Equities research analysts forecast that Tutor Perini Corp (NYSE:TPC) will announce sales of $1.14 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Tutor Perini’s earnings. The highest sales estimate is $1.19 billion and the lowest is $1.11 billion. Tutor Perini reported sales of $1.12 billion in the same quarter last year, which suggests a positive year over year growth rate of 1.8%. The business is scheduled to report its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that Tutor Perini will report full year sales of $1.14 billion for the current fiscal year, with estimates ranging from $5.14 billion to $5.24 billion. For the next financial year, analysts anticipate that the company will report sales of $5.68 billion per share, with estimates ranging from $5.56 billion to $5.77 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Tutor Perini.
Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.55 earnings per share for the quarter, topping 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 return on equity of 5.86% and a net margin of 3.12%.
TPC stock opened at $22.05 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.41. Tutor Perini has a fifty-two week low of $20.20 and a fifty-two week high of $32.70. The firm has a market cap of $1,097.89, a price-to-earnings ratio of 15.31, a PEG ratio of 1.00 and a beta of 2.06.
In related news, major shareholder N. Tutor Separate Prope Ronald sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $22.26, for a total value of $1,113,000.00. Following the sale, 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 Securities & Exchange Commission, which is accessible through this link. 24.50% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its stake in Tutor Perini by 10.8% in the fourth quarter. Alliancebernstein L.P. now owns 2,723,211 shares of the construction company’s stock valued at $69,033,000 after buying an additional 266,359 shares in the last quarter. BlackRock Inc. boosted its stake in Tutor Perini by 3.7% in the fourth quarter. BlackRock Inc. now owns 2,507,249 shares of the construction company’s stock valued at $63,558,000 after buying an additional 89,508 shares in the last quarter. Boston Partners boosted its stake in Tutor Perini by 7.8% in the fourth quarter. Boston Partners now owns 2,466,012 shares of the construction company’s stock valued at $62,513,000 after buying an additional 177,580 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in Tutor Perini by 27.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,405,525 shares of the construction company’s stock valued at $60,980,000 after buying an additional 516,367 shares in the last quarter. Finally, Emerald Advisers Inc. PA boosted its stake in Tutor Perini by 23.5% in the fourth quarter. Emerald Advisers Inc. PA now owns 1,134,804 shares of the construction company’s stock valued at $28,767,000 after buying an additional 216,033 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.
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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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