Tetra Tech (NASDAQ:TTEK) Issues Quarterly Earnings Results

Tetra Tech (NASDAQ:TTEK) issued its quarterly earnings data on Wednesday. The industrial products company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04, Zacks reports. Tetra Tech had a net margin of 4.55% and a return on equity of 25.79%. Tetra Tech updated its Q2 2026 guidance to 0.300-0.330 EPS and its FY 2026 guidance to 1.460-1.560 EPS.

Tetra Tech Trading Down 0.6%

Shares of NASDAQ:TTEK traded down $0.23 on Wednesday, hitting $37.10. 2,679,391 shares of the company’s stock were exchanged, compared to its average volume of 2,032,621. The business’s 50 day simple moving average is $34.94 and its two-hundred day simple moving average is $35.13. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 39.89 and a beta of 0.90. Tetra Tech has a 12 month low of $27.27 and a 12 month high of $38.78.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Monday, December 1st were issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, December 1st. Tetra Tech’s dividend payout ratio is presently 27.96%.

Hedge Funds Weigh In On Tetra Tech

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC acquired a new stake in Tetra Tech during the fourth quarter worth about $225,000. AQR Capital Management LLC increased its stake in Tetra Tech by 451.6% during the 1st quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock worth $4,204,000 after buying an additional 118,774 shares during the period. Goldman Sachs Group Inc. raised its holdings in Tetra Tech by 136.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock valued at $48,507,000 after acquiring an additional 957,050 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 751 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Tetra Tech by 754.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 1,638 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TTEK has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, January 21st. Robert W. Baird raised their target price on Tetra Tech from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. National Bank Financial assumed coverage on Tetra Tech in a research note on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price target on the stock. Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a research report on Sunday, November 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $48.00 price objective (up previously from $47.00) on shares of Tetra Tech in a research note on Friday, November 14th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Tetra Tech has a consensus rating of “Moderate Buy” and a consensus target price of $42.20.

Tetra Tech Company Profile

Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.

The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.