Tutor Perini Corporation (NYSE:TPC) issued its quarterly earnings data on Monday. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02, Bloomberg Earnings reports. Tutor Perini Corporation had a return on equity of 6.15% and a net margin of 1.88%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the firm earned $0.43 EPS. Tutor Perini Corporation’s quarterly revenue was down 4.7% compared to the same quarter last year. Tutor Perini Corporation updated its FY17 guidance to $2.10 – $2.40 EPS.

Tutor Perini Corporation (TPC) traded down 0.38% during midday trading on Monday, reaching $26.15. The company’s stock had a trading volume of 518,431 shares. The firm has a market cap of $1.30 billion, a P/E ratio of 13.95 and a beta of 2.42. The firm has a 50 day moving average of $27.81 and a 200 day moving average of $28.98. Tutor Perini Corporation has a 52-week low of $18.05 and a 52-week high of $33.00.

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Several hedge funds have recently modified their holdings of the stock. LSV Asset Management raised its stake in shares of Tutor Perini Corporation by 2.5% in the first quarter. LSV Asset Management now owns 1,716,956 shares of the construction company’s stock valued at $54,599,000 after buying an additional 41,808 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in shares of Tutor Perini Corporation by 0.5% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 726,881 shares of the construction company’s stock valued at $23,115,000 after buying an additional 3,968 shares during the last quarter. Hillcrest Asset Management LLC raised its stake in shares of Tutor Perini Corporation by 7.9% in the first quarter. Hillcrest Asset Management LLC now owns 391,632 shares of the construction company’s stock valued at $12,454,000 after buying an additional 28,800 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Tutor Perini Corporation during the first quarter valued at about $4,172,000. Finally, KAMES CAPITAL plc purchased a new stake in shares of Tutor Perini Corporation during the first quarter valued at about $737,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

TPC has been the subject of several research analyst reports. BidaskClub upgraded Tutor Perini Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research lowered Tutor Perini Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Tutor Perini Corporation in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Tutor Perini Corporation presently has a consensus rating of “Buy” and a consensus target price of $31.29.

Tutor Perini Corporation Company Profile

Tutor Perini Corporation is a construction company offering general contracting, construction management and design-build services to private customers and public agencies across the world. The Company operates through three segments: Civil, Building and Specialty Contractors. Its Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure across various geographic regions of the United States.

Earnings History for Tutor Perini Corporation (NYSE:TPC)

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