Tetra Technologies, Inc. (NYSE: TTI) closed the day trading at $3.95 up 1.28% from the previous closing price of $3.90. In other words, the price has increased by $+0.0500 from its previous closing price. On the day, 1685305 shares were traded.
Ratios:
For a better understanding of TTI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.07. For the most recent quarter (mrq), Quick Ratio is recorded 1.47 and its Current Ratio is at 2.24. In the meantime, Its Debt-to-Equity ratio is 1.32 whereas as Long-Term Debt/Eq ratio is at 1.26.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, The Benchmark Company on September 28, 2023, initiated with a Buy rating and assigned the stock a target price of $8.
On June 24, 2022, Johnson Rice Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $7.
Stifel Upgraded its Hold to Buy on February 03, 2021, while the target price for the stock was maintained at $3.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 02 when BATES THOMAS R JR sold 12,000 shares for $4.99 per share. The transaction valued at 59,899 led to the insider holds 505,373 shares of the business.
McNiven Roy bought 7,500 shares of TTI for $26,169 on Mar 09. The Sr. Vice President now owns 17,500 shares after completing the transaction at $3.49 per share. On Mar 08, another insider, Murphy Brady M, who serves as the President & CEO of the company, bought 30,000 shares for $3.41 each. As a result, the insider paid 102,300 and bolstered with 1,722,450 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TTI now has a Market Capitalization of 513.81M and an Enterprise Value of 655.47M. As of this moment, Tetra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.97, and their Forward P/E ratio for the next fiscal year is 8.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.82 while its Price-to-Book (P/B) ratio in mrq is 3.46. Its current Enterprise Value per Revenue stands at 1.05 whereas that against EBITDA is 7.42.
Stock Price History:
Over the past 52 weeks, TTI has reached a high of $6.77, while it has fallen to a 52-week low of $2.43. The 50-Day Moving Average of the stock is 4.2008, while the 200-Day Moving Average is calculated to be 4.5364.
Shares Statistics:
Over the past 3-months, TTI traded about 1.40M shares per day on average, while over the past 10 days, TTI traded about 1.81M shares per day. A total of 130.08M shares are outstanding, with a floating share count of 117.55M. Insiders hold about 9.86% of the company’s shares, while institutions hold 70.56% stake in the company. Shares short for TTI as of Feb 15, 2024 were 3.01M with a Short Ratio of 2.15, compared to 3.56M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.31% and a Short% of Float of 2.41%.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.06 and a low estimate of $0.03, while EPS last year was $0.03. The consensus estimate for the next quarter is $0.13, with high estimates of $0.14 and low estimates of $0.12.
Analysts are recommending an EPS of between $0.38 and $0.34 for the fiscal current year, implying an average EPS of $0.36. EPS for the following year is $0.49, with 4 analysts recommending between $0.58 and $0.4.
Revenue Estimates
5 analysts predict $154.91M in revenue for the current quarter. It ranges from a high estimate of $158.4M to a low estimate of $152M. As of the current estimate, Tetra Technologies, Inc.’s year-ago sales were $146.21M, an estimated increase of 6.00% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $185.13M, an increase of 5.50% less than the figure of $6.00% in the same quarter last year. There is a high estimate of $193.53M for the next quarter, whereas the lowest estimate is $176.4M.
A total of 5 analysts have provided revenue estimates for TTI’s current fiscal year. The highest revenue estimate was $680.74M, while the lowest revenue estimate was $669.6M, resulting in an average revenue estimate of $675.99M. In the same quarter a year ago, actual revenue was $626.26M, up 7.90% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $758.99M in the next fiscal year. The high estimate is $793.8M and the low estimate is $721M. The average revenue growth estimate for next year is up 12.30% from the average revenue estimate for this year.
