Tutor Perini Corp (TPC) Expected to Post Earnings of $0.05 Per Share

Equities analysts expect Tutor Perini Corp (NYSE:TPC) to post earnings of $0.05 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Tutor Perini’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.07. Tutor Perini reported earnings per share of $0.01 in the same quarter last year, which indicates a positive year over year growth rate of 400%. The company is expected to announce its next earnings report on Wednesday, May 8th.

According to Zacks, analysts expect that Tutor Perini will report full year earnings of $2.12 per share for the current fiscal year, with EPS estimates ranging from $2.01 to $2.25. For the next fiscal year, analysts forecast that the business will report earnings of $2.81 per share, with EPS estimates ranging from $2.43 to $3.15. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Tutor Perini.

Tutor Perini (NYSE:TPC) last released its earnings results on Wednesday, February 27th. The construction company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.17. Tutor Perini had a net margin of 1.87% and a return on equity of 5.56%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the company posted $1.60 EPS. The company’s revenue was down .8% compared to the same quarter last year.

TPC has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Tutor Perini from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Wednesday, March 27th. UBS Group downgraded shares of Tutor Perini from a “buy” rating to a “neutral” rating and cut their target price for the company from $24.00 to $19.00 in a research report on Friday, February 1st. DA Davidson downgraded shares of Tutor Perini from a “buy” rating to a “neutral” rating and cut their target price for the company from $32.00 to $20.00 in a research report on Tuesday, January 22nd. TheStreet raised Tutor Perini from a “c+” rating to a “b-” rating in a research note on Wednesday, March 20th. Finally, KeyCorp set a $24.00 price target on Tutor Perini and gave the company a “buy” rating in a research note on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Tutor Perini presently has a consensus rating of “Hold” and an average price target of $22.17.

Hedge funds have recently made changes to their positions in the company. NumerixS Investment Technologies Inc bought a new stake in shares of Tutor Perini in the 4th quarter valued at about $32,000. Covington Capital Management increased its stake in Tutor Perini by 90.2% during the 4th quarter. Covington Capital Management now owns 8,435 shares of the construction company’s stock worth $135,000 after purchasing an additional 4,000 shares in the last quarter. New Jersey Better Educational Savings Trust bought a new stake in Tutor Perini during the 4th quarter worth approximately $160,000. Metropolitan Life Insurance Co. NY increased its stake in Tutor Perini by 363.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 12,264 shares of the construction company’s stock worth $196,000 after purchasing an additional 9,618 shares in the last quarter. Finally, Menta Capital LLC bought a new stake in Tutor Perini during the 4th quarter worth approximately $201,000. 90.80% of the stock is owned by institutional investors.

Tutor Perini stock traded up $0.33 during trading hours on Wednesday, reaching $19.87. 219,062 shares of the company’s stock traded hands, compared to its average volume of 311,149. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. Tutor Perini has a fifty-two week low of $14.66 and a fifty-two week high of $22.20. The company has a market cap of $980.52 million, a PE ratio of 10.40, a PEG ratio of 0.90 and a beta of 1.86.

Tutor Perini Company Profile

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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Earnings History and Estimates for Tutor Perini (NYSE:TPC)

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