Brokerages expect Tutor Perini (NYSE:TPC) to announce $0.35 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Tutor Perini’s earnings, with estimates ranging from $0.31 to $0.38. Tutor Perini reported earnings of $0.27 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 29.6%. The business is expected to report its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Tutor Perini will report full-year earnings of $2.20 per share for the current financial year, with EPS estimates ranging from $2.10 to $2.25. For the next fiscal year, analysts forecast that the firm will post earnings of $2.87 per share, with EPS estimates ranging from $2.51 to $3.10. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Tutor Perini.
Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Tuesday, February 27th. The construction company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Tutor Perini had a return on equity of 5.86% and a net margin of 3.12%.
Several research analysts have issued reports on the company. Zacks Investment Research cut Tutor Perini from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. ValuEngine cut Tutor Perini from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. KeyCorp raised shares of Tutor Perini from a “sector weight” rating to an “overweight” rating and set a $28.00 target price on the stock in a research note on Wednesday, February 28th. They noted that the move was a valuation call. Alembic Global Advisors reissued a “buy” rating on shares of Tutor Perini in a research note on Monday, March 5th. Finally, Canaccord Genuity reissued a “buy” rating and set a $32.00 target price on shares of Tutor Perini in a research note on Friday, February 16th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Tutor Perini has an average rating of “Hold” and an average target price of $30.43.
Shares of NYSE TPC traded down $0.05 during trading on Tuesday, hitting $21.60. The company had a trading volume of 391,893 shares, compared to its average volume of 587,527. The stock has a market capitalization of $1,075.49, a P/E ratio of 15.00, a P/E/G ratio of 0.98 and a beta of 2.04. Tutor Perini has a 52 week low of $20.20 and a 52 week high of $32.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.94 and a current ratio of 1.94.
In other Tutor Perini news, major shareholder N. Tutor Separate Prope Ronald sold 50,000 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $22.26, for a total transaction of $1,113,000.00. Following the sale, the insider now directly owns 5,748,120 shares of the company’s stock, valued at approximately $127,953,151.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 24.50% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of TPC. SG Americas Securities LLC purchased a new position in shares of Tutor Perini during the 3rd quarter valued at $135,000. Ameriprise Financial Inc. grew its holdings in shares of Tutor Perini by 7.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 175,008 shares of the construction company’s stock valued at $4,969,000 after acquiring an additional 12,052 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Tutor Perini during the 3rd quarter valued at $207,000. JPMorgan Chase & Co. boosted its holdings in Tutor Perini by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 295,249 shares of the construction company’s stock worth $8,444,000 after purchasing an additional 4,077 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Tutor Perini by 3.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 370,542 shares of the construction company’s stock worth $10,524,000 after purchasing an additional 12,604 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.
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Tutor Perini Company Profile
Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.
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