$0.50 EPS Expected for Tutor Perini Corp (TPC) This Quarter

Analysts expect Tutor Perini Corp (NYSE:TPC) to report earnings per share (EPS) of $0.50 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Tutor Perini’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.54. Tutor Perini posted earnings of $0.60 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 16.7%. The company is expected to issue its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Tutor Perini will report full year earnings of $1.83 per share for the current year, with EPS estimates ranging from $1.80 to $1.87. For the next fiscal year, analysts anticipate that the company will report earnings of $2.67 per share, with EPS estimates ranging from $2.20 to $3.02. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Tutor Perini.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Thursday, November 9th. The construction company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.22). The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.54 billion. Tutor Perini had a return on equity of 6.16% and a net margin of 2.03%. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 EPS.

A number of research analysts have commented on TPC shares. Seaport Global Securities cut shares of Tutor Perini from a “buy” rating to a “neutral” rating and cut their price target for the stock from $40.00 to $31.00 in a research note on Wednesday, October 11th. Zacks Investment Research upgraded shares of Tutor Perini from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. B. Riley restated a “buy” rating on shares of Tutor Perini in a research note on Wednesday, November 1st. Canaccord Genuity cut their price target on shares of Tutor Perini from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, November 10th. Finally, ValuEngine cut shares of Tutor Perini from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $33.50.

Tutor Perini (TPC) opened at $27.00 on Tuesday. The company has a market cap of $1,330.00, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.01 and a beta of 2.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.07 and a current ratio of 2.07. Tutor Perini has a one year low of $22.60 and a one year high of $33.00.

In other news, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $25.60, for a total transaction of $640,000.00. Following the completion of the sale, the insider now owns 5,798,120 shares of the company’s stock, valued at $148,431,872. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dale Ann Reiss sold 4,829 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $27.28, for a total transaction of $131,735.12. Following the completion of the sale, the director now directly owns 20,625 shares of the company’s stock, valued at approximately $562,650. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 54,829 shares of company stock valued at $1,400,985. Company insiders own 24.50% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of Tutor Perini in the third quarter valued at approximately $135,000. Victory Capital Management Inc. increased its holdings in shares of Tutor Perini by 119.4% in the third quarter. Victory Capital Management Inc. now owns 6,877 shares of the construction company’s stock valued at $195,000 after purchasing an additional 3,743 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Tutor Perini in the third quarter valued at approximately $207,000. Bank of Montreal Can increased its holdings in shares of Tutor Perini by 328.5% in the fourth quarter. Bank of Montreal Can now owns 7,550 shares of the construction company’s stock valued at $191,000 after purchasing an additional 5,788 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Tutor Perini in the third quarter valued at approximately $282,000. 81.81% of the stock is owned by institutional investors and hedge funds.

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About Tutor Perini

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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