TETRA TECH INC (TTEK) May 2024 Earnings Report

Tetra Tech, Inc.: Investment Report

Overview

Tetra Tech, Inc. is a leading provider of consulting and engineering services, operating in the United States and internationally. With a strong track record of delivering innovative solutions to its clients, the company has established itself as a reliable partner in the engineering and construction industry. As a result, we believe that Tetra Tech, Inc. presents an attractive investment opportunity, and in this report, we will delve into the company's financial performance, growth prospects, and recent news to provide a comprehensive view of the stock.

Core Metrics

  • Current price: 203.58 USD
  • 52-week high: 221.4 USD
  • 52-week low: 143.35 USD
  • Market Cap: 10.89 billion USD
  • P/E Ratio: 41.29
  • Earnings per Share: 4.93
  • 50-day average: 201.71
  • 200-day average: 173.75
  • Analyst Recommendations: Buy (6 analysts)

Financial Performance

Tetra Tech, Inc. has demonstrated a strong financial performance, driven by its diversified business segments and successful execution of its business strategy. The company's revenue has grown steadily, with a revenue growth rate of 8.6% in the recent period. The company's EBITDA margins have also expanded, reaching 13.09%, indicating improved operational efficiency. Additionally, the company's free cash flow generation has been robust, with a free cash flow of 333.39 million USD.

Growth Prospects

Tetra Tech, Inc. is well-positioned to capitalize on growth opportunities in the engineering and construction industry. The company's focus on sustainable infrastructure, water management, and environmental services positions it to benefit from increasing government investments in these areas. Furthermore, the company's recent acquisitions and partnerships have expanded its capabilities, providing a platform for future growth.

News and Updates

Recent news articles have highlighted Tetra Tech, Inc.'s strength in the Government Services Group (GSG) segment, accretive acquisitions, and shareholder-friendly moves. Analysts have also recognized the company's dividend yield, ranking it among the best dividend stocks of 2024.

Upgrades and Downgrades

Keybanc has maintained its Overweight rating on Tetra Tech, Inc., citing the company's strong execution and growth prospects. Baird has also reiterated its Neutral rating, citing the company's stable earnings and cash flow generation.

Summary

In conclusion, Tetra Tech, Inc. presents a compelling investment opportunity, driven by its strong financial performance, diversified business segments, and growth prospects. With a Buy rating from six analysts and a robust free cash flow generation, we believe that the company is well-positioned for future growth and is an attractive investment option.

Disclosures

The information on this website should not be construed as or relied upon in any manner as investment, legal, tax, or other advice. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Any charts provided here or on other content distribution outlets are for informational purposes only, and should not be relied upon when making any investment decision. Under no circumstances should any information provided on this website or social media platforms be construed as an offer soliciting the purchase or sale of any security, nor should it be construed as an offer to provide investment advisory services.