Tetra Tech, Inc. (NASDAQ:TTEK) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Tetra Tech, Inc. (NASDAQ:TTEKGet Free Report) have received an average rating of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $38.25.

Several brokerages have recently commented on TTEK. Wall Street Zen lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Royal Bank Of Canada dropped their price objective on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Robert W. Baird set a $37.00 price objective on Tetra Tech in a report on Thursday, July 30th. National Bank Financial decreased their target price on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Finally, Weiss Ratings raised Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th.

View Our Latest Report on TTEK

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $35.69 on Wednesday. The firm’s fifty day simple moving average is $34.70 and its 200-day simple moving average is $31.70. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The stock has a market cap of $9.14 billion, a PE ratio of 21.50 and a beta of 0.90. Tetra Tech has a fifty-two week low of $25.81 and a fifty-two week high of $43.14.

Tetra Tech (NASDAQ:TTEKGet Free Report) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The firm’s revenue was down 4.4% on a year-over-year basis. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. Analysts expect that Tetra Tech will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were issued a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, August 13th. Tetra Tech’s dividend payout ratio (DPR) is 17.47%.

Institutional Trading of Tetra Tech

Several institutional investors and hedge funds have recently modified their holdings of TTEK. Norges Bank acquired a new stake in Tetra Tech during the 4th quarter valued at $115,162,000. Energy Income Partners LLC acquired a new position in shares of Tetra Tech in the second quarter worth $68,512,000. Bank of America Corp DE acquired a new position in shares of Tetra Tech in the second quarter worth $57,135,000. Capital International Investors lifted its position in shares of Tetra Tech by 27.4% in the fourth quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock valued at $302,416,000 after acquiring an additional 1,936,902 shares in the last quarter. Finally, Corient Private Wealth LP acquired a new stake in shares of Tetra Tech during the second quarter valued at $44,964,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Company Profile

(Get Free Report)

Tetra Tech, Inc (NASDAQ:TTEK) is a consulting and engineering services company that helps government and commercial clients address challenges involving water, the environment, infrastructure, energy and natural resources. Its services include planning, design, engineering, program and construction management, scientific consulting, data analysis and technology solutions.

The company works on projects such as water supply and treatment, environmental restoration, climate resilience, sustainable infrastructure, renewable energy, transportation and national security.

Further Reading

Analyst Recommendations for Tetra Tech (NASDAQ:TTEK)

Receive News & Ratings for Tetra Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Tech and related companies with MarketBeat.com's FREE daily email newsletter.