Q3 2019 EPS Estimates for Tutor Perini Corp (TPC) Raised by KeyCorp

Tutor Perini Corp (NYSE:TPC) – Analysts at KeyCorp lifted their Q3 2019 earnings per share estimates for shares of Tutor Perini in a research note issued to investors on Wednesday, May 8th. KeyCorp analyst T. Afzal now anticipates that the construction company will earn $0.67 per share for the quarter, up from their prior estimate of $0.63. KeyCorp currently has a “Buy” rating and a $24.00 target price on the stock. KeyCorp also issued estimates for Tutor Perini’s Q4 2019 earnings at $0.96 EPS.

Tutor Perini (NYSE:TPC) last issued its earnings results on Wednesday, May 8th. The construction company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.06). Tutor Perini had a net margin of 2.17% and a return on equity of 5.42%. The firm had revenue of $958.49 million during the quarter, compared to analyst estimates of $1.01 billion.

Several other brokerages also recently commented on TPC. ValuEngine upgraded shares of Tutor Perini from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 16th. Zacks Investment Research upgraded shares of Tutor Perini from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 13th. MKM Partners set a $27.00 target price on shares of Tutor Perini and gave the company a “buy” rating in a research note on Thursday, February 28th. DA Davidson downgraded shares of Tutor Perini from a “buy” rating to a “neutral” rating and reduced their target price for the company from $32.00 to $20.00 in a research note on Tuesday, January 22nd. Finally, TheStreet upgraded shares of Tutor Perini from a “c+” rating to a “b-” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $22.17.

Shares of NYSE:TPC opened at $16.55 on Monday. Tutor Perini has a 52 week low of $14.66 and a 52 week high of $22.02. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.09. The firm has a market capitalization of $855.57 million, a PE ratio of 8.66, a PEG ratio of 0.81 and a beta of 1.92.

A number of hedge funds and other institutional investors have recently modified their holdings of TPC. NumerixS Investment Technologies Inc purchased a new position in Tutor Perini in the fourth quarter worth $32,000. Great West Life Assurance Co. Can lifted its position in shares of Tutor Perini by 83.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 7,002 shares of the construction company’s stock valued at $120,000 after buying an additional 3,195 shares during the last quarter. Covington Capital Management lifted its position in shares of Tutor Perini by 90.2% during the 4th quarter. Covington Capital Management now owns 8,435 shares of the construction company’s stock valued at $135,000 after buying an additional 4,000 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Tutor Perini by 142.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,716 shares of the construction company’s stock valued at $149,000 after buying an additional 5,127 shares during the last quarter. Finally, New Jersey Better Educational Savings Trust purchased a new position in shares of Tutor Perini during the 4th quarter valued at $160,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

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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