Tetra Tech (TTEK) to Release Earnings on Wednesday

Tetra Tech (NASDAQ:TTEK) will post its quarterly earnings results after the market closes on Wednesday, November 13th. Analysts expect Tetra Tech to post earnings of $0.37 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Tetra Tech Stock Up 2.8 %

Shares of Tetra Tech stock opened at $48.12 on Tuesday. The stock has a market capitalization of $12.88 billion, a P/E ratio of 44.47 and a beta of 0.94. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average price of $47.80 and a two-hundred day moving average price of $44.41. Tetra Tech has a 12-month low of $30.52 and a 12-month high of $51.20.

Insider Buying and Selling at Tetra Tech

In other news, Director Kimberly E. Ritrievi sold 6,500 shares of Tetra Tech stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total transaction of $302,120.00. Following the completion of the transaction, the director now directly owns 143,200 shares in the company, valued at approximately $6,655,936. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Kimberly E. Ritrievi sold 6,500 shares of Tetra Tech stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total transaction of $302,120.00. Following the completion of the transaction, the director now directly owns 143,200 shares in the company, valued at approximately $6,655,936. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total value of $3,615,946.20. Following the completion of the sale, the executive vice president now owns 296,015 shares of the company’s stock, valued at $13,649,251.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,750 shares of company stock worth $5,633,239 over the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TTEK shares. Royal Bank of Canada upped their price target on Tetra Tech from $46.60 to $51.80 and gave the stock an “outperform” rating in a report on Friday, August 2nd. KeyCorp upped their price target on Tetra Tech from $49.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Robert W. Baird upped their target price on Tetra Tech from $44.60 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, StockNews.com upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $50.48.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.