Equities research analysts forecast that Tutor Perini Corp (NYSE:TPC) will post earnings of $0.23 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Tutor Perini’s earnings, with estimates ranging from $0.18 to $0.30. Tutor Perini reported earnings per share of $0.59 in the same quarter last year, which indicates a negative year-over-year growth rate of 61%. The company is scheduled to issue its next earnings report after the market closes on Tuesday, August 7th.
According to Zacks, analysts expect that Tutor Perini will report full year earnings of $1.78 per share for the current year, with EPS estimates ranging from $1.52 to $1.98. For the next financial year, analysts expect that the firm will report earnings of $2.89 per share, with EPS estimates ranging from $2.57 to $3.10. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Tutor Perini.
Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Wednesday, May 9th. The construction company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.22). The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Tutor Perini had a return on equity of 4.95% and a net margin of 2.62%. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share.
Several research firms recently weighed in on TPC. ValuEngine raised shares of Tutor Perini from a “strong sell” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research cut shares of Tutor Perini from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $30.88.
In other Tutor Perini news, major shareholder N. Tutor Separate Prope Ronald sold 50,000 shares of Tutor Perini stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $20.53, for a total value of $1,026,500.00. Following the completion of the transaction, the insider now directly owns 5,761,601 shares of the company’s stock, valued at approximately $118,285,668.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 24.50% of the company’s stock.
Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in Tutor Perini by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,197,711 shares of the construction company’s stock valued at $92,560,000 after buying an additional 11,080 shares in the last quarter. Frontier Capital Management Co. LLC grew its position in shares of Tutor Perini by 31.8% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 4,030,807 shares of the construction company’s stock worth $74,368,000 after buying an additional 971,423 shares during the last quarter. Boston Partners grew its position in shares of Tutor Perini by 6.9% in the 2nd quarter. Boston Partners now owns 2,811,270 shares of the construction company’s stock worth $51,868,000 after buying an additional 182,040 shares during the last quarter. BlackRock Inc. grew its position in shares of Tutor Perini by 0.6% in the 1st quarter. BlackRock Inc. now owns 2,521,192 shares of the construction company’s stock worth $55,594,000 after buying an additional 13,943 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Tutor Perini by 21.5% in the 1st quarter. Russell Investments Group Ltd. now owns 1,214,801 shares of the construction company’s stock worth $26,787,000 after buying an additional 214,983 shares during the last quarter. 90.12% of the stock is owned by institutional investors and hedge funds.
Tutor Perini traded up $0.10, hitting $18.25, during trading on Tuesday, according to Marketbeat. 253,287 shares of the company traded hands, compared to its average volume of 275,749. The stock has a market capitalization of $903.71 million, a price-to-earnings ratio of 11.20, a PEG ratio of 0.84 and a beta of 2.01. Tutor Perini has a 1 year low of $17.55 and a 1 year high of $29.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.00 and a current ratio of 2.00.
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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