Tetra Tech (NASDAQ:TTEK) Issues FY25 Earnings Guidance

Tetra Tech (NASDAQ:TTEK) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $1.40-1.50 for the period, compared to the consensus EPS 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 Up 0.8 %

Shares of TTEK stock opened at $41.27 on Friday. Tetra Tech has a fifty-two week low of $30.92 and a fifty-two week high of $51.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.21 and a current ratio of 1.25. The stock’s fifty day moving average is $47.60 and its two-hundred day moving average is $44.58. The firm has a market capitalization of $11.05 billion, a P/E ratio of 33.50 and a beta of 0.94.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a dividend of $0.058 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a yield of 0.56%. Tetra Tech’s payout ratio is presently 18.67%.

Analysts Set New Price Targets

A number of research firms have weighed in on TTEK. KeyCorp decreased their target price on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Tetra Tech in a report on Friday. Robert W. Baird lifted their price target on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, StockNews.com lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.32.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, EVP Leslie L. Shoemaker sold 78,420 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the completion of the transaction, the executive vice president now owns 296,015 shares of the company’s stock, valued at $13,649,251.65. This trade represents a 20.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Steven M. Burdick sold 36,830 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total value of $1,715,173.10. Following the transaction, the chief financial officer now owns 112,620 shares of the company’s stock, valued at $5,244,713.40. This trade represents a 24.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,750 shares of company stock worth $5,633,239 over the last quarter. 0.61% of the stock is currently owned by company insiders.

Tetra Tech Company Profile

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.