Tetra Tech (NASDAQ:TTEK) Issues FY25 Earnings Guidance

Tetra Tech (NASDAQ:TTEK) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.40-1.50 for the period, compared to the consensus earnings per share 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 Stock Performance

TTEK opened at $41.27 on Friday. The business has a fifty day simple moving average of $47.60 and a 200-day simple moving average of $44.58. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.44. The firm has a market cap of $11.05 billion, a PE ratio of 33.50 and a beta of 0.94. Tetra Tech has a fifty-two week low of $30.92 and a fifty-two week high of $51.20.

Tetra Tech Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on TTEK. 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. StockNews.com cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 target price on shares of Tetra Tech in a research report on Friday. Finally, KeyCorp cut their price objective on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a report on Friday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.32.

Insiders Place Their Bets

In related news, EVP Leslie L. Shoemaker sold 78,420 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the completion of the sale, the executive vice president now owns 296,015 shares in the company, valued at approximately $13,649,251.65. This represents a 20.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 sale, the director now owns 143,200 shares of the company’s stock, valued at $6,655,936. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,750 shares of company stock valued at $5,633,239 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.

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.