Tutor Perini Corporation (NYSE:TPC) will announce its earnings results after the market closes on Thursday, November 9th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Tutor Perini Corporation has set its FY17 guidance at $2.10 – $2.40 EPS.

Tutor Perini Corporation (NYSE:TPC) last issued its quarterly earnings data on Monday, August 7th. The construction company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $1.25 billion during 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 company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. On average, analysts expect Tutor Perini Corporation to post $2.22 EPS for the current fiscal year and $2.71 EPS for the next fiscal year.

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In related news, CEO Ronald N. Tutor sold 3,617 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $26.02, for a total transaction of $94,114.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the firm’s 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 sale, the insider now directly owns 5,923,120 shares of the company’s stock, valued at approximately $154,652,663.20. 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 three months. 24.50% of the stock is owned by insiders.

A number of brokerages have weighed in on TPC. 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. BidaskClub raised shares of Tutor Perini Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Seaport Global Securities downgraded shares of Tutor Perini Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the company from $40.00 to $31.00 in a research note on Wednesday, October 11th. Canaccord Genuity reaffirmed a “buy” rating and set a $35.00 target price on shares of Tutor Perini Corporation in a research note on Saturday, August 26th. Finally, KeyCorp reaffirmed 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 issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.00.

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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