Thursday, April 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $5.90.
Tetra Technologies Company Profile
TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.
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