Tetra Tech (NASDAQ:TTEK) Updates Q1 Earnings Guidance

Tetra Tech (NASDAQ:TTEK) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.32-0.34 for the period, compared to the consensus EPS estimate of $0.34. The company issued revenue guidance of $1.09-1.15 billion, compared to the consensus revenue estimate of $1.10 billion. Tetra Tech also updated its FY 2025 guidance to 1.400-1.500 EPS.

Wall Street Analysts Forecast Growth

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

Tetra Tech Stock Performance

Shares of NASDAQ:TTEK opened at $40.96 on Friday. The firm has a 50 day moving average of $47.82 and a 200 day moving average of $44.55. 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 company has a market capitalization of $10.96 billion, a price-to-earnings ratio of 33.25 and a beta of 0.94. Tetra Tech has a 52 week low of $30.92 and a 52 week high of $51.20.

Insider Activity

In other news, CFO Steven M. Burdick sold 36,830 shares of Tetra Tech stock in a transaction that occurred on 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. The trade was a 24.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 296,015 shares of the company’s stock, valued at $13,649,251.65. The trade was a 20.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 121,750 shares of company stock worth $5,633,239. 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.