Tetra Tech, Inc. provides consulting and engineering services worldwide. The company operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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. This segment serves federal, state, and local governments, and development agencies in water resources analysis and water management, environmental monitoring, data analytics, government consulting, waste management, and a range of civil infrastructure master planning and engineering design markets. The CIG segment provides early data collection and monitoring, data analysis and information management, feasibility studies and assessments, science and engineering applied research, engineering design, construction management, and operations and maintenance services. This segment serves natural resources, energy, and utilities markets, as well as civil infrastructure master planning and engineering design markets. Tetra Tech, Inc. was founded in 1966 and is headquartered in Pasadena, California.
IPO Year: 1991
Exchange: NASDAQ
Website: tetratech.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/16/2024 | $234.00 → $268.00 | Buy | Maxim Group |
| 5/2/2024 | $225.00 | Neutral → Buy | Northcoast |
| 1/10/2024 | $191.00 | Overweight | KeyBanc Capital Markets |
| 9/13/2023 | Outperform | William Blair | |
| 8/28/2023 | $181.00 | Outperform | RBC Capital Mkts |
| 1/17/2023 | Sector Weight → Overweight | KeyBanc Capital Markets | |
| 7/15/2022 | Neutral | Northcoast |
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Record Annual Revenue $5.20 billion, up 15% Y/Y Record Annual Net Revenue $4.32 billion, up 15% Y/Y Record Annual Operating Income of $501 million, up 40% Y/Y Record Annual EPS, up 21% Y/Y Record Backlog of $5.38 billion, up 12% Y/Y Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services in water, environment and sustainable infrastructure, today announced record results for both the fiscal year and fourth quarter ended September 29, 2024. Fiscal Year Highlights Revenue increased 15% Y/Y to $5.20 billion Net Revenue1 increased 15% Y/Y to $4.32 billion Operating Income increased 40% Y/Y to $501 million EPS of $1.23 and
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that the Utah Army National Guard awarded Tetra Tech a five-year, single-award contract not to exceed $30 million. The watershed-focused restoration and resiliency contract will support its Camp Williams training site. Extreme climate impacts over the past two decades have affected the Camp Williams watershed, creating increased risks from flooding, wildfires, and erosion. Under this contract, Tetra Tech's interdisciplinary team of scientists and engineers will develop nature-based solutions to restore degraded habitats, m
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that the Defense Logistics Agency (DLA) selected Tetra Tech, including its Amyx operations, for its $12 billion J6 Enterprise Technology Services (JETS) 2.0 multiple-award contract. Under the JETS 2.0 indefinite delivery indefinite quantity contract, Tetra Tech will support many of DLA's most critical requirements including cybersecurity, operational technology, enterprise resource planning modernization, and supply chain optimization. Tetra Tech's software engineers and technical specialists also will develop applications
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that the U.S. Agency for International Development (USAID) has selected the Company for a $5 billion, multiple-award indefinite delivery, indefinite quantity (IDIQ) contract to support global democracy initiatives. Under the 10-year contract, Tetra Tech will support USAID's Office of Transition Initiatives to address complex governance and resiliency challenges in developing countries around the world. Our technical experts will leverage evidence-based approaches to strengthen local engagement, revitalize critical infrastr
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today the planned dates for its fourth quarter and fiscal 2024 results and conference call. On Wednesday, November 13, 2024, after market close, Tetra Tech intends to announce its fourth quarter and fiscal 2024 results. On Thursday, November 14, 2024, at 8:00 a.m. Pacific Time, Tetra Tech plans to host a conference call to present and discuss the Company's financial results and forward outlook. Investors and other interested parties can access a live audio-visual webcast through a link posted on the Company's website at tetrate
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services, announced today that the U.S. Agency for International Development (USAID) has awarded the Company a $37.5 million, single-award contract for 5 years to increase access to safe and reliable water, sanitation, and solid waste management services for urban communities in Southern Africa. The Limpopo River basin is experiencing rapid population growth and increasing climate variability, intensifying pressures on water and waste management systems. Through the USAID Resilient Cities Limpopo program, Tetra Tech will partner with local governments and regional stakeholders to develop data-driven,
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that Northern Ireland (NI) Water selected Tetra Tech, including its RPS operations, as one of the companies on the NI Water framework contract, with a value up to £800 million, which will support the sustainable delivery of key water and wastewater infrastructure projects across Northern Ireland. Under this 8-year framework, Tetra Tech engineers and scientists will support NI Water to manage programs including strengthening climate resilience and improving the delivery of sustainable services to NI Water customers. Tetra T
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that the U.S. Army Corps of Engineers (USACE), Omaha District, awarded the Company a $249 million, multiple-award contract to provide environmental assessment and design services at facilities and sites throughout the United States. Under this 7-year contract Tetra Tech's scientists, engineers, and technical specialists will perform comprehensive environmental services including the development of water resource management plans, assessment and protection of ecosystems, and design of sustainable building elements to maximi
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that the U.S. Agency for International Development (USAID) has awarded the Company a $39.3 million, single-award contract to increase gender equality and women's economic empowerment opportunities in industries such as water, power, infrastructure, transportation, and information and communications technology worldwide. Through the USAID Engendering Industries program, our experts will use data-driven change management approaches to support companies and institutions to improve equality and strengthen business operations.
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that the Board of Directors has appointed John M. Douglas as its newest Board Member. Mr. Douglas joins the Board effective September 30, 2024, and will serve on the Compensation and the Nominating and Corporate Governance Committees. Mr. Douglas brings to Tetra Tech's Board over 40 years of experience in global operations, leadership, strategy, and project management at public companies providing technology-enabled consulting services across a range of sectors. He most recently served as the Chief Executive Officer of RP
Maxim Group reiterated coverage of Tetra Tech with a rating of Buy and set a new price target of $268.00 from $234.00 previously
Northcoast upgraded Tetra Tech from Neutral to Buy and set a new price target of $225.00
KeyBanc Capital Markets initiated coverage of Tetra Tech with a rating of Overweight and set a new price target of $191.00
William Blair initiated coverage of Tetra Tech with a rating of Outperform
RBC Capital Mkts initiated coverage of Tetra Tech with a rating of Outperform and set a new price target of $181.00
KeyBanc Capital Markets upgraded Tetra Tech from Sector Weight to Overweight
Northcoast initiated coverage of Tetra Tech with a rating of Neutral
Maxim Group reiterated coverage of Tetra Tech with a rating of Buy and set a new price target of $160.00 from $155.00 previously
Vertical Research initiated coverage of Tetra Tech with a rating of Hold and set a new price target of $145.00
Roth Capital reiterated coverage of Tetra Tech with a rating of Buy and set a new price target of $135.00 from $98.00 previously
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Record Annual Revenue $5.20 billion, up 15% Y/Y Record Annual Net Revenue $4.32 billion, up 15% Y/Y Record Annual Operating Income of $501 million, up 40% Y/Y Record Annual EPS, up 21% Y/Y Record Backlog of $5.38 billion, up 12% Y/Y Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services in water, environment and sustainable infrastructure, today announced record results for both the fiscal year and fourth quarter ended September 29, 2024. Fiscal Year Highlights Revenue increased 15% Y/Y to $5.20 billion Net Revenue1 increased 15% Y/Y to $4.32 billion Operating Income increased 40% Y/Y to $501 million EPS of $1.23 and
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today the planned dates for its fourth quarter and fiscal 2024 results and conference call. On Wednesday, November 13, 2024, after market close, Tetra Tech intends to announce its fourth quarter and fiscal 2024 results. On Thursday, November 14, 2024, at 8:00 a.m. Pacific Time, Tetra Tech plans to host a conference call to present and discuss the Company's financial results and forward outlook. Investors and other interested parties can access a live audio-visual webcast through a link posted on the Company's website at tetrate
Record Quarterly Revenue $1.34 billion, up 11% Y/Y Record Q3 Operating Income $129 million, up 32% Y/Y Record Q3 EPS $1.59, up 42% Y/Y Record Backlog $5.23 billion, up 19% Y/Y Increasing FY 2024 Net Revenue and EPS guidance Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services in water, environment and sustainable infrastructure, today announced results for its third quarter ended June 30, 2024. Third Quarter Highlights Revenue increased 11% Y/Y to $1.34 billion Net Revenue1 increased 12% Y/Y to $1.11 billion Operating Income increased 32% Y/Y to $129 million EPS increased 42% Y/Y to $1.59 Backlog increased 19% Y/
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today the planned dates for its third quarter 2024 results and conference call. On Wednesday, July 31, 2024, after market close, Tetra Tech intends to announce its third quarter 2024 results. On Thursday, August 1, 2024, at 8:00 a.m. Pacific Time, Tetra Tech plans to host a conference call to present and discuss the Company's financial results and forward outlook. Investors and other interested parties can access a live audio-visual webcast on the Company's website at tetratech.com/investors. The webcast replay will be availa
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services, announced today the planned dates for its second quarter 2024 results and conference call. On Wednesday, May 1, 2024, after market close, Tetra Tech intends to announce its second quarter 2024 results. On Thursday, May 2, 2024, at 8:00 a.m. Pacific Time, Tetra Tech plans to host a conference call to present and discuss the Company's financial results and forward outlook. Investors and other interested parties can access a live audio-visual webcast on the Company's website at tetratech.com/investors. The webcast replay will be available following the call. About Tetra Tech Tetra Tech i
Revenue $1.23 billion, up 37% Y/Y Net revenue $1.02 billion, up 38% Y/Y EBITDA $131 million, up 32% Y/Y Backlog of $4.74 billion, up 24% Y/Y Increasing Fiscal Year 2024 net revenue and EPS full year guidance Tetra Tech, Inc. (NASDAQ:TTEK), today announced results for the first quarter ended December 31, 2023. As the pure play global leader in water and environmental consulting and engineering, Tetra Tech produces higher margins, organic growth rates and cash flows than the industry. For fiscal 2024, Tetra Tech is raising guidance for increased EPS growth of 20% with a 20% IFRS EBITDA1 margin. In the past 90 days, the Company was awarded more than 1,000 individual hig
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services, announced today the planned dates for its first quarter 2024 results and conference call. On Wednesday, January 31, 2024, after market close, Tetra Tech intends to announce its first quarter 2024 results. On Thursday, February 1, 2024, at 8:00 a.m. Pacific Time, Tetra Tech plans to host a conference call to present and discuss the Company's financial results and forward outlook. Investors and other interested parties can access a live audio-visual webcast through a link posted on the Company's website at tetratech.com/investors. The webcast replay will be available following the call. A
Revenue $1.26 billion, up 40% Y/Y Net revenue $1.06 billion, up 44% Y/Y Quarterly adjusted EBITDA $153 million, up 51% Y/Y Backlog of $4.79 billion, up $1.05 billion Y/Y Initiates FY24 revenue and EPS guidance at double-digit growth Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services, today announced results for the fourth quarter and fiscal year ended October 1, 2023. Fourth Quarter Results Tetra Tech achieved record quarterly results in key financial metrics including revenue, net revenue, operating income, EBITDA, adjusted EPS and backlog. Revenue in the fourth quarter totaled $1.26 billion and revenue, net of subcontract
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services, announced today the planned dates for its fourth quarter and fiscal 2023 results and conference call. On Wednesday, November 15, 2023, after market close, Tetra Tech intends to announce its fourth quarter and fiscal 2023 results. On Thursday, November 16, 2023, at 8:00 a.m. Pacific Time, Tetra Tech plans to host a conference call to present and discuss the Company's financial results and forward outlook. Investors and other interested parties can access a live audio-visual webcast through a link posted on the Company's website at tetratech.com/investors. The webcast replay will be availab
Record Revenue $1.21 billion, up 36% Y/Y Record EBITDA $119 million, up 33% Y/Y Record Backlog $4.39 billion, up 25% Y/Y Increasing Net Revenue and EPS guidance for FY23 Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services, today announced results for the third quarter ended July 2, 2023. Third Quarter Results Tetra Tech achieved record quarterly results in key financial metrics including revenue, net revenue, EBITDA, and backlog. Revenue in the third quarter totaled $1.21 billion and revenue, net of subcontractor costs (net revenue)1, was $988 million, up 36% and 37%, respectively, over last year. EBITDA1 was $119 million, up 3
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that the Board of Directors has appointed John M. Douglas as its newest Board Member. Mr. Douglas joins the Board effective September 30, 2024, and will serve on the Compensation and the Nominating and Corporate Governance Committees. Mr. Douglas brings to Tetra Tech's Board over 40 years of experience in global operations, leadership, strategy, and project management at public companies providing technology-enabled consulting services across a range of sectors. He most recently served as the Chief Executive Officer of RP
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services in water, environment and sustainable infrastructure, announced today that the U.S. Agency for International Development (USAID) has awarded the Company an $85 million increase to its single-award contract to strengthen energy security in the Republic of Moldova. Through the USAID Moldova Energy Security Activity, Tetra Tech is supporting the Government of Moldova to advance an independent, sustainable, and clean energy sector that will help people power their lives more efficiently and affordably. Tetra Tech's energy specialists will integrate an innovative, utility-scale battery energy sto
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services, announced today that it has expanded its digital water and energy practices with the acquisition of Convergence Controls & Engineering, an industry leader in process automation and systems integration solutions. Convergence's expertise includes customized digital controls and software solutions, advanced data analytics, cloud data integration, and cybersecurity applications. "Tetra Tech's Leading with Science® approach combines our domain expertise with our suite of Tetra Tech Delta technologies to provide integrated automation platforms that enable real-time data visualization, data analyt
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services, announced today that it has acquired LS Technologies, an innovative U.S. federal enterprise technology services and management consulting firm based in Fairfax, Virginia. LS Technologies brings significant additional capabilities, resources, and new federal clients to Tetra Tech's Federal Information Technology (IT) practice. "Tetra Tech integrates high-end technology services with our subject matter expertise to provide innovative mission critical solutions for our clients," said Dan Batrack, Tetra Tech Chairman and CEO. "The addition of LS Technologies to our Federal IT Division enhances
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services in water, environment, sustainable infrastructure, and renewable energy, announced today that the Board of Directors has appointed Christiana Obiaya as its newest Board Member. Ms. Obiaya joins the Board effective January 2, 2023, and will serve on the Audit and Strategic Planning and Enterprise Risk Committees. Ms. Obiaya brings to Tetra Tech's Board approximately 20 years of experience in strategy, finance, and project management focused on energy and infrastructure development and sustainable technologies. She is Chief Financial Officer of Heliogen, a renewable energy technology company th
Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) announced that its Board of Directors has appointed Leslie L. Shoemaker as a new independent director, effective immediately. Dr. Shoemaker will serve on the Nominating and Corporate Governance Committee of the Board. Dr. Shoemaker is the President of Tetra Tech (NASDAQ:TTEK), a leading, global provider of consulting and engineering services in the areas of water, environment, infrastructure, resource management, energy, and international development. Dr. Shoemaker joined Tetra Tech in 1991 and has served in various technical and operational capacities of increasing responsibility, including Group President, Chief Strategy Officer, and Growth
Tetra Tech, Inc. (NASDAQ:TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, today announced that the Board of Directors has appointed Prashant Gandhi as its newest Board Member. Mr. Gandhi joins the Board effective May 1, 2022, and will serve on the Nominating and Corporate Governance, and Compensation Committees. Mr. Gandhi brings to Tetra Tech's Board more than 20 years of experience in the development of digital systems utilizing advanced data analytics. From 2000 to 2016, as a Partner and then Chief Operating Officer of the Digital Practice at McKinsey & Company, Mr. Gandhi led the data and technology-enabled
Tetra Tech, Inc. (NASDAQ:TTEK), 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&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's (NYSE:TTEK) 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. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling 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
Providing a diverse range of perspectives from bullish to bearish, 9 analysts have published ratings on Tetra Tech (NASDAQ:TTEK) 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. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 5 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 2 1 0 0 3M Ago 2 2 1 0 0 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
RBC Capital analyst Sabahat Khan reiterates Tetra Tech (NASDAQ:TTEK) with a Outperform and maintains $233 price target.
Tetra Tech's (NYSE:TTEK) short percent of float has fallen 10.36% since its last report. The company recently reported that it has 946 thousand shares sold short, which is 2.25% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.04 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling 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 i
Keybanc analyst Sangita Jain maintains Tetra Tech (NASDAQ:TTEK) with a Overweight and raises the price target from $231 to $234.
Gainers Tetra Tech (NASDAQ:TTEK) shares increased by 21.8% to $268.19 during Friday's after-market session. The market value of their outstanding shares is at $14.3 billion. JE Cleantech Hldgs (NASDAQ:JCSE) stock increased by 8.19% to $0.72. The company's market cap stands at $3.6 million. Addentax Group (NASDAQ:ATXG) shares moved upwards by 6.79% to $1.1. The market value of their outstanding shares is at $5.9 million. Graphex Gr (AMEX:GRFX) shares moved upwards by 5.4% to $0.34. The market value of their outstanding shares is at $15.5 million. Forward Air (NASDAQ:FWRD) shares increased by 5.11% to $15.01. The company's market cap stands at $396.8 million. Energy Vault Holdings (NYSE: