Wall Street analysts expect that Tetra Tech, Inc. (NASDAQ:TTEK) will post $515.28 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Tetra Tech’s earnings. The lowest sales estimate is $504.90 million and the highest is $527.65 million. Tetra Tech posted sales of $511.95 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.7%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, May 2nd.

On average, analysts expect that Tetra Tech will report full-year sales of $2.15 billion for the current year, with estimates ranging from $2.11 billion to $2.20 billion. For the next year, analysts forecast that the firm will report sales of $2.24 billion per share, with estimates ranging from $2.20 billion to $2.29 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Tetra Tech.

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Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.12. Tetra Tech had a net margin of 4.83% and a return on equity of 14.26%. The company had revenue of $544.85 million for the quarter, compared to analysts’ expectations of $510.22 million. During the same period in the prior year, the company earned $0.49 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year.

A number of research firms recently weighed in on TTEK. Zacks Investment Research cut shares of Tetra Tech from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. BidaskClub cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Canaccord Genuity reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Tetra Tech in a report on Thursday, February 1st. Stifel Nicolaus increased their price objective on shares of Tetra Tech from $52.00 to $53.00 and gave the stock a “hold” rating in a report on Monday, April 2nd. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Tetra Tech in a report on Thursday, March 15th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $57.00.

Shares of TTEK stock traded up $0.70 during trading hours on Wednesday, reaching $51.70. The stock had a trading volume of 171,023 shares, compared to its average volume of 253,042. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.46. Tetra Tech has a twelve month low of $39.95 and a twelve month high of $53.40. The stock has a market cap of $2,848.39, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.52 and a beta of 0.96.

In related news, SVP Richard A. Lemmon sold 16,750 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $50.03, for a total value of $838,002.50. Following the completion of the transaction, the senior vice president now owns 53,323 shares in the company, valued at approximately $2,667,749.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Dan L. Batrack sold 68,270 shares of the stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $51.62, for a total transaction of $3,524,097.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 164,331 shares of company stock worth $8,343,340. Corporate insiders own 3.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Tetra Tech by 50.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,054 shares of the industrial products company’s stock valued at $147,000 after buying an additional 1,019 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Tetra Tech by 4.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 24,000 shares of the industrial products company’s stock valued at $1,156,000 after buying an additional 1,100 shares in the last quarter. Flinton Capital Management LLC grew its position in Tetra Tech by 18.8% in the 4th quarter. Flinton Capital Management LLC now owns 7,514 shares of the industrial products company’s stock valued at $362,000 after buying an additional 1,190 shares in the last quarter. First Republic Investment Management Inc. grew its position in Tetra Tech by 14.8% in the 3rd quarter. First Republic Investment Management Inc. now owns 9,885 shares of the industrial products company’s stock valued at $460,000 after buying an additional 1,272 shares in the last quarter. Finally, Advisor Group Inc. grew its position in Tetra Tech by 27.6% in the 4th quarter. Advisor Group Inc. now owns 5,952 shares of the industrial products company’s stock valued at $286,000 after buying an additional 1,286 shares in the last quarter. Hedge funds and other institutional investors own 87.35% of the company’s stock.

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Tetra Tech Company Profile

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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Earnings History and Estimates for Tetra Tech (NASDAQ:TTEK)

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