Wall Street brokerages expect that Tutor Perini Corp (NYSE:TPC) will post earnings of $0.29 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Tutor Perini Corp’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.30. Tutor Perini Corp reported earnings per share of $0.31 in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.5%. The company is scheduled to issue its next quarterly earnings results on Wednesday, May 3rd.
According to Zacks, analysts expect that Tutor Perini Corp will report full-year earnings of $2.22 per share for the current fiscal year, with EPS estimates ranging from $2.14 to $2.25. For the next financial year, analysts anticipate that the company will report earnings of $2.74 per share, with EPS estimates ranging from $2.56 to $2.94. Zacks’ EPS calculations are an average based on a survey of research firms that cover Tutor Perini Corp.
Tutor Perini Corp (NYSE:TPC) last released its quarterly earnings results on Thursday, February 23rd. The construction company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Tutor Perini Corp had a return on equity of 5.05% and a net margin of 1.51%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 EPS.
TPC has been the subject of a number of research reports. Standpoint Research upgraded shares of Tutor Perini Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, January 25th. Canaccord Genuity boosted their target price on shares of Tutor Perini Corp from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 19th. MKM Partners boosted their target price on shares of Tutor Perini Corp from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, December 28th. DA Davidson restated a “buy” rating on shares of Tutor Perini Corp in a research report on Thursday, February 16th. Finally, FBR & Co boosted their target price on shares of Tutor Perini Corp from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, January 26th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $29.50.
Tutor Perini Corp (NYSE:TPC) traded up 0.16% during trading on Monday, hitting $31.20. The stock had a trading volume of 577,277 shares. Tutor Perini Corp has a 12 month low of $14.95 and a 12 month high of $33.00. The firm has a 50 day moving average of $30.63 and a 200-day moving average of $27.31. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 16.25 and a beta of 2.60.
In related news, COO James A. Frost sold 110,000 shares of the business’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $30.27, for a total transaction of $3,329,700.00. Following the completion of the transaction, the chief operating officer now directly owns 534,661 shares in the company, valued at $16,184,188.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 23.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of TPC. US Bancorp DE increased its position in shares of Tutor Perini Corp by 746.7% in the third quarter. US Bancorp DE now owns 5,199 shares of the construction company’s stock worth $112,000 after buying an additional 4,585 shares during the period. Dreman Value Management L L C increased its position in shares of Tutor Perini Corp by 4,694.1% in the third quarter. Dreman Value Management L L C now owns 8,150 shares of the construction company’s stock worth $175,000 after buying an additional 7,980 shares during the period. Sei Investments Co. purchased a new position in shares of Tutor Perini Corp during the third quarter worth $191,000. Bayesian Capital Management LP purchased a new position in shares of Tutor Perini Corp during the fourth quarter worth $216,000. Finally, A.R.T. Advisors LLC purchased a new position in shares of Tutor Perini Corp during the fourth quarter worth $242,000. Institutional investors own 80.29% of the company’s stock.
About Tutor Perini Corp
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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