Tetra Tech, Inc. (NASDAQ:TTEK) announced a quarterly dividend on Wednesday, February 1st. Shareholders of record on Friday, February 17th will be given a dividend of 0.09 per share on Friday, March 3rd. This represents a $0.36 annualized dividend and a yield of 0.86%. The ex-dividend date is Wednesday, February 15th.
Shares of Tetra Tech (NASDAQ:TTEK) opened at 41.70 on Tuesday. The firm’s 50-day moving average is $42.41 and its 200 day moving average is $38.95. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 28.01 and a beta of 1.11. Tetra Tech has a 52-week low of $24.87 and a 52-week high of $44.85.
Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, February 1st. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The firm earned $669 million during the quarter, compared to analyst estimates of $471.91 million. Tetra Tech had a return on equity of 13.28% and a net margin of 3.24%. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 earnings per share. On average, equities research analysts anticipate that Tetra Tech will post $2.18 earnings per share for the current year.
A number of equities analysts recently commented on TTEK shares. Roth Capital started coverage on Tetra Tech in a report on Wednesday, January 25th. They set a “buy” rating and a $49.00 target price for the company. Zacks Investment Research upgraded Tetra Tech from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, January 17th. Stifel Nicolaus upped their target price on Tetra Tech to $45.00 and gave the company a “hold” rating in a report on Monday, February 6th. Finally, DA Davidson restated a “hold” rating and set a $35.00 target price on shares of Tetra Tech in a report on Wednesday, November 9th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Tetra Tech currently has an average rating of “Buy” and an average target price of $39.86.
In other news, Director Albert E. Smith sold 16,000 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $42.78, for a total transaction of $684,480.00. Following the completion of the transaction, the director now directly owns 43,877 shares in the company, valued at $1,877,058.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Albert E. Smith sold 8,000 shares of the firm’s stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $44.00, for a total value of $352,000.00. Following the transaction, the director now owns 43,877 shares of the company’s stock, valued at $1,930,588. The disclosure for this sale can be found here. Insiders have sold 115,511 shares of company stock valued at $5,006,244 over the last 90 days. Corporate insiders own 4.00% of the company’s stock.
“Tetra Tech, Inc. (TTEK) To Go Ex-Dividend on February 15th” was posted by sleekmoney and is the sole property of of sleekmoney. If you are viewing this story on another site, it was copied illegally and reposted in violation of US and international trademark & copyright laws. The legal version of this story can be accessed at http://sleekmoney.com/tetra-tech-inc-ttek-to-go-ex-dividend-on-february-15th/1659280.html.
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.
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/tetra-tech-inc-ttek-to-go-ex-dividend-on-february-15th/1659280.html
Receive News & Ratings for Tetra Tech Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Tech Inc. and related companies with MarketBeat.com's FREE daily email newsletter.