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Of several contracts, Tetra Tech secured a $49-million environmental services contract from USACE in April 2021. At the end of the first quarter of fiscal 2021 (ended Dec 27, 2020), the company had a solid backlog of $3,188.1 million. federal government agencies or related institutions, are likely to benefit the company in the quarters ahead. We believe that the aforementioned contract will help Tetra Tech strengthen its existing business with the federal agency. Also, they will engage in the development of engineering designs. To be more specific, its professionals will carry out studies for site characterization and biological surveys. Also, the company’s biologists, engineers and planners will have to work for the reduction of coastal erosion and the restoration of ecosystems. Per the $36-million multiple-award contract, Tetra Tech’s prime responsibility will be the assessment and management of flood risks. Notably, the contract is the third deal awarded to the company by the USACE since the beginning of calendar 2021.
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( TTEK Quick Quote TTEK - Free Report) yesterday communicated that it secured a $36-million contract from the U.S. To read this article on click here.Tetra Tech, Inc. Helios Technologies, Inc (HLIO) : Free Stock Analysis Report Kadant Inc (KAI) : Free Stock Analysis Report (TTEK) : Free Stock Analysis ReportĬasella Waste Systems, Inc.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Its shares have gained 30.9% in the past six months. Its earnings surprise in the last four quarters was 42.11%, on average.Ĭasella Waste’s earnings estimates have increased 2.3% for 2021 and 0.9% for 2022 in the past 60 days. Its shares have gained 30.1% in the past six months.Ĭasella Waste Systems, Inc. Kadant’s earnings estimates have increased 0.4% for 2021 and 1% for 2022 in the past 60 days. Its earnings surprise in the last four quarters was 19.21%, on average. Its shares have gained 31.5% in the past six months.
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In the past 60 days, Helios’ earnings estimates have increased 7.9% for 2021 and 9.6% for 2022. Its earnings surprise in the last four quarters was 37.54%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here. HLIO presently sports a Zacks Rank #1 (Strong Buy). Some other companies from the Zacks Industrial Products sector that investors can consider are discussed below. Also, the estimates for fiscal 2023 (ending September 2023) earnings have increased from $4.41 to $4.48 on one upward estimate revision versus none downward. Also, in October 2021, it announced an additional share buyback program worth $400 million.Įstimate Revisions: In the past 60 days, the Zacks Consensus Estimate for its fiscal 2022 earnings has treaded up from $3.99 to $4.15 per share on two upward estimate revisions against none downward. In April 2021, it also hiked its quarterly dividend rate by 18%. In fiscal 2021, the company paid out dividends worth $40 million and bought back shares worth $60 million. Shareholder-Friendly Policies: Tetra Tech remains committed to rewarding its shareholders through dividend payouts and share buybacks. The IBRA-RMAC Automation Systems buyout (April 2021) has strengthened its digital water system business. The acquisition of Kaizen Company (May 2021) has been boosting growth opportunities for its Government Services Group. The Hoare Lea buyout (July 2021) has been enhancing the sustainable building solutions for commercial and government clients. Its acquisition of Enterprise Automation (October 2021) is likely to strengthen its digital technology solutions for water sector clients. Exiting fiscal 2021, its backlog remained strong at $3,480.3 million.Īcquisition Benefits: The company focuses on acquisitions for strengthening and expanding its businesses. For fiscal 2022 (ending September 2022), the company anticipates generating net revenues of $2.60-$2.80 billion, higher than $2.55 billion recorded in fiscal 2021 (ended September 2021). In the quarters ahead, digital water transformation, disaster response planning, infrastructure stimulus, as well as commercial and government projects across the United Kingdom, Canada and Australia are likely to drive its performance. Let’s delve into the factors that make investment in the company a smart choice at the moment.īusiness Strength: Tetra Tech has been benefiting from projects related to advanced analytics, climate change, renewable energy and environmental programs.