Tetra Tech (NASDAQ:TTEK) Issues Earnings Results

Tetra Tech (NASDAQ:TTEKGet Free Report) issued its quarterly earnings data on Wednesday. The industrial products company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02, Zacks reports. Tetra Tech had a net margin of 8.60% and a return on equity of 22.39%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm earned $0.43 EPS. The company’s revenue was down 4.4% compared to the same quarter last year. Tetra Tech updated its Q4 2026 guidance to 0.450-0.480 EPS and its FY 2026 guidance to 1.560-1.590 EPS.

Tetra Tech Stock Performance

Shares of NASDAQ:TTEK traded up $0.12 during trading on Friday, reaching $32.57. The company had a trading volume of 326,300 shares, compared to its average volume of 3,175,579. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s fifty day moving average price is $29.41 and its 200 day moving average price is $32.05. Tetra Tech has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 19.64 and a beta of 0.92.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a $0.072 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.9%. Tetra Tech’s payout ratio is presently 17.37%.

Insider Buying and Selling

In other news, Director Jeffrey R. Feeler bought 1,900 shares of Tetra Tech stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the purchase, the director owned 1,900 shares of the company’s stock, valued at approximately $50,179. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Tetra Tech

A number of hedge funds have recently added to or reduced their stakes in TTEK. Corient Private Wealth LLC raised its stake in shares of Tetra Tech by 84.9% during the 2nd quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock worth $147,095,000 after buying an additional 1,847,087 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Tetra Tech by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,676,680 shares of the industrial products company’s stock worth $123,322,000 after acquiring an additional 83,419 shares during the period. AQR Capital Management LLC lifted its holdings in Tetra Tech by 351.6% in the fourth quarter. AQR Capital Management LLC now owns 2,875,372 shares of the industrial products company’s stock valued at $96,440,000 after acquiring an additional 2,238,721 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Tetra Tech by 5.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,536,018 shares of the industrial products company’s stock worth $84,652,000 after purchasing an additional 139,037 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Tetra Tech by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,158,990 shares of the industrial products company’s stock valued at $72,413,000 after purchasing an additional 27,576 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Royal Bank Of Canada cut their price target on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. National Bank Financial cut 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. Robert W. Baird set a $37.00 price target on Tetra Tech in a research note on Thursday. Wall Street Zen lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings downgraded Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Tetra Tech presently has an average rating of “Moderate Buy” and a consensus price target of $39.20.

Read Our Latest Stock Analysis on Tetra Tech

About Tetra Tech

(Get Free Report)

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.

See Also

Earnings History for Tetra Tech (NASDAQ:TTEK)

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