Tetra Tech, Inc. (NASDAQ:TTEK) Declares $0.06 Quarterly Dividend

Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report) declared a quarterly dividend on Monday, January 27th,Wall Street Journal reports. Investors of record on Wednesday, February 12th will be paid a dividend of 0.058 per share by the industrial products company on Wednesday, February 26th. This represents a $0.23 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Wednesday, February 12th.

Tetra Tech has raised its dividend payment by an average of 13.6% annually over the last three years. Tetra Tech has a payout ratio of 14.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Tetra Tech to earn $1.67 per share next year, which means the company should continue to be able to cover its $0.23 annual dividend with an expected future payout ratio of 13.8%.

Tetra Tech Stock Down 7.0 %

Tetra Tech stock traded down $2.59 during mid-day trading on Monday, hitting $34.21. The company had a trading volume of 8,567,159 shares, compared to its average volume of 3,676,660. The company has a market capitalization of $9.17 billion, a PE ratio of 35.93 and a beta of 0.89. The company has a current ratio of 1.29, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53. Tetra Tech has a 12 month low of $31.09 and a 12 month high of $51.20. The stock's 50 day moving average price is $40.61 and its two-hundred day moving average price is $44.16.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. As a group, sell-side analysts anticipate that Tetra Tech will post 1.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TTEK has been the topic of several recent analyst reports. Robert W. Baird upped their target price on Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. StockNews.com lowered shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $52.00 price target on shares of Tetra Tech in a report on Friday, November 15th. Finally, KeyCorp dropped their price objective on shares of Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday. Two investment analysts have rated the stock with a hold rating and four have assigned 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 target price of $48.52.

About Tetra Tech

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.