Tetra Tech (NASDAQ:TTEK) Stock, Quote.Headers.trade-ideas

Tetra Tech

Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.

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TTEK

Tetra Tech, Inc. (NASDAQ: TTEK) recently announced that it has secured a $39.3 million contract from the United States Agency for International Development (&#34;USAID&#34;). The latest deal will involve the company supporting USAID&#39;s Engendering Industries program.

Tetra Tech Secures $39.3M Single-Award Contract From USAID

Earnings Beats

Guidance

Tetra Tech, Inc. (NASDAQ: TTEK) reported third-quarter fiscal 2024 (ended Jun 30, 2024) adjusted earnings of $1.59 per share, which surpassed the Zacks Consensus Estimate of $1.54. The bottom line surged 42% year over year, driven by the strong momentum in each of its segments.

Tetra Tech Beats on Q3 Earnings, Raises 2024 Guidance

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Price Target

Tetra Tech Analysts Boost Their Forecasts After Upbeat Results

Tetra Tech Inc

Disclosed on September 12, Kirsten M Volpi, Board Member at Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: Volpi's decision to sell 1,950 shares of Tetra Tech was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000831641/000083164124000048//Archives/edgar/data/831641/000083164124000048/0000831641-24-000048-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value of the sale is $89,700.
Tracking the Friday's morning session, Tetra Tech shares are trading at $46.09, showing a up of 0.08%.
<h3>About Tetra Tech</h3>
Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.
<h3>Tetra Tech's Financial Performance</h3>
Revenue Growth: Over the 3 months period, Tetra Tech showcased positive performance, achieving a revenue growth rate of 11.2% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 16.6%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Tetra Tech's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.32.
</li>
</ul>
Debt Management: Tetra Tech's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.63.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 42.64, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 2.44 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 24.15, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Illuminating the Importance of Insider Transactions</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000831641">Check Out The Full List Of Tetra Tech's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Unloading: Kirsten M Volpi Sells $89K Worth Of Tetra Tech Shares

A substantial insider sell was reported on September 12, by Leslie L Shoemaker, EVP at Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>), based on the recent SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000831641/000083164124000050//Archives/edgar/data/831641/000083164124000050/0000831641-24-000050-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Shoemaker sold 78,420 shares of Tetra Tech. The total transaction amounted to $3,616,024. 
Tetra Tech's shares are actively trading at $46.09, experiencing a up of 0.08% during Friday's morning session.
<h3>Discovering Tetra Tech: A Closer Look</h3>
Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.
<h3>Financial Milestones: Tetra Tech's Journey</h3>
Positive Revenue Trend: Examining Tetra Tech's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 11.2% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 16.6%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Tetra Tech exhibits below-average bottom-line performance with a current EPS of 0.32.
</li>
</ul>
Debt Management: Tetra Tech's debt-to-equity ratio is below the industry average at 0.63, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 42.64, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 2.44 is lower than the industry average, implying a discounted valuation for Tetra Tech's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio of 24.15, the company's market valuation exceeds industry averages.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Impact of Insider Transactions on Investments</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000831641">Check Out The Full List Of Tetra Tech's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Selling: Leslie L Shoemaker Unloads $3.62M Of Tetra Tech Stock

Disclosed on September 12, Kimberly E Ritrievi, Director at Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000831641/000083164124000052//Archives/edgar/data/831641/000083164124000052/0000831641-24-000052-index.htm">U.S. Securities and Exchange Commission</a> on Thursday, Ritrievi sold 6,500 shares of Tetra Tech. The total transaction value is $302,120.
Tracking the Friday's morning session, Tetra Tech shares are trading at $46.06, showing a down of 0.0%.
<h3>Delving into Tetra Tech's Background</h3>
Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.
<h3>Tetra Tech's Economic Impact: An Analysis</h3>
Revenue Growth: Tetra Tech's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 11.2%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 16.6%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Tetra Tech's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.32.
</li>
</ul>
Debt Management: Tetra Tech's debt-to-equity ratio is below the industry average. With a ratio of 0.63, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 42.64 is lower than the industry average, implying a discounted valuation for Tetra Tech's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 2.44 is lower than the industry average, implying a discounted valuation for Tetra Tech's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Tetra Tech's EV/EBITDA ratio, surpassing industry averages at 24.15, positions it with an above-average valuation in the market.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000831641">Check Out The Full List Of Tetra Tech's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Sell Alert: Kimberly E Ritrievi Cashes Out $302K In Tetra Tech Stock

On September 12, a recent SEC filing unveiled that Steven M Burdick, EVP at Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>) made an insider sell.
What Happened: Burdick opted to sell 36,830 shares of Tetra Tech, according to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000831641/000083164124000054//Archives/edgar/data/831641/000083164124000054/0000831641-24-000054-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The transaction's total worth stands at $1,715,173.
At Friday morning, Tetra Tech shares are down by 0.0%, trading at $46.06.
<h3>Get to Know Tetra Tech Better</h3>
Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.
<h3>Breaking Down Tetra Tech's Financial Performance</h3>
Revenue Growth: Tetra Tech's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 11.2%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 16.6%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Tetra Tech's EPS is below the industry average. The company faced challenges with a current EPS of 0.32. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Tetra Tech's debt-to-equity ratio is below the industry average. With a ratio of 0.63, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Valuation Analysis:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 42.64, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 2.44, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Boasting an EV/EBITDA ratio of 24.15, Tetra Tech demonstrates a robust market valuation, outperforming industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Navigating the Impact of Insider Transactions on Investments</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000831641">Check Out The Full List Of Tetra Tech's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Decision: Steven M Burdick Offloads $1.72M Worth Of Tetra Tech Stock

Tetra Tech, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttek#NASDAQ">TTEK</a>) recently announced that it has secured a $39.3 million contract from the United States Agency for International Development (&quot;USAID&quot;). The latest deal will involve the company supporting USAID&#39;s Engendering Industries program.
As part of the single-award deal, Tetra Tech will work on enhancing gender equality and women&#39;s economic empowerment opportunities in multiple industries throughout the world. These industries include water, infrastructure, power, transportation as well as information and communications technology.
Under the USAID Engendering Industries program, the company&#39;s professionals will utilize data-driven change management tactics to help companies and organizations boost gender equality and economic opportunities for women globally. As part of the Engendering Industries program since 2018, TTEK has been offering technical support services to more than 68 organizations in 39 countries.
<h2>Tetra Tech&#39;s Other Notable Contracts</h2>
Lately, Tetra Tech has received a series of deals, which are likely to drive its growth. In July 2024, the company received a $73 million deal from the USAID to enhance the availability of cost-effective and dependable electricity across 18 nations in West Africa. Also, in March 2024, it secured a $375 million multiple-award contract from National Aeronautics and Space Administration (&quot;NASA&quot;). Per the five-year contract, Tetra Tech will offer environmental restoration and compliance services at NASA facilities across the United States.
In January 2024, the company secured a $34 million contract from the USAID. Per the deal, TTEK will support the USAID Integrated Land and Resource Governance II project, which is aimed at promoting sustainable economic development through better land rights governance. Also, in the same month, it secured a $24 million, single-award deal from USAID to conserve biodiversity and natural resources in Cambodia.
<h2>TTEK&#39;s Zacks Rank and Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/49/77316.jpg?v=170175387" />
Image Source: Zacks Investment Research
Tetra Tech currently carries a Zacks Rank #2 (Buy). Shares of the company gained 50.1% in the past year against the industry&lsquo;s 11% decline.
<h2>Other Stocks to Consider</h2>
Other top-ranked companies from the same space are discussed below.
Flowserve Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>) currently carries a Zacks Rank of 2.
FLS delivered a trailing four-quarter average earnings surprise of 18.2%. In the past 60 days, the Zacks Consensus Estimate for Flowserve&#39;s 2024 earnings has increased 3.8%.
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 11.2%.
In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has increased 2%.
Parker-Hannifin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ph#NYSE">PH</a>) currently carries a Zacks Rank of 2. PH delivered a trailing four-quarter average earnings surprise of 2.6%.
In the past 60 days, the consensus estimate for Parker-Hannifin&#39;s fiscal 2025 earnings has increased 1.1%.
<a href="https://www.zacks.com/stock/news/2334556/tetra-tech-secures-39-3m-single-award-contract-from-usaid?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2334556">To read this article on Zacks.com click here.</a>

Tetra Tech Wins $39M USAID Contract To Increase Gender Equality In Water, Power, And Transportation Sectors

Disclosed in a recent SEC filing on August 22, Birkenbeuel, Board Member at Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>), made a noteworthy transaction involving the exercise of company stock options.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000831641/000083164124000046//Archives/edgar/data/831641/000083164124000046/0000831641-24-000046-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Birkenbeuel, Board Member at Tetra Tech, a company in the Industrials sector, just exercised stock options worth 243 shares of TTEK stock with an exercise price of $59.9.
The Friday morning update indicates Tetra Tech shares down by 0.0%, currently priced at $234.58. At this value, Birkenbeuel's 243 shares are worth $42,447.
<h3>Get to Know Tetra Tech Better</h3>
Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.
<h3>Financial Insights: Tetra Tech</h3>
Revenue Growth: Tetra Tech's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 11.2%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: With a low gross margin of 16.6%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 1.6, Tetra Tech showcases strong earnings per share.
</li>
</ul>
Debt Management: Tetra Tech's debt-to-equity ratio is below the industry average. With a ratio of 0.63, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 43.45, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 2.49, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Tetra Tech's EV/EBITDA ratio of 24.58 exceeds industry averages, indicating a premium valuation in the market
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000831641">Check Out The Full List Of Tetra Tech's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Major Update: Gary Birkenbeuel At Tetra Tech Exercises Options, Making A Strategic Move

Highlighted on August 14, it was unveiled in an SEC filing that Volpi, Director at Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>), executed a significant transaction involving the exercise of company stock options.
What Happened: In an insider options sale disclosed in a Form 4 filing on Wednesday with the <a href="https://www.sec.gov/Archives/edgar/data/0000831641/000083164124000044//Archives/edgar/data/831641/000083164124000044/0000831641-24-000044-index.htm">U.S. Securities and Exchange Commission</a>, Volpi, Director at Tetra Tech, exercised stock options for 300 shares of TTEK. The transaction value amounted to $53,690.
Tetra Tech shares are trading, exhibiting down of 0.0% and priced at $226.92 during Thursday's morning. This values Volpi's 300 shares at $53,690.
<h3>Unveiling the Story Behind Tetra Tech</h3>
Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.
<h3>Tetra Tech: Financial Performance Dissected</h3>
Revenue Growth: Over the 3 months period, Tetra Tech showcased positive performance, achieving a revenue growth rate of 11.2% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: With a low gross margin of 16.6%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Tetra Tech's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.6.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.63.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 42.02 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 2.4, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 23.82 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>The Importance of Insider Transactions</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000831641">Check Out The Full List Of Tetra Tech's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Director At Tetra Tech Exercises Options Worth $53K

Revealing a significant insider sell on August 8, Preston Hopson, SVP at Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>), as per the latest SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000831641/000083164124000040//Archives/edgar/data/831641/000083164124000040/0000831641-24-000040-index.htm">U.S. Securities and Exchange Commission</a> on Thursday outlined that Hopson executed a sale of 5,000 shares of Tetra Tech with a total value of $1,165,350.
Monitoring the market, Tetra Tech's shares down by 0.0% at $231.76 during Friday's morning.
<h3>Delving into Tetra Tech's Background</h3>
Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.
<h3>Key Indicators: Tetra Tech's Financial Health</h3>
Revenue Growth: Tetra Tech displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 11.2%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 16.6%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Tetra Tech's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.6.
</li>
</ul>
Debt Management: Tetra Tech's debt-to-equity ratio is below the industry average. With a ratio of 0.63, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 42.92 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 2.45, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Tetra Tech's EV/EBITDA ratio, surpassing industry averages at 24.3, positions it with an above-average valuation in the market.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Why Pay Attention to Insider Transactions</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000831641">Check Out The Full List Of Tetra Tech's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Decision: Preston Hopson Offloads $1.17M Worth Of Tetra Tech Stock

In a new SEC filing on August 7, it was revealed that Maguire, Board Member at Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>), executed a significant exercise of company stock options.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000831641/000083164124000037//Archives/edgar/data/831641/000083164124000037/0000831641-24-000037-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Maguire, Board Member at Tetra Tech, a company in the Industrials sector, just exercised stock options worth 4,000 shares of TTEK stock with an exercise price of $47.95.
Tetra Tech shares are trading, exhibiting down of 0.0% and priced at $228.65 during Thursday's morning. This values Maguire's 4,000 shares at $722,800.
<h3>Delving into Tetra Tech's Background</h3>
Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.
<h3>Financial Insights: Tetra Tech</h3>
Positive Revenue Trend: Examining Tetra Tech's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 11.2% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 16.6%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 1.6, Tetra Tech showcases strong earnings per share.
</li>
</ul>
Debt Management: Tetra Tech's debt-to-equity ratio is below the industry average at 0.63, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Tetra Tech's P/E ratio of 42.36 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 2.42 is lower than the industry average, implying a discounted valuation for Tetra Tech's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 24.0, Tetra Tech demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>The Importance of Insider Transactions</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Navigating the World of Insider Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000831641">Check Out The Full List Of Tetra Tech's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Board Member At Tetra Tech Exercises Options Worth $722K

RBC Capital analyst Sabahat Khan maintains Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>) with a Outperform and raises the price target from $233 to $259.

RBC Capital Maintains Outperform on Tetra Tech, Raises Price Target to $259

Keybanc analyst Sangita Jain maintains Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>) with a Overweight and raises the price target from $234 to $247.

Keybanc Maintains Overweight on Tetra Tech, Raises Price Target to $247

WIIM

Tetra Tech shares are trading higher after the company reported better-than-expected Q3 financial results. Also, Baird raised its price target on the stock from $223 to $230.

Tetra Tech, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttek#NASDAQ">TTEK</a>) reported third-quarter fiscal 2024 (ended Jun 30, 2024) adjusted earnings of $1.59 per share, which surpassed the Zacks Consensus Estimate of $1.54. The bottom line surged 42% year over year, driven by the strong momentum in each of its segments.
The bottom line also surpassed management&#39;s earnings projection of $1.50-$1.55 per share.
<h3>Revenue &amp; Segmental Performance</h3>
Tetra Tech generated revenues of $1.34 billion, reflecting a year-over-year increase of 11%. Adjusted net revenues (adjusted revenues minus subcontractor costs) were $1.11 billion, up 12% year over year. The quarterly top line surpassed the management&#39;s guided range of $1.05-$1.10 billion.
Tetra Tech&#39;s adjusted revenues also exceeded the Zacks Consensus Estimate of $1.09 billion.
The backlog at the end of the fiscal third quarter was $5.23 billion, up 19% year over year.
Revenues from U.S. Federal customers (accounting for 30% of the quarter&#39;s revenues) were up 34% year over year, supported by higher civilian and defense environmental sales. U.S. Commercial sales (19% of the quarter&#39;s revenues) increased 7% year over year, driven by higher renewable energy and environmental remediation sales.
U.S. State and Local sales (11% of the quarter&#39;s revenues) increased 8% year over year, driven by strength in advanced water treatment. International sales (40% of the quarter&#39;s revenues) were up 5% year over year, backed by increased Canadian and Australian sustainable infrastructure sales.
Tetra Tech reports revenues under the segments discussed below:
Net sales of the Government Services Group segment were $488 million, up 25% year over year. Revenues from the Commercial/International Services Group segment totaled $621 million, representing a year-over-year increase of 4%.
<div class="chart_embed">
<h3>Tetra Tech, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="Tetra Tech, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/b2/1722511401.png" style="height:265px; width:583px" title="" />
Tetra Tech, Inc. price-consensus-eps-surprise-chart | Tetra Tech, Inc. Quote
</div>
<h3>Margin Profile</h3>
In the fiscal third quarter, Tetra Tech&#39;s subcontractor costs totaled $234.7 million, reflecting an increase of 6% from the year-ago quarter. Other costs of revenues (adjusted) were $886.4 million, up 11% from the fiscal third quarter of 2023. Selling, general and administrative expenses (adjusted) were $94.5 million, up 6.1% from the year-ago fiscal quarter.
Operating income increased 32% year over year to $129 million while the adjusted margin increased 150 basis points to 11.6%.
<h3>Balance Sheet and Cash Flow</h3>
While exiting the fiscal third quarter, Tetra Tech had cash and cash equivalents of $212.3 million compared with $168.8 million recorded at the end of the fourth quarter of fiscal 2023. Long-term debt was $861.8 million compared with $879.5 million recorded at the end of fourth-quarter fiscal 2023.
In the first nine months of fiscal 2024, Tetra Tech generated net cash of $253.1 million from operating activities compared with $246.1 million in the prior fiscal year&#39;s comparable period. Capital expenditure was $11.3 million, down 34.7% year over year. In the said fiscal period, TTEK&#39;s proceeds from borrowings amounted to $180 million while repayments on long-term debt totaled $200 million.
<h3>Shareholder-Friendly Policies</h3>
Tetra Tech distributed dividends totaling $43.3 million in the first nine months of fiscal 2024. This compares favorably with dividends of $38.3 million distributed in the year-ago fiscal period. It repurchased shares worth $12.9 million in the same period.
<h3>Fiscal 2024 Outlook Raised</h3>
For fiscal 2024 (ending September 2024), Tetra Tech anticipates net revenues to be in the range of $4.27-$4.32 billion compared with $4.21-$4.31 billion expected earlier. Adjusted earnings are predicted to be $6.23-$6.28 per share compared with $6.15-$6.25 predicted earlier.
For the fiscal fourth quarter (ending September 2024), management estimates net revenues to be in the range of $1.09-$1.14 billion. Adjusted earnings are projected to be $1.82-$1.87 per share.
<h3>Zacks Rank &amp; Stocks to Consider</h3>
TTEK currently carries a Zacks Rank #3 (Hold). Here are some better-ranked stocks from the same space:
Kadant Inc.&nbsp;presently sports a Zacks Rank #1 (Strong Buy).
It has a trailing four-quarter average earnings surprise of 18%.
The Zacks Consensus Estimate for KAI&#39;s 2024 earnings has increased 0.2% in the past 60 days.
Flowserve Corporation&nbsp;currently carries a Zacks Rank #2 (Buy). FLS delivered a trailing four-quarter average earnings surprise of 18.2%.
In the past 60 days, the consensus estimate for Flowserve&#39;s 2024 earnings has increased 0.8%.
Emerson Electric Co.&nbsp;presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 10.7%.
In the past 60 days, the Zacks Consensus Estimate for EMR&#39;s 2024 earnings has increased 0.4%.
<a href="https://www.zacks.com/stock/news/2313912/tetra-tech-ttek-beats-on-q3-earnings-raises-2024-guidance?cid=CS-BENZ-FT-analyst_blog|earnings_article-2313912">To read this article on Zacks.com click here.</a>

Baird analyst Andrew Wittmann maintains Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>) with a Neutral and raises the price target from $223 to $230.

Baird Maintains Neutral on Tetra Tech, Raises Price Target to $230

Tetra Tech Raises Fiscal 2024 EPS Guidance To $6.23-$6.28, Up 23% YoY; Increases Net Revenue Guidance To $4.27B-$4.32B, Up 15% YoY; Q4 EPS Expected To Be $1.82-$1.87, Net Revenue $1.09B-$1.14B

Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>) reported quarterly earnings of $1.59 per share which beat the analyst consensus estimate of $1.55 by 2.58 percent. The company reported quarterly sales of $1.34 billion which beat the analyst consensus estimate of $1.08 billion by 24.12 percent. This is a 35.69 percent increase over sales of $987.56 million the same period last year.

Tetra Tech Q3 2024 Adj EPS $1.59 Beats $1.55 Estimate, Sales $1.34B Beat $1.08B Estimate

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.tetratech.com%2F&amp;esheet=54099284&amp;newsitemid=20240724906694&amp;lan=en-US&amp;anchor=Tetra+Tech%2C+Inc.&amp;index=1&amp;md5=b51b5814203a7d6c33a0a2a88d101ef4">Tetra Tech, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>), a leading provider of high-end consulting and engineering services in water, environment and sustainable infrastructure, announced today that the U.S. Department of Defense (DoD) Environmental Security Technology Certification Program selected the Company and its partner Texas A&amp;M University (TAMU) to design, fabricate, and demonstrate a prototype mobile electron beam (eBeam) system for on-site treatment of soils and sediments impacted by per- and polyfluoroalkyl substances (PFAS).

Tetra Tech Selected By DoD Environmental Security Technology Certification Program To Design And Test Mobile Treatment Technology For PFAS-Impacted Soils And Sediments

Tetra Tech's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NYSE">TTEK</a>) short percent of float has fallen 7.02% since its last report. The company recently reported that it has 893 thousand shares sold short, which is 2.12% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.44 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Tetra Tech Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721843116_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Tetra Tech has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Tetra Tech's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Tetra Tech's peer group average for short interest as a percentage of float is 3.06%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Tetra Tech's Recent Short Interest

Providing a diverse range of perspectives from bullish to bearish, 9 analysts have published ratings on Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>) in the last three months.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $226.33, a high estimate of $234.00, and a low estimate of $200.00. This upward trend is apparent, with the current average reflecting a 5.82% increase from the previous average price target of $213.89.
<img src="https://www.benzinga.com/files/images/story/2024/1720537219_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A comprehensive examination of how financial experts perceive Tetra Tech is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Sabahat Khan</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$233.00</td>
<td>$233.00</td>
</tr>
<tr>
<td>Sangita Jain</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$234.00</td>
<td>$231.00</td>
</tr>
<tr>
<td>Andrew Wittmann</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$223.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Sangita Jain</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$231.00</td>
<td>$219.00</td>
</tr>
<tr>
<td>Sangita Jain</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$219.00</td>
<td>$209.00</td>
</tr>
<tr>
<td>Sabahat Khan</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$233.00</td>
<td>$203.00</td>
</tr>
<tr>
<td>Tate Sullivan</td>
<td>Maxim Group</td>
<td>Raises</td>
<td>Buy</td>
<td>$234.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Andrew Wittmann</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$200.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Tate Sullivan</td>
<td>Maxim Group</td>
<td>Raises</td>
<td>Buy</td>
<td>$230.00</td>
<td>$220.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Tetra Tech. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Tetra Tech compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Tetra Tech's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Tetra Tech's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/TTEK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Tetra Tech analyst ratings.</a>
<h2>All You Need to Know About Tetra Tech</h2>
Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.
<h3>Tetra Tech: Financial Performance Dissected</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Tetra Tech's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 8.06% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Tetra Tech's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 6.11%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Tetra Tech's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.9% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Tetra Tech's ROA excels beyond industry benchmarks, reaching 1.91%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.73, Tetra Tech adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>What Are Analyst Ratings?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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