Media stories about Tetra Tech (NASDAQ:TTEK) have trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by reviewing 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 closest to one being the most favorable. Tetra Tech earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.4328014825683 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- $518.45 Million in Sales Expected for Tetra Tech, Inc. (TTEK) This Quarter (americanbankingnews.com)
- Brokerages Anticipate Tetra Tech, Inc. (TTEK) to Announce $0.61 EPS (americanbankingnews.com)
- Tetra Tech’s (TTEK) “Hold” Rating Reaffirmed at Stifel Nicolaus (americanbankingnews.com)
- Tetra Tech (TTEK) Secures $23M Contract from USAID for Improved Economic Growth in the Democratic Republic of the Congo (streetinsider.com)
- USAID Awards Tetra Tech $23 Million Contract for Improved Economic Growth in the Democratic Republic of the Congo (finance.yahoo.com)
A number of analysts have recently commented on TTEK shares. Sidoti reaffirmed a “buy” rating and issued a $58.00 price target (up from $55.00) on shares of Tetra Tech in a research note on Sunday, May 14th. Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 price target on shares of Tetra Tech in a research note on Wednesday, June 7th. BidaskClub cut Tetra Tech from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Zacks Investment Research raised Tetra Tech from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Tuesday, July 4th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $50.00 target price on shares of Tetra Tech in a research note on Friday, July 7th. 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 an average price target of $49.50.
Shares of Tetra Tech (TTEK) opened at 43.50 on Monday. The company has a market capitalization of $2.46 billion, a PE ratio of 22.05 and a beta of 1.05. Tetra Tech has a 1-year low of $34.07 and a 1-year high of $48.35. The company’s 50-day moving average price is $43.04 and its 200-day moving average price is $43.47.
Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data 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 firm had revenue of $498.47 million for the quarter, compared to the consensus estimate of $535.18 million. Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. The company’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, equities analysts expect that Tetra Tech will post $2.11 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, August 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.92%. Tetra Tech’s dividend payout ratio is 20.30%.
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About Tetra Tech
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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