Tutor Perini Corporation (TPC) Issues FY17 Earnings Guidance
Tutor Perini Corporation (NYSE:TPC) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $2.10 – $2.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.29. The company issued revenue guidance of at least $5.50 billion, compared to the consensus revenue estimate of $5.45 billion.
Tutor Perini Corporation (NYSE:TPC) traded down 0.38% during mid-day trading on Monday, hitting $26.15. The stock had a trading volume of 518,431 shares. Tutor Perini Corporation has a one year low of $18.05 and a one year high of $33.00. The company has a 50 day moving average price of $27.81 and a 200 day moving average price of $28.98. The stock has a market cap of $1.30 billion, a P/E ratio of 13.95 and a beta of 2.42.
Several equities analysts have recently commented on TPC shares. Zacks Investment Research raised shares of Tutor Perini Corporation from a hold rating to a buy rating and set a $32.00 price target on the stock in a research report on Wednesday, July 5th. BidaskClub raised shares of Tutor Perini Corporation from a sell rating to a hold rating in a research report on Thursday, July 6th. Finally, Canaccord Genuity reaffirmed a buy rating on shares of Tutor Perini Corporation in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $31.29.
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About Tutor Perini Corporation
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.
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