Tutor Perini (NYSE:TPC) Issues FY 2024 Earnings Guidance

Tutor Perini (NYSE:TPC) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.850-1.100 for the period, compared to the consensus EPS estimate of 0.880. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Tutor Perini from a hold rating to a buy rating in a research note on Friday.

Tutor Perini Stock Up 28.0 %

NYSE TPC traded up $3.89 on Friday, reaching $17.78. The company had a trading volume of 1,549,590 shares, compared to its average volume of 431,275. Tutor Perini has a 52 week low of $4.90 and a 52 week high of $17.95. The stock’s 50 day moving average is $12.91 and its 200-day moving average is $9.93. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.61.

Tutor Perini (NYSE:TPC) last posted its earnings results on Wednesday, February 28th. The construction company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.98). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $951.50 million. Tutor Perini had a negative return on equity of 7.99% and a negative net margin of 2.56%. As a group, analysts predict that Tutor Perini will post 0.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Tutor Perini

In other Tutor Perini news, President Gary G. Smalley sold 20,303 shares of Tutor Perini stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $12.40, for a total transaction of $251,757.20. Following the transaction, the president now directly owns 160,507 shares in the company, valued at $1,990,286.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, President Gary G. Smalley sold 20,303 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $12.40, for a total transaction of $251,757.20. Following the completion of the sale, the president now directly owns 160,507 shares of the company’s stock, valued at approximately $1,990,286.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Gary G. Smalley sold 27,958 shares of Tutor Perini stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $12.86, for a total transaction of $359,539.88. Following the completion of the transaction, the president now directly owns 112,245 shares in the company, valued at approximately $1,443,470.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,201 shares of company stock valued at $822,980. Corporate insiders own 19.50% of the company’s stock.

About Tutor Perini

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.