Tutor Perini Corporation (NYSE:TPC) – Analysts at DA Davidson issued their FY2019 earnings estimates for shares of Tutor Perini Corporation in a note issued to investors on Wednesday. DA Davidson analyst B. Thielman anticipates that the construction company will post earnings per share of $3.20 for the year.

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

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A number of other equities research analysts have also weighed in on the company. BidaskClub lowered Tutor Perini Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research lowered Tutor Perini Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. KeyCorp reiterated a “hold” rating on shares of Tutor Perini Corporation in a research report on Friday, August 25th. Seaport Global Securities lowered Tutor Perini Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $40.00 to $31.00 in a research report on Wednesday, October 11th. Finally, Canaccord Genuity restated a “buy” rating and issued a $35.00 target price on shares of Tutor Perini Corporation in a research note on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $32.00.

Tutor Perini Corporation (NYSE:TPC) opened at 27.90 on Monday. Tutor Perini Corporation has a 1-year low of $18.05 and a 1-year high of $33.00. The company has a 50 day moving average price of $27.58 and a 200-day moving average price of $27.71. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 13.72 and a beta of 2.45.

In other Tutor Perini Corporation news, CEO Ronald N. Tutor sold 75,000 shares of Tutor Perini Corporation stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder N. Tutor Separate Prope Ronald sold 71,383 shares of Tutor Perini Corporation stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $26.10, for a total value of $1,863,096.30. Following the transaction, the insider now owns 5,919,503 shares of the company’s stock, valued at approximately $154,499,028.30. The disclosure for this sale can be found here. Insiders have sold 175,000 shares of company stock valued at $4,566,711 in the last quarter. 24.50% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new position in shares of Tutor Perini Corporation in the first quarter worth $101,000. Envestnet Asset Management Inc. raised its stake in shares of Tutor Perini Corporation by 8.1% in 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 last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Tutor Perini Corporation by 239.8% in 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 last quarter. OppenheimerFunds Inc. purchased a new position in shares of Tutor Perini Corporation in the first quarter worth $310,000. Finally, Karp Capital Management Corp purchased a new position in shares of Tutor Perini Corporation in the first quarter worth $318,000. Hedge funds and other institutional investors own 81.11% of the company’s stock.

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.

Earnings History and Estimates for Tutor Perini Corporation (NYSE:TPC)

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