Zacks: Analysts Anticipate Tutor Perini Corp (TPC) to Post $0.35 EPS

Brokerages forecast that Tutor Perini Corp (NYSE:TPC) will report earnings of $0.35 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Tutor Perini’s earnings, with estimates ranging from $0.31 to $0.38. Tutor Perini reported earnings of $0.27 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 29.6%. The company is expected to report its next earnings results on Wednesday, May 2nd.

On average, analysts expect that Tutor Perini will report full year earnings of $2.20 per share for the current year, with EPS estimates ranging from $2.10 to $2.25. For the next year, analysts expect that the firm will report earnings of $2.87 per share, with EPS estimates ranging from $2.51 to $3.10. Zacks’ EPS calculations are an average based on a survey of analysts that cover Tutor Perini.

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Tutor Perini (NYSE:TPC) last released its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Tutor Perini had a net margin of 3.12% and a return on equity of 5.86%.

Several equities research analysts have recently issued reports on the stock. ValuEngine cut shares of Tutor Perini from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. MKM Partners set a $27.00 price objective on shares of Tutor Perini and gave the company a “buy” rating in a research report on Wednesday, February 28th. B. Riley reduced their price objective on shares of Tutor Perini from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. DA Davidson reiterated a “buy” rating on shares of Tutor Perini in a research report on Wednesday, February 28th. Finally, Zacks Investment Research cut shares of Tutor Perini from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $30.43.

Shares of Tutor Perini stock traded up $0.80 on Friday, hitting $22.05. 726,575 shares of the company traded hands, compared to its average volume of 718,735. The stock has a market cap of $1,097.89, a P/E ratio of 15.31, a PEG ratio of 1.00 and a beta of 2.06. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.94 and a quick ratio of 1.94. Tutor Perini has a 52 week low of $20.20 and a 52 week high of $32.70.

In related news, major shareholder N. Tutor Separate Prope Ronald sold 50,000 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $22.26, for a total value of $1,113,000.00. Following the completion of the transaction, the insider now directly owns 5,748,120 shares of the company’s stock, valued at $127,953,151.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 24.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Frontier Capital Management Co. LLC boosted its stake in Tutor Perini by 27.3% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,405,525 shares of the construction company’s stock worth $60,980,000 after buying an additional 516,367 shares during the period. Alliancebernstein L.P. boosted its stake in Tutor Perini by 10.8% during the fourth quarter. Alliancebernstein L.P. now owns 2,723,211 shares of the construction company’s stock worth $69,033,000 after buying an additional 266,359 shares during the period. Formula Growth Ltd. purchased a new position in Tutor Perini during the third quarter worth $7,526,000. Asset Management One Co. Ltd. boosted its stake in Tutor Perini by 204.9% during the third quarter. Asset Management One Co. Ltd. now owns 343,589 shares of the construction company’s stock worth $9,827,000 after buying an additional 230,916 shares during the period. Finally, SG Capital Management LLC purchased a new position in Tutor Perini during the fourth quarter worth $5,665,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

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Tutor Perini Company Profile

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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Earnings History and Estimates for Tutor Perini (NYSE:TPC)

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