LONDON, UK / ACCESSWIRE / May 14, 2018 / Active-Investors has a free review on Tetra Tech, Inc. (NASDAQ: TTEK) following the Company's announcement that it will begin trading ex-dividend on May 15, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on May 14, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on TTEK:
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On April 30, 2018, Tetra Tech's Board of Directors declared a 20% increase in the quarterly dividend, raising it to $0.12 per share payable on June 01, 2018, to stockholders of record as of May 16, 2018.
Tetra Tech's indicated dividend represents a yield of 0.91% compared to the average dividend yield of 2.05% for the Services sector. The Company has raised dividend for three years in a row.
Tetra Tech has a dividend payout ratio of 18.5%, which indicates that the Company spends approximately $0.19 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Tetra Tech is forecasted to report earnings of $2.80 per share for the next year, which is more than five times higher than the Company's annualized dividend of $0.48 per share.
As of April 01, 2018, Tetra Tech's cash and cash equivalents totaled $203.18 million compared to $189.98 million as on October 01, 2017. For the six months ended April 01, 2018, the Company's net cash provided by operating activities totaled $14.77 million compared to $50.36 million for the year ago same period. The variance between the cash flow figures was primarily due to a $42.91 million from account receivable in the reported period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
On May 02, 2018, Tetra Tech announced results for the second quarter ended April 01, 2018. The Company's revenue in Q2 FY18 totaled $700.26 million, up 5% compared to $664.78 million for Q2 FY17. For ongoing operations, Tetra Tech's revenue totaled $699 million, and revenue, net of subcontractor costs (net revenue), was $533 million.
During Q2 FY18, Tetra Tech's operating income was $42.72 million compared to $42.96 million in Q2 FY17. On an ongoing basis operating income totaled $45 million. For Q2 FY18, Tetra Tech reported earnings of $0.51 per share, up 11% compared to $0.46 per share in Q2 FY17. On an ongoing basis, the Company's earnings totaled $0.54, up 13% on a y-o-y basis. Tetra Tech's backlog at the end of the quarter was $2.5 billion.
About Tetra Tech, Inc.
Tetra Tech is a leading, global provider of consulting and engineering services. The Company supports global commercial and government clients focused on water, environment, infrastructure, resource management, energy, and international development. With more than 17,000 associates worldwide, Tetra Tech provides clear solutions to complex problems.
Stock Performance Snapshot
May 11, 2018 - At Friday's closing bell, Tetra Tech's stock slightly fell 0.75%, ending the trading session at $52.60.
Volume traded for the day: 189.70 thousand shares.
Stock performance in the last month – up 3.14%; previous three-month period – up 15.86%; past twelve-month period – up 14.72%; and year-to-date – up 9.24%
After last Friday's close, Tetra Tech's market cap was at $2.93 billion.
Price to Earnings (P/E) ratio was at 23.32.
The stock has a dividend yield of 0.76%.
The stock is part of the Services sector, categorized under the Technical Services industry. This sector was up 0.1% at the end of the session.
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