Tetra Tech (NASDAQ:TTEK) Updates FY25 Earnings Guidance

Tetra Tech (NASDAQ:TTEK) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.40-1.50 for the period, compared to the consensus earnings per share estimate of $1.50. The company issued revenue guidance of $4.565-4.765 billion, compared to the consensus revenue estimate of $4.67 billion. Tetra Tech also updated its FY 2025 guidance to 1.400-1.500 EPS.

Tetra Tech Trading Down 1.9 %

NASDAQ:TTEK opened at $47.35 on Thursday. The company has a fifty day moving average of $47.82 and a 200 day moving average of $44.55. Tetra Tech has a 52 week low of $30.92 and a 52 week high of $51.20. 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 firm has a market capitalization of $12.67 billion, a P/E ratio of 43.76 and a beta of 0.94.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Tetra Tech from $46.60 to $51.80 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Robert W. Baird boosted their price objective on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday. KeyCorp boosted their price objective on shares of Tetra Tech from $49.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, StockNews.com raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.68.

Insider Transactions at Tetra Tech

In other news, EVP Leslie L. Shoemaker sold 78,420 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 296,015 shares of the company’s stock, valued at $13,649,251.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Leslie L. Shoemaker sold 78,420 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 296,015 shares in the company, valued at $13,649,251.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Steven M. Burdick sold 36,830 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the completion of the transaction, the chief financial officer now owns 112,620 shares in the company, valued at approximately $5,244,713.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,750 shares of company stock valued at $5,633,239 in the last three months. 0.61% of the stock is currently owned by company insiders.

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.