Tetra Tech, Inc. (NASDAQ:TTEK) Plans $0.06 Quarterly Dividend

Tetra Tech, Inc. (NASDAQ:TTEK) declared a quarterly dividend on Thursday, January 30th,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 0.63%. The ex-dividend date of this dividend is Wednesday, February 12th.

Tetra Tech has increased its dividend by an average of 13.6% per year over the last three years. Tetra Tech has a dividend payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Tetra Tech to earn $1.67 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 13.8%.

Tetra Tech Trading Down 2.3 %

Shares of NASDAQ TTEK traded down $0.85 during trading on Thursday, reaching $36.82. The company had a trading volume of 16,134,103 shares, compared to its average volume of 3,167,338. The stock has a market cap of $9.87 billion, a P/E ratio of 29.89 and a beta of 0.90. The company’s fifty day moving average price is $40.91 and its 200-day moving average price is $44.26. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.44. Tetra Tech has a 12 month low of $31.09 and a 12 month high of $51.20.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Tetra Tech had a net margin of 6.41% and a return on equity of 20.64%. As a group, research analysts expect that Tetra Tech will post 1.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. StockNews.com cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Robert W. Baird raised their target price on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Tetra Tech in a research note on Friday, November 15th. Finally, KeyCorp lowered their target price on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.32.

Tetra Tech Company Profile

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.