Tetra Tech (NASDAQ:TTEK) Releases FY25 Earnings Guidance

Tetra Tech (NASDAQ:TTEK) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.40-1.50 for the period, compared to the consensus estimate of $1.50. The company issued revenue guidance of $4.565-4.765 billion, compared to the consensus revenue estimate of $4.67 billion. Tetra Tech also updated its FY 2025 guidance to 1.400-1.500 EPS.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $47.35 on Thursday. The company has a 50 day moving average of $47.82 and a 200 day moving average of $44.55. The stock has a market cap of $12.67 billion, a P/E ratio of 43.76 and a beta of 0.94. Tetra Tech has a 12 month low of $30.92 and a 12 month high of $51.20. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.52.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TTEK shares. KeyCorp boosted their price objective on shares of Tetra Tech from $49.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Robert W. Baird boosted their price objective on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday. StockNews.com upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada lifted their target price on shares of Tetra Tech from $46.60 to $51.80 and gave the company an “outperform” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.68.

Insider Buying and Selling at Tetra Tech

In other news, CFO Steven M. Burdick sold 36,830 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total value of $1,715,173.10. Following the completion of the sale, the chief financial officer now directly owns 112,620 shares in the company, valued at approximately $5,244,713.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Steven M. Burdick sold 36,830 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total value of $1,715,173.10. Following the completion of the sale, the chief financial officer now directly owns 112,620 shares in the company, valued at approximately $5,244,713.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the completion of the sale, the executive vice president now owns 296,015 shares of the company’s stock, valued at approximately $13,649,251.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,750 shares of company stock worth $5,633,239 over the last three months. 0.61% of the stock is owned by 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.