Tutor Perini (NYSE:TPC) posted its quarterly earnings results on Thursday. The construction company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.24), Fidelity Earnings reports. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Tutor Perini had a net margin of 2.17% and a return on equity of 5.42%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 EPS. Tutor Perini updated its FY 2019 guidance to $1.60-1.80 EPS and its FY19 guidance to $1.60-1.80 EPS.
Shares of NYSE:TPC traded down $1.07 during trading on Friday, reaching $9.98. 3,237,320 shares of the stock were exchanged, compared to its average volume of 418,932. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.09 and a current ratio of 2.09. Tutor Perini has a 12-month low of $9.26 and a 12-month high of $21.35. The firm has a market capitalization of $536.93 million, a price-to-earnings ratio of 5.23, a price-to-earnings-growth ratio of 0.51 and a beta of 1.87. The company has a 50-day moving average price of $13.30.
In other news, major shareholder N. Tutor Separate Prope Ronald sold 20,000 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $16.51, for a total transaction of $330,200.00. Following the completion of the sale, the insider now owns 5,594,050 shares in the company, valued at approximately $92,357,765.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ronald N. Tutor sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $16.55, for a total value of $827,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 120,000 shares of company stock valued at $1,823,200 in the last quarter. Company insiders own 24.30% 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 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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