Tetra Tech (TTEK) is Reiterated by FBR Capital to Mkt Perform, Raises Price Target to $ 36

Tetra Tech (TTEK) was Reiterated by FBR Capital to “Mkt Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 36 from a previous price target of $32 . FBR Capital advised their investors in a research report released on Jul 29, 2016.

On the company’s financial health, Tetra Tech reported $0.50 EPS for the quarter, based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $667.00 million for the quarter, compared to analysts expectations of $498.01 million. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Tetra Tech opened for trading at $33 and hit $34.36 on the upside on Thursday, eventually ending the session at $33.38, with a gain of 1.92% or 0.63 points. The heightened volatility saw the trading volume jump to 5,49,306 shares. Company has a market cap of $1,934 M.

In a different news, on Jul 12, 2016, Steven M Burdick (EVP and CFO) sold 16,750 shares at $31.23 per share price. According to the SEC, on Jun 24, 2016, Richard A Lemmon (SVP) sold 8,000 shares at $31.25 per share price. On Jun 13, 2016, Dan L Batrack (CHAIRMAN AND CEO) sold 50,000 shares at $30.66 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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