Tutor Perini (NYSE:TPC) posted its earnings results on Tuesday. The construction company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.06, reports. Tutor Perini had a return on equity of 6.16% and a net margin of 2.03%. Tutor Perini updated its FY18 guidance to $1.90-$2.30 EPS.
Shares of Tutor Perini (NYSE TPC) traded down $0.65 during mid-day trading on Tuesday, reaching $21.85. The company had a trading volume of 562,544 shares, compared to its average volume of 523,590. The stock has a market capitalization of $1,090.00, a PE ratio of 11.32, a price-to-earnings-growth ratio of 0.84 and a beta of 2.13. Tutor Perini has a 12 month low of $21.15 and a 12 month high of $32.70. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.07 and a current ratio of 2.07.
Several research firms have recently issued reports on TPC. Zacks Investment Research raised Tutor Perini from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Saturday, January 20th. B. Riley reissued a “buy” rating on shares of Tutor Perini in a research note on Wednesday, November 1st. ValuEngine raised Tutor Perini from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. reduced their target price on Tutor Perini from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Finally, Canaccord Genuity reduced their price target on Tutor Perini from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Tutor Perini currently has an average rating of “Hold” and a consensus price target of $31.40.
In related news, Director Dale Ann Reiss sold 4,829 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $27.28, for a total value of $131,735.12. Following the sale, the director now directly owns 20,625 shares of the company’s stock, valued at $562,650. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $25.60, for a total value of $640,000.00. Following the completion of the sale, the insider now directly owns 5,798,120 shares in the company, valued at $148,431,872. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,829 shares of company stock worth $1,400,985. 24.50% of the stock is owned by insiders.
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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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