Tutor Perini Corporation (NYSE:TPC) – Analysts at Seaport Global Securities issued their Q3 2017 earnings per share estimates for Tutor Perini Corporation in a research report issued on Wednesday. Seaport Global Securities analyst M. Shlisky expects that the construction company will post earnings of $0.70 per share for the quarter. Seaport Global Securities currently has a “Neutral” rating and a $31.00 target price on the stock. Seaport Global Securities also issued estimates for Tutor Perini Corporation’s Q4 2017 earnings at $0.68 EPS, FY2017 earnings at $2.24 EPS, Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $0.72 EPS, Q3 2018 earnings at $0.84 EPS, Q4 2018 earnings at $0.82 EPS and FY2018 earnings at $2.83 EPS.

Tutor Perini Corporation (NYSE:TPC) last announced its quarterly earnings results on Monday, August 7th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.42 billion. Tutor Perini Corporation had a net margin of 2.08% and a return on equity of 6.60%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 EPS.

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Several other brokerages also recently issued reports on TPC. BidaskClub raised shares of Tutor Perini Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research downgraded shares of Tutor Perini Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Canaccord Genuity reissued a “buy” rating on shares of Tutor Perini Corporation in a research note on Friday, June 23rd. Finally, KeyCorp reissued a “hold” rating on shares of Tutor Perini Corporation in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Tutor Perini Corporation has a consensus rating of “Hold” and an average price target of $32.00.

Shares of Tutor Perini Corporation (NYSE TPC) opened at 28.00 on Friday. The stock’s 50 day moving average is $27.12 and its 200-day moving average is $27.83. The firm has a market cap of $1.39 billion, a P/E ratio of 13.77 and a beta of 2.45. Tutor Perini Corporation has a one year low of $18.05 and a one year high of $33.00.

In other Tutor Perini Corporation news, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $26.11, for a total transaction of $652,750.00. Following the transaction, the insider now owns 5,923,120 shares of the company’s stock, valued at $154,652,663.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ronald N. Tutor sold 75,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $26.09, for a total transaction of $1,956,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 175,000 shares of company stock worth $4,566,711. 24.50% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. purchased a new position in Tutor Perini Corporation during the first quarter worth approximately $101,000. Envestnet Asset Management Inc. raised its stake in Tutor Perini Corporation by 8.1% during the first quarter. Envestnet Asset Management Inc. now owns 4,516 shares of the construction company’s stock worth $144,000 after purchasing an additional 340 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in Tutor Perini Corporation during the first quarter worth approximately $218,000. BNP Paribas Arbitrage SA raised its stake in Tutor Perini Corporation by 239.8% during the second quarter. BNP Paribas Arbitrage SA now owns 8,112 shares of the construction company’s stock worth $233,000 after purchasing an additional 5,725 shares during the period. Finally, Eqis Capital Management Inc. purchased a new position in Tutor Perini Corporation during the second quarter worth approximately $291,000. 81.11% of the stock is currently owned by institutional investors.

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 and Estimates for Tutor Perini Corporation (NYSE:TPC)

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