With 2.17 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.28 million shares. During the session, the Engineering & Construction company that operates in wider Industrials sector, reached to the highest price of $48.3 whereas the lowest price it dropped to was $46.78. The 52-week range on TTEK shows that it touched its highest point at $51.20 and its lowest point at $30.08 during that stretch. It currently has a 1-year price target of $51.93. With its current market cap of 12.70 billion, TTEK has annualized dividend of $1.10 while the current yield stands at 2.32%. Beta for the stock currently stands at 0.93.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TTEK was down-trending over the past week, with a drop of -2.92%, but this was down by -4.13% over a month. Three-month performance surged to 4.58% while six-month performance rose 11.73%. The stock gained 56.20% in the past year, while it has gained 42.14% so far this year. A look at the trailing 12-month EPS for TTEK yields 1.08 with Next year EPS estimates of 1.50. For the next quarter, that number is 0.37. This implies an EPS growth rate of 12.23% for this year and 19.60% for next year. EPS is expected to grow by 4.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 16.08%.
Float and Shares Shorts:
At present, 267.66 million TTEK shares are outstanding with a float of 266.56 million shares on hand for trading. On 2024-10-15, short shares totaled 3.4 million, which was 127.0 higher than short shares on 1726185600. In addition to Mr. Dan L. Batrack as the firm’s CEO, President & Chairman, Mr. Steven M. Burdick serves as its CFO & Executive VP.
Institutional Ownership:
Through their ownership of 0.95881 of TTEK’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, TTEK reported revenue of $1344323000.0 and operating income of $129130000.0. The EBITDA in the recently reported quarter was $148633000.0 and diluted EPS was $1.59.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TTEK since 9 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TTEK analysts setting a high price target of 56.0 and a low target of 46.0, the average target price over the next 12 months is 51.93. Based on these targets, TTEK could surge 17.99% to reach the target high and fall by -3.08% to reach the target low. Reaching the average price target will result in a growth of 9.42% from current levels.
Analysts have provided yearly estimates in a range of $1.27009 being high and $1.23909 being low. For TTEK, this leads to a yearly average estimate of $1.25248. The surprise factor in the prior quarter was $0.26. Based on analyst estimates, the high estimate for the next quarter is $0.39 and the low estimate is $0.32. The average estimate for the next quarter is thus $0.34.
