Tutor Perini (NYSE:TPC) Announces Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Tutor Perini (NYSE:TPC) released its quarterly earnings data on Thursday. The construction company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.15, FiscalAI reports. Tutor Perini had a net margin of 1.45% and a return on equity of 18.15%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the firm earned ($1.49) EPS. Tutor Perini’s quarterly revenue was up 41.2% on a year-over-year basis. Tutor Perini updated its FY 2026 guidance to 4.900-5.300 EPS.

Here are the key takeaways from Tutor Perini’s conference call:

• Tutor Perini delivered a record 2025 with $5.5 billion of revenue, a record $748 million of operating cash flow and $4.29 of adjusted EPS, and management is guiding to double‑digit revenue growth and adjusted EPS of $4.90–$5.30 in 2026.
• Backlog provides multi‑year visibility — year‑end backlog was $20.6 billion (up 10%) driven by $7.4 billion of 2025 awards including several mega projects, and management says nine mega projects (~$16 billion) have healthy margins and favorable contract terms.
• Balance sheet and capital return progress: total debt down 24%, ended 2025 with a net cash position of $327 million, the board authorized a first quarterly dividend (six cents) and a $200 million buyback program, and management expects refinancing to cut interest costs.
• Near‑term risks include some backlog “lumpiness” (management expects modest near‑term backlog reduction before resumed growth) and about a dozen remaining legacy dispute matters that could still affect results despite recent settlements and a near‑term ~$40 million recovery.

Tutor Perini Trading Down 15.8%

Shares of NYSE:TPC traded down $14.12 during midday trading on Friday, reaching $75.26. 2,953,724 shares of the company’s stock were exchanged, compared to its average volume of 627,219. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 49.52 and a beta of 2.21. Tutor Perini has a fifty-two week low of $18.33 and a fifty-two week high of $89.51. The firm’s 50 day simple moving average is $76.93 and its two-hundred day simple moving average is $68.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.30 and a quick ratio of 1.30.

Tutor Perini Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.06 per share. The ex-dividend date is Tuesday, March 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Tutor Perini’s dividend payout ratio is currently -45.28%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Tutor Perini by 1.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,087,666 shares of the construction company’s stock valued at $71,340,000 after acquiring an additional 10,898 shares during the period. State Street Corp increased its holdings in Tutor Perini by 1.0% in the 4th quarter. State Street Corp now owns 1,018,311 shares of the construction company’s stock valued at $68,247,000 after purchasing an additional 10,368 shares during the last quarter. Gendell Jeffrey L raised its position in Tutor Perini by 95.0% in the fourth quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company’s stock valued at $59,642,000 after purchasing an additional 433,559 shares during the period. Millennium Management LLC lifted its stake in Tutor Perini by 18.7% during the third quarter. Millennium Management LLC now owns 824,821 shares of the construction company’s stock worth $54,100,000 after purchasing an additional 129,941 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Tutor Perini by 5.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 779,292 shares of the construction company’s stock worth $52,228,000 after purchasing an additional 43,757 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Analyst Upgrades and Downgrades

TPC has been the subject of several recent research reports. Wall Street Zen cut Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, January 21st. UBS Group lifted their price target on Tutor Perini from $67.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, B. Riley Financial reissued a “buy” rating on shares of Tutor Perini in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $80.50.

Key Tutor Perini News

Here are the key news stories impacting Tutor Perini this week:

• Positive Sentiment: Q4 outperformance — Tutor Perini reported $1.07 EPS vs. $0.92 expected and revenue of $1.51B (up 41.2% YoY), driven by record revenue growth. These results show strong top‑line momentum. Earnings Press Release
• Positive Sentiment: Raised FY‑2026 guidance — Management set EPS guidance of $4.90–$5.30, modestly above consensus (4.78), signaling confidence in 2026 execution and continuing backlog conversion. Guidance Detail
• Positive Sentiment: Management commentary / call highlights emphasize strategic growth and record revenue trends, reinforcing the beat and guidance narrative. Call Highlights
• Neutral Sentiment: Dividend declared — Tutor Perini declared a $0.06 quarterly dividend (annualized yield ~0.3%; ex‑div March 10), a small signal of cash return but not likely a material driver for the stock.
• Neutral Sentiment: Earnings call transcript is available for deeper read — investors can review management’s details on margins, backlog and assumptions. Earnings Transcript
• Negative Sentiment: Market reaction / profit‑taking — Despite the beat and raised guidance, the stock sold off sharply. Commentary and analysis note the decline may reflect profit‑taking after a recent run, elevated intraday volume, and the stock’s high beta (volatility), rather than a fundamental reversal. Why Did Tutor Perini Stock Drop Today?
• Negative Sentiment: Remaining concerns — Some investors may be focusing on provision/margin dynamics (reported negative net margin on a GAAP basis) and the company’s historical earnings variability; these issues can temper enthusiasm and amplify volatility. Financial Details

About Tutor Perini

Tutor Perini Corporation is a leading U.S. construction company that provides diversified general contracting, construction management and design-build services to private clients and public agencies. The company operates through three principal market segments—Civil, Building and Specialty Contractors—serving a broad range of infrastructure and vertical construction needs.

In its Civil segment, Tutor Perini delivers heavy civil infrastructure projects including highways and bridges, water management, dams, tunnels and rail systems.