Press coverage about Tutor Perini (NYSE:TPC) has trended positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tutor Perini earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 46.6929302481062 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Tutor Perini (NYSE TPC) traded up $0.75 on Friday, reaching $27.50. 466,406 shares of the company traded hands, compared to its average volume of 371,049. The firm has a market capitalization of $1,331.64, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 1.00 and a beta of 2.37. Tutor Perini has a 52-week low of $22.60 and a 52-week high of $33.00. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.52.
Tutor Perini (NYSE:TPC) last posted its earnings results on Thursday, November 9th. The construction company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.22). Tutor Perini had a return on equity of 6.16% and a net margin of 2.03%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $0.57 EPS. Tutor Perini’s revenue for the quarter was down 10.0% on a year-over-year basis. equities analysts anticipate that Tutor Perini will post 1.83 EPS for the current year.
Several analysts have recently issued reports on TPC shares. Zacks Investment Research raised shares of Tutor Perini from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. ValuEngine cut shares of Tutor Perini from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. B. Riley decreased their price target on shares of Tutor Perini from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, November 14th. cut their price objective on shares of Tutor Perini from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Finally, Seaport Global Securities lowered shares of Tutor Perini from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $40.00 to $31.00 in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $33.83.
In related news, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $25.60, for a total transaction of $640,000.00. Following the completion of the sale, the insider now directly owns 5,798,120 shares of the company’s stock, valued at $148,431,872. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dale Ann Reiss sold 4,829 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $27.28, for a total transaction of $131,735.12. Following the sale, the director now directly owns 20,625 shares of the company’s stock, valued at $562,650. The disclosure for this sale can be found here. Insiders sold 54,829 shares of company stock valued at $1,400,985 over the last quarter. Insiders own 24.50% of the company’s stock.
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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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