Tetra Tech, Inc. (TTEK) To Go Ex-Dividend on February 12th

Tetra Tech, Inc. (NASDAQ:TTEK) declared a quarterly dividend on Monday, January 27th,Wall Street Journal reports. Stockholders of record on Wednesday, February 12th will be given a dividend of 0.058 per share by the industrial products company on Wednesday, February 26th. This represents a $0.23 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Wednesday, February 12th.

Tetra Tech has increased its dividend payment by an average of 13.6% annually over the last three years. Tetra Tech has a dividend payout ratio of 14.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tetra Tech to earn $1.55 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 14.8%.

Tetra Tech Trading Down 1.1 %

Shares of TTEK stock opened at $33.40 on Monday. Tetra Tech has a twelve month low of $31.09 and a twelve month high of $51.20. The company has a current ratio of 1.29, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $40.00 and its two-hundred day moving average is $43.97. The company has a market capitalization of $8.95 billion, a P/E ratio of 35.08 and a beta of 0.89.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. Equities analysts forecast that Tetra Tech will post 1.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on TTEK. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Tetra Tech in a research report on Friday, November 15th. Robert W. Baird raised their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Maxim Group lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday. StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, KeyCorp reduced their price objective on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Tetra Tech has a consensus rating of “Moderate Buy” and a consensus target price of $48.52.

Insider Buying and Selling

In related news, Director Kirsten M. Volpi sold 10,116 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the completion of the sale, the director now directly owns 60,196 shares of the company’s stock, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is owned by corporate insiders.

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.