Earnings results for Tetra Tech (NASDAQ:TTEK)
Tetra Tech, Inc. is expected* to report earnings on 04/28/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.75. The reported EPS for the same quarter last year was $0.73.
Tetra Tech last posted its earnings data on January 27th, 2021. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. The business had revenue of $605.17 million for the quarter, compared to analysts’ expectations of $587.67 million. Its quarterly revenue was down 1.4% on a year-over-year basis. Tetra Tech has generated $3.26 earnings per share over the last year and currently has a price-to-earnings ratio of 41.8. Tetra Tech has confirmed that its next quarterly earnings report will be published on Wednesday, April 28th, 2021.
Analyst Opinion on Tetra Tech (NASDAQ:TTEK)
6 Wall Street analysts have issued ratings and price targets for Tetra Tech in the last 12 months. Their average twelve-month price target is $128.17, predicting that the stock has a possible downside of 2.98%. The high price target for TTEK is $160.00 and the low price target for TTEK is $97.00. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Tetra Tech has received a consensus rating of Buy. The company’s average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $128.17, Tetra Tech has a forecasted downside of 3.0% from its current price of $132.10. Tetra Tech has only been the subject of 3 research reports in the past 90 days.
Dividend Strength: Tetra Tech (NASDAQ:TTEK)
Tetra Tech has a dividend yield of 0.52%, which is in the bottom 25% of all stocks that pay dividends. Tetra Tech has been increasing its dividend for 6 years. The dividend payout ratio of Tetra Tech is 20.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Tetra Tech will have a dividend payout ratio of 18.18% next year. This indicates that Tetra Tech will be able to sustain or increase its dividend.
Insiders buying/selling: Tetra Tech (NASDAQ:TTEK)
In the past three months, Tetra Tech insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,973,242.00 in company stock. Only 1.97% of the stock of Tetra Tech is held by insiders. 83.05% of the stock of Tetra Tech is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Tetra Tech (NASDAQ:TTEK
Earnings for Tetra Tech are expected to grow by 9.68% in the coming year, from $3.41 to $3.74 per share. The P/E ratio of Tetra Tech is 41.80, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.36. The P/E ratio of Tetra Tech is 41.80, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 50.52. Tetra Tech has a PEG Ratio of 2.55. PEG Ratios above 1 indicate that a company could be overvalued. Tetra Tech has a P/B Ratio of 6.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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