Seven analysts have increased their EPS forecasts for this infrastructure company in the past 30 days.
Tetra Tech, Inc. (TTEK)
From Sound Advice
Tetra Tech. Inc. (TTEK) reported in January record-high quarterly revenue for the first quarter and operating earnings per share of 81 cents which were up 33% from a year ago. The company’s Water, Environment and Infrastructure segment revenues continued on a solid growth trajectory, benefiting from strong US federal and Infrastructure projects. The company is hopeful that the new administration will be able to introduce additional opportunities for Tetra Tech for more US infrastructure projects.
TTEK also has a higher annual dividend of 40 cents per share. The company said it expects to earn $2.40 to $2.60 per share in 2018 and that it has $75 million in stock to buy back from its $200 million 2017 buy-back program.
Tetra Tech is a leading company in water technologies and environmental remediation. The company’s record high of $2.54 billion backlog reveals a robust pipeline with major governmental organizations like the US Department of State, Environmental Protection Agency (EPA), US Army Corps of Engineers, and the US Air Force. TTEK has a very healthy balance sheet.
Gray Cardiff, Sound Advice, www.soundadvice-newsletter.com, 800-825-7007, February 2, 2018