Tetra Tech (NASDAQ:TTEK) Releases Q1 Earnings Guidance

Tetra Tech (NASDAQ:TTEK) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.32-0.34 for the period, compared to the consensus 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.

Tetra Tech Trading Down 13.5 %

Shares of TTEK opened at $40.96 on Friday. The firm has a market cap of $10.96 billion, a P/E ratio of 33.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.21 and a quick ratio of 1.21. Tetra Tech has a 1 year low of $30.92 and a 1 year high of $51.20. The company has a 50 day simple moving average of $47.82 and a two-hundred day simple moving average of $44.55.

Wall Street Analyst Weigh In

TTEK has been the topic of several research analyst reports. Royal Bank of Canada boosted their price target on shares of Tetra Tech from $46.60 to $51.80 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. KeyCorp boosted their target price on Tetra Tech from $49.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. StockNews.com upgraded Tetra Tech from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, Robert W. Baird upped their price objective on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $50.68.

Insiders Place Their Bets

In related news, CFO Steven M. Burdick sold 36,830 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the transaction, the chief financial officer now directly owns 112,620 shares in the company, valued at approximately $5,244,713.40. This represents a 24.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total transaction of $302,120.00. Following the completion of the sale, the director now directly owns 143,200 shares of the company’s stock, valued at approximately $6,655,936. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,750 shares of company stock valued at $5,633,239 over the last ninety days. 0.61% of the stock is owned by 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.