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Tetra Tech (NASDAQ:TTEK) Releases Q1 Earnings Guidance

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Tetra Tech (NASDAQ:TTEK) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.75-0.80 for the period, compared to the Thomson Reuters consensus estimate of $0.78. The company issued revenue guidance of $600-640 million, compared to the consensus revenue estimate of $623.35 million.Tetra Tech also updated its FY20 guidance to $3.35-3.55 EPS.

TTEK has been the topic of several research analyst reports. BidaskClub cut shares of Tetra Tech from a strong-buy rating to a buy rating in a research note on Friday, November 8th. Cfra downgraded Tetra Tech from a buy rating to a hold rating in a research note on Friday, November 15th. Maxim Group boosted their price target on shares of Tetra Tech from $92.00 to $104.00 and gave the stock a buy rating in a research report on Thursday, November 14th. Finally, ValuEngine downgraded shares of Tetra Tech from a buy rating to a hold rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Tetra Tech presently has an average rating of Buy and an average target price of $86.00.

Shares of NASDAQ:TTEK traded up $0.89 during trading hours on Friday, hitting $86.92. 243,034 shares of the company’s stock traded hands, compared to its average volume of 376,030. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.73. The business has a fifty day moving average price of $87.55 and a 200-day moving average price of $81.16. Tetra Tech has a 1 year low of $48.52 and a 1 year high of $90.34. The firm has a market capitalization of $4.74 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 1.66 and a beta of 1.08.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, November 13th. The industrial products company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.04. The firm had revenue of $640.18 million for the quarter, compared to analysts’ expectations of $636.89 million. Tetra Tech had a net margin of 5.11% and a return on equity of 17.92%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. As a group, equities analysts predict that Tetra Tech will post 3.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.60 annualized dividend and a yield of 0.69%. Tetra Tech’s dividend payout ratio (DPR) is currently 18.93%.

In related news, Director J Christopher Lewis sold 4,489 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $82.12, for a total value of $368,636.68. Following the completion of the transaction, the director now owns 51,519 shares of the company’s stock, valued at $4,230,740.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Richard A. Lemmon sold 11,510 shares of Tetra Tech stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $82.74, for a total value of $952,337.40. Following the completion of the transaction, the senior vice president now owns 45,667 shares in the company, valued at $3,778,487.58. The disclosure for this sale can be found here. Insiders have sold a total of 52,571 shares of company stock worth $4,511,839 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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.

Further Reading: What are trading strategies for the 52-week high/low?

Earnings History and Estimates for Tetra Tech (NASDAQ:TTEK)

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Be Pro Be Proud mobile unit to promote industry job skills to Kentucky students – Lane Report

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FRANKFORT, Ky. (Jan. 24, 2020) – The Kentucky Association of Manufacturers in partnership with the Associated General Contractors of Kentucky on Friday announced the Arkansas State Chamber of Commerce and Associated Industries of Arkansas’ Be Pro Be Proud Mobile Workshop will be returning to Kentucky next week for a three-day educational tour.

The Be Pro Be Proud Mobile Workshop showcases industry-specific, virtual and augmented reality simulators that allow students to experience first-hand potential technical career opportunities. Over 80,000 students have visited the workshop since its inception in 2016.

Media are invited to attend any or all the events. The Frankfort event is open to the public.

Event 1 – Shelbyville
Monday, January 27, 2020
Milestone Academies – Shelby County
1361 Frankfort Road
Shelbyville, KY 40065
Students: 9 am-3 pm
Invited industry reps and local officials: 3-5 pm

Event 2 – Lexington
Tuesday, January 28, 2020
Academies of Lexington Career Expo
Lexington Convention Center – Heritage Hall
430 W Vine Street
Lexington, KY 40507
Students: 9 am-3 pm

Event 3 – Frankfort
Wednesday, January 29, 2020
KAM Manufacturing Day at the Capitol
Kentucky State Capitol
700 Capital Avenue
Frankfort, KY 40601
Open to the public: 8:30 am-3:00 pm

With the help of industry partners, KAM and AGC of KY are working to bring a similar initiative to Kentucky students. This mobile workshop is considered the future of workforce development by professionals across all industries and sectors.

Be Pro’s second-generation Mobile Workshop features a customized, 1,000-s.f. interactive demonstration space in a tractor trailer loaded with information, skill challenges, and more. It features 15 professions, including Heavy Equipment Operators, Fiber Optic Tech & Linemen, Robotics and Automation, Truck Driver, CNC Operator, HVACR Tech, Diesel Tech, Tool and Die Maker, Plumber, Welder, Computer Programmer, Electrician, Machinist, CAD/CAM Drafter, and Carpenter.

Follow this link for a video overview of KAM’s partnership with Be Pro Be Proud. More photos of the workshop can be found on Be Pro Be Proud AK’s Instagram page.

Since 1911, the Kentucky Association of Manufacturers has served as the leading advocate for the manufacturing industry in the commonwealth. For more information visit kam.us.com.

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