Tetra Tech (TTEK) Releases Earnings Results, Beats Expectations By $0.03 EPS

Tetra Tech (TTEK) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.37 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.34. The company posted revenue of $478.77 million in the period, compared to analysts expectations of $466.94 million. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Tetra Tech. Wedbush Downgraded Tetra Tech on Apr 20, 2016 to ” Neutral”, Price Target of the shares are set at $31.Sidoti Initiated Tetra Tech on Apr 19, 2016 to “Buy”, Price Target of the shares are set at $40.Canaccord Genuity Initiated Tetra Tech on Apr 12, 2016 to “Hold”, Price Target of the shares are set at $30.

Tetra Tech (TTEK) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $30.52 and reached the intraday high at $30.77. The bulls started the profit booking and pushed the shares to intraday low of $30.4401. The trading session was marked by a volume range of 5,37,361 shares exchanging hands. The 52-week high of the shares is $31.24 and the 52-week low is $22.85. The market cap of the company stands at $1,789 M and there are 5,86,24,247 shares in public circulation.

In a different news, on Mar 2, 2016, William R Brownlie (SVP) sold 6,856 shares at $28.00 per share price. According to the SEC, on Feb 2, 2016, Hugh M Grant (director) sold 8,000 shares at $26.58 per share price. On Feb 2, 2016, J Christopher Lewis (director) sold 5,495 shares at $26.19 per share price, according to the Form-4 filing with the securities and exchange commission.

Tetra Tech Inc. is a provider of consulting engineering program management construction management and technical services focusing on natural resource management infrastructure energy and the environment. The Company is a full-service company that leads with science. The Company serves public and private clients by addressing the fundamental needs for water natural resources environmental services infrastructure and energy. Its solutions span the entire life cycle of the project and include applied science research and technology engineering design construction management construction operations and maintenance and information technology. The Company operates through four segments: Engineering and Consulting Services (ECS) Technical Support Services (TSS) Engineering and Architecture Services (EAS) and Remediation and Construction Management (RCM).

Tetra Tech

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