Tetra Tech (TTEK) Stock Price, News & Analysis

Company Overview

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. This segment serves federal, state, and local governments; and development agencies in water resources analysis and water management, environmental monitoring, data analytics, government consulting, waste management, and a range of civil infrastructure master planning and engineering design markets. The CIG segment provides early data collection and monitoring, data analysis and information management, feasibility studies and assessments, science and engineering applied research, engineering design, project management, and operations and maintenance services; and environmental remediation and reconstruction services, and industrial water treatment services. This segment serves natural resources, energy, and utilities markets, as well as sustainable infrastructure master planning and engineering design for facilities, transportation, and local development projects. Tetra Tech, Inc. was founded in 1966 and is headquartered in Pasadena, California.

Key Stats

• Today's Range: $39.71 to $40.81
• 50-Day Range: $40.20 to $50.52
• 52-Week Range: $31.61 to $51.20
• Volume: 4.40 million shs
• Average Volume: 1.54 million shs
• Market Capitalization: $10.76 billion
• P/E Ratio: 32.63
• Dividend Yield: 0.57%
• Price Target: $49.32
• Consensus Rating: Moderate Buy

Tetra Tech Stock Analysis - MarketRank™

Tetra Tech scored higher than 73% of companies evaluated by MarketBeat, and ranked 74th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Tetra Tech has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Tetra Tech has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 15.17%

Earnings Growth

Earnings for Tetra Tech are expected to grow by 15.17% in the coming year, from $1.45 to $1.67 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Tetra Tech is 32.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.09.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tetra Tech is 32.63, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.08.

Price to Book Value per Share Ratio

Tetra Tech has a P/B Ratio of 5.88. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.76% of the outstanding shares of Tetra Tech have been sold short.

Short Interest Ratio / Days to Cover

Tetra Tech has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tetra Tech has recently decreased by 7.47%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Tetra Tech has a dividend yield of 0.56%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Tetra Tech does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Tetra Tech is 18.70%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Tetra Tech will have a dividend payout ratio of 13.77% next year. This indicates that Tetra Tech will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.76% of the outstanding shares of Tetra Tech have been sold short.

Short Interest Ratio / Days to Cover

Tetra Tech has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tetra Tech has recently decreased by 7.47%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 1.33

News Sentiment

Tetra Tech has a news sentiment score of 1.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.72 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Tetra Tech this week, compared to 7 articles on an average week.

Search Interest

Only 12 people have searched for TTEK on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Tetra Tech to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Tetra Tech insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.61% of the stock of Tetra Tech is held by insiders.

Percentage Held by Institutions

93.89% of the stock of Tetra Tech is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TTEK Stock Analysis - Frequently Asked Questions

How have TTEK shares performed this year?

Tetra Tech's stock was trading at $33.3860 at the start of the year. Since then, TTEK shares have increased by 20.4% and is now trading at $40.20.
View the best growth stocks for 2024 here.

How were Tetra Tech's earnings last quarter?

Tetra Tech, Inc. (NASDAQ:TTEK) announced its quarterly earnings data on Wednesday, July, 31st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The business's revenue was up 10.7% on a year-over-year basis.

When did Tetra Tech's stock split?

Shares of Tetra Tech split on Monday, September 9th 2024. The 5-1 split was announced on Wednesday, July 31st 2024. The newly created shares were distributed to shareholders after the closing bell on Friday, September 6th 2024. An investor that had 100 shares of stock prior to the split would have 500 shares after the split.

Does Tetra Tech have any subsidiaries?

Tetra Tech subsidiaries include these companies: Hoare Lea, The Kaizen Company, Coanda Research & Development Corporation, BlueWater Federal Solutions, WYG Group, eGlobalTech, BridgeNet International Inc, and others.

Who are Tetra Tech's major shareholders?

Top institutional shareholders of Tetra Tech include Sarasin & Partners LLP (9.25%), Geode Capital Management LLC (1.76%), Allspring Global Investments Holdings LLC (6.17%) and abrdn plc (3.94%). Insiders that own company stock include Leslie L Shoemaker, J Christopher Lewis, Kimberly E Ritrievi, Dan L Batrack, Steven M Burdick, Kirsten M Volpi, J Kenneth Thompson, Preston Hopson III, Brian N Carter, Jill Hudkins, Roger R Argus, William R Brownlie and Patrick C Haden.
View institutional ownership trends.

How do I buy shares of Tetra Tech?

Shares of TTEK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Tetra Tech own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tetra Tech investors own include American Water Works (AWK), Waste Connections (WCN), Humana (HUM), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 7/31/2024
• Ex-Dividend for 12/13 Dividend: 11/27/2024
• Dividend Payable: 12/13/2024
• Today: 12/20/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrial Products
• Industry: Engineering services
• Sub-Industry: Environmental & Facilities Services
• Current Symbol: NASDAQ:TTEK
• CUSIP: 88162G10
• CIK: 831641
• Web: www.tetratech.com
• Phone: (626) 351-4664
• Fax: 626-351-5291
• Employees: 30,000
• Year Founded: 1966

Price Target and Rating

• Average Stock Price Target: $49.32
• High Stock Price Target: $53.60
• Low Stock Price Target: $45.00
• Potential Upside/Downside: +22.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.23
• Trailing P/E Ratio: 32.63
• Forward P/E Ratio: 27.72
• P/E Growth: N/A
• Net Income: $333.38 million
• Net Margins: 6.41%
• Pretax Margin: 8.92%
• Return on Equity: 20.64%
• Return on Assets: 8.38%

Debt

• Debt-to-Equity Ratio: 0.44
• Current Ratio: 1.25
• Quick Ratio: 1.25

Sales & Book Value

• Annual Sales: $5.20 billion
• Price / Sales: 2.07
• Cash Flow: $1.59 per share
• Price / Cash Flow: 25.21
• Book Value: $6.84 per share
• Price / Book: 5.88

Miscellaneous

• Outstanding Shares: 267,741,000
• Free Float: 266,108,000
• Market Cap: $10.76 billion
• Optionable: Optionable
• Beta: 0.88