Tetra Tech (NASDAQ:TTEK) Getting Somewhat Favorable News Coverage, Study Shows
News headlines about Tetra Tech (NASDAQ:TTEK) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tetra Tech earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 45.6140006702865 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- How Does TETRA Technologies, Inc. (TTI) Stack Up Right Now? (fishinghd.com)
- Tetra Tech (NASDAQ:TTEK) Given Daily Media Sentiment Rating of 0.13 (ismboard.com)
- Of Nevada Inc. Has $114000 Position in Tetra Tech, Inc. (TTEK) (vothemes.com)
- Tetra Tech, Inc. (NASDAQ:TTEK) Buckles Under The Trend Lines (campdesrecrues.com)
- Ex-Dividend Reminder: Tetra Tech, Chemours and Grace (nasdaq.com)
Tetra Tech (NASDAQ TTEK) traded up 2.45% during mid-day trading on Friday, reaching $41.80. 351,335 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $45.50 and its 200-day moving average price is $43.58. The company has a market capitalization of $2.36 billion, a P/E ratio of 21.19 and a beta of 1.03. Tetra Tech has a 52 week low of $33.55 and a 52 week high of $48.35.
Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The business had revenue of $498.47 million for the quarter, compared to analysts’ expectations of $535.18 million. Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 earnings per share. On average, equities research analysts expect that Tetra Tech will post $2.11 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Tuesday, August 15th. Tetra Tech’s dividend payout ratio (DPR) is currently 20.30%.
Several analysts recently weighed in on TTEK shares. BidaskClub cut shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $50.00 target price on shares of Tetra Tech in a report on Friday, July 7th. Zacks Investment Research cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 target price on shares of Tetra Tech in a report on Wednesday, June 7th. Finally, Sidoti reissued a “buy” rating and set a $58.00 price objective (up previously from $55.00) on shares of Tetra Tech in a report on Sunday, May 14th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Tetra Tech presently has a consensus rating of “Hold” and a consensus target price of $49.75.
In related news, CFO Steven M. Burdick sold 16,750 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $44.87, for a total transaction of $751,572.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 3.80% of the company’s stock.
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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