Wall Street brokerages expect Tutor Perini (NYSE:TPC) to announce earnings of $0.31 per share for the current quarter, according to Zacks. Three analysts have made estimates for Tutor Perini’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.38. Tutor Perini reported earnings of $0.27 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 14.8%. The firm is expected to report its next earnings report on Wednesday, May 2nd.
On average, analysts expect that Tutor Perini will report full-year earnings of $2.20 per share for the current financial year, with EPS estimates ranging from $2.10 to $2.25. For the next financial year, analysts expect that the company will post earnings of $2.87 per share, with EPS estimates ranging from $2.51 to $3.10. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Tutor Perini.
Tutor Perini (NYSE:TPC) last posted its earnings results on Tuesday, February 27th. The construction company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.05. Tutor Perini had a return on equity of 5.86% and a net margin of 3.12%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.37 billion.
A number of research firms have recently weighed in on TPC. Zacks Investment Research upgraded Tutor Perini from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Wednesday, February 14th. ValuEngine lowered Tutor Perini from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. DA Davidson restated a “buy” rating on shares of Tutor Perini in a report on Wednesday, February 28th. MKM Partners set a $27.00 target price on Tutor Perini and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, Alembic Global Advisors restated a “buy” rating on shares of Tutor Perini in a report on Monday, March 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $30.43.
In related news, major shareholder N. Tutor Separate Prope Ronald sold 50,000 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $22.26, for a total transaction of $1,113,000.00. Following the completion of the sale, the insider now directly owns 5,748,120 shares of the company’s stock, valued at $127,953,151.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 24.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Aperio Group LLC increased its position in shares of Tutor Perini by 21.3% during the fourth quarter. Aperio Group LLC now owns 12,019 shares of the construction company’s stock valued at $305,000 after acquiring an additional 2,108 shares during the last quarter. Afam Capital Inc. increased its position in shares of Tutor Perini by 2.3% during the fourth quarter. Afam Capital Inc. now owns 172,818 shares of the construction company’s stock valued at $4,381,000 after acquiring an additional 3,807 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Tutor Perini in the fourth quarter worth $101,000. JPMorgan Chase & Co. increased its position in Tutor Perini by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 295,249 shares of the construction company’s stock worth $8,444,000 after buying an additional 4,077 shares during the last quarter. Finally, Anchor Bolt Capital LP increased its position in Tutor Perini by 1.8% in the fourth quarter. Anchor Bolt Capital LP now owns 245,729 shares of the construction company’s stock worth $6,229,000 after buying an additional 4,227 shares during the last quarter. 85.43% of the stock is owned by institutional investors.
TPC stock opened at $21.80 on Tuesday. Tutor Perini has a twelve month low of $20.20 and a twelve month high of $31.92. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.94 and a current ratio of 1.94. The company has a market capitalization of $1,075.49, a PE ratio of 15.14, a P/E/G ratio of 0.98 and a beta of 2.04.
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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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