Equities analysts expect that Tetra Tech (NASDAQ:TTEK) will report $515.28 million in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Tetra Tech’s earnings, with estimates ranging from $504.90 million to $527.65 million. Tetra Tech reported sales of $511.95 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.7%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, May 2nd.

On average, analysts expect that Tetra Tech will report full year sales of $2.15 billion for the current year, with estimates ranging from $2.11 billion to $2.20 billion. For the next fiscal year, analysts expect that the company will post sales of $2.24 billion per share, with estimates ranging from $2.20 billion to $2.29 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover Tetra Tech.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.12. The business had revenue of $544.85 million for the quarter, compared to the consensus estimate of $510.22 million. Tetra Tech had a net margin of 4.83% and a return on equity of 14.26%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS.

A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research downgraded shares of Tetra Tech from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Stifel Nicolaus upped their target price on shares of Tetra Tech from $52.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, April 2nd. Boenning Scattergood reaffirmed a “buy” rating and issued a $65.00 target price on shares of Tetra Tech in a research report on Thursday, March 15th. Finally, ValuEngine raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $57.00.

In related news, Chairman Dan L. Batrack sold 68,270 shares of the stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $51.62, for a total transaction of $3,524,097.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Richard A. Lemmon sold 15,089 shares of the stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $51.09, for a total transaction of $770,897.01. Following the sale, the senior vice president now directly owns 51,785 shares in the company, valued at $2,645,695.65. The disclosure for this sale can be found here. Insiders sold a total of 164,331 shares of company stock worth $8,343,340 over the last ninety days. Insiders own 3.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Tetra Tech by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,054 shares of the industrial products company’s stock valued at $147,000 after purchasing an additional 1,019 shares during the last quarter. Deutsche Bank AG grew its position in Tetra Tech by 28.9% during the 4th quarter. Deutsche Bank AG now owns 437,152 shares of the industrial products company’s stock valued at $21,045,000 after purchasing an additional 98,088 shares during the last quarter. Wells Fargo & Company MN grew its position in Tetra Tech by 12.3% during the 4th quarter. Wells Fargo & Company MN now owns 357,520 shares of the industrial products company’s stock valued at $17,214,000 after purchasing an additional 39,037 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Tetra Tech by 54.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 172,344 shares of the industrial products company’s stock valued at $8,298,000 after purchasing an additional 60,787 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in Tetra Tech by 10.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 80,861 shares of the industrial products company’s stock valued at $3,893,000 after purchasing an additional 7,361 shares during the last quarter. 87.37% of the stock is currently owned by institutional investors.

NASDAQ:TTEK opened at $50.40 on Friday. The stock has a market capitalization of $2,842.81, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.46. Tetra Tech has a 1-year low of $39.95 and a 1-year high of $53.40.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through two segments, Water, Environment and Infrastructure (WEI); and Resource Management and Energy (RME). The WEI segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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.

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Earnings History and Estimates for Tetra Tech (NASDAQ:TTEK)

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