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:
If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:
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.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the ''Author'') and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst. For further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.