Tetra Tech (NASDAQ:TTEK – Get Free Report) issued its quarterly earnings results on Wednesday. The industrial products company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13, Briefing.com reports. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Tetra Tech had a net margin of 5.36% and a return on equity of 21.16%. Tetra Tech’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 earnings per share.
Tetra Tech Stock Up 1.7 %
TTEK traded up $3.49 during midday trading on Friday, hitting $207.75. The company had a trading volume of 402,949 shares, compared to its average volume of 308,899. Tetra Tech has a 52 week low of $132.29 and a 52 week high of $208.76. The company has a quick ratio of 1.25, a current ratio of 1.24 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 42.05 and a beta of 0.93. The stock’s 50 day moving average price is $186.65 and its 200 day moving average price is $171.64.
Tetra Tech Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 20th will be paid a $0.29 dividend. This is an increase from Tetra Tech’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, May 17th. Tetra Tech’s payout ratio is 21.05%.
Wall Street Analyst Weigh In
View Our Latest Research Report on Tetra Tech
Insider Transactions at Tetra Tech
In other news, CFO Steven M. Burdick sold 7,515 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total transaction of $1,320,160.05. Following the completion of the sale, the chief financial officer now directly owns 29,890 shares of the company’s stock, valued at $5,250,776.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Tetra Tech news, CFO Steven M. Burdick sold 7,515 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total value of $1,320,160.05. Following the transaction, the chief financial officer now directly owns 29,890 shares in the company, valued at $5,250,776.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Steven M. Burdick sold 7,128 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $165.01, for a total transaction of $1,176,191.28. Following the completion of the transaction, the chief financial officer now owns 37,405 shares in the company, valued at $6,172,199.05. The disclosure for this sale can be found here. Insiders sold a total of 32,123 shares of company stock valued at $5,487,673 over the last three months. Corporate insiders own 0.61% of the company’s stock.
About Tetra Tech
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.
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