Equities research analysts predict that TETRA Technologies, Inc. (NYSE:TTI) will post sales of $254.76 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for TETRA Technologies’ earnings. The lowest sales estimate is $245.50 million and the highest is $262.66 million. TETRA Technologies posted sales of $199.38 million during the same quarter last year, which would indicate a positive year over year growth rate of 27.8%. The firm is expected to report its next quarterly earnings report on Tuesday, May 14th.
On average, analysts expect that TETRA Technologies will report full year sales of $1.09 billion for the current fiscal year, with estimates ranging from $1.06 billion to $1.12 billion. For the next year, analysts forecast that the business will report sales of $1.17 billion, with estimates ranging from $1.10 billion to $1.20 billion. Zacks’ sales averages are an average based on a survey of analysts that follow TETRA Technologies.
TETRA Technologies (NYSE:TTI) last released its earnings results on Thursday, February 28th. The oil and gas company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.02. The firm had revenue of $282.47 million during the quarter, compared to the consensus estimate of $262.53 million. TETRA Technologies had a negative net margin of 6.44% and a negative return on equity of 2.20%.
NYSE TTI traded down $0.10 during trading hours on Friday, hitting $2.42. 8,639 shares of the company’s stock traded hands, compared to its average volume of 670,808. The company has a current ratio of 2.00, a quick ratio of 1.28 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $315.33 million, a price-to-earnings ratio of -48.80 and a beta of 1.59. TETRA Technologies has a 52 week low of $1.29 and a 52 week high of $5.11.
Several hedge funds and other institutional investors have recently made changes to their positions in TTI. Amalgamated Bank bought a new stake in TETRA Technologies during the 4th quarter worth approximately $32,000. Wealthsource Partners LLC bought a new position in shares of TETRA Technologies in the 4th quarter valued at about $34,000. Oregon Public Employees Retirement Fund bought a new position in shares of TETRA Technologies in the 4th quarter valued at about $48,000. SG Americas Securities LLC grew its holdings in shares of TETRA Technologies by 206.7% in the 4th quarter. SG Americas Securities LLC now owns 34,222 shares of the oil and gas company’s stock valued at $57,000 after acquiring an additional 23,065 shares in the last quarter. Finally, Magnus Financial Group LLC bought a new position in shares of TETRA Technologies in the 4th quarter valued at about $59,000. 83.21% of the stock is currently owned by institutional investors and hedge funds.
TETRA Technologies Company Profile
TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. The company's Completion Fluids segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.
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