$0.42 EPS Expected for Tutor Perini Corp (NYSE:TPC) This Quarter

Wall Street analysts expect Tutor Perini Corp (NYSE:TPC) to report earnings per share (EPS) of $0.42 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Tutor Perini’s earnings, with estimates ranging from $0.40 to $0.46. Tutor Perini posted earnings per share of $0.49 in the same quarter last year, which indicates a negative year-over-year growth rate of 14.3%. The company is expected to issue its next earnings report after the market closes on Thursday, August 8th.

On average, analysts expect that Tutor Perini will report full year earnings of $2.11 per share for the current financial year, with EPS estimates ranging from $2.01 to $2.21. For the next fiscal year, analysts anticipate that the business will report earnings of $2.84 per share, with EPS estimates ranging from $2.43 to $3.15. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Tutor Perini.

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

TPC has been the subject of a number of research reports. TheStreet cut shares of Tutor Perini from a “b-” rating to a “c+” rating in a report on Monday, May 20th. DA Davidson upgraded shares of Tutor Perini from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a report on Monday, July 1st. Zacks Investment Research cut shares of Tutor Perini from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. Finally, ValuEngine cut shares of Tutor Perini from a “sell” rating to a “strong sell” rating in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $22.50.

In other news, major shareholder N. Tutor Separate Prope Ronald sold 20,000 shares of Tutor Perini stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $16.51, for a total transaction of $330,200.00. Following the completion of the transaction, the insider now directly owns 5,594,050 shares in the company, valued at $92,357,765.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ronald N. Tutor sold 50,000 shares of Tutor Perini stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $16.55, for a total transaction of $827,500.00. The disclosure for this sale can be found here. Insiders have sold 120,000 shares of company stock valued at $1,823,200 over the last quarter. Corporate insiders own 24.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Swiss National Bank boosted its holdings in Tutor Perini by 2.2% during the second quarter. Swiss National Bank now owns 74,500 shares of the construction company’s stock worth $1,033,000 after purchasing an additional 1,600 shares during the last quarter. Legal & General Group Plc boosted its holdings in Tutor Perini by 4.1% during the fourth quarter. Legal & General Group Plc now owns 41,894 shares of the construction company’s stock worth $669,000 after purchasing an additional 1,641 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Tutor Perini by 8.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 27,807 shares of the construction company’s stock worth $476,000 after purchasing an additional 2,230 shares during the last quarter. Janney Capital Management LLC boosted its holdings in Tutor Perini by 17.5% during the second quarter. Janney Capital Management LLC now owns 15,736 shares of the construction company’s stock worth $218,000 after purchasing an additional 2,345 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Tutor Perini by 10.6% during the second quarter. Envestnet Asset Management Inc. now owns 25,428 shares of the construction company’s stock worth $353,000 after purchasing an additional 2,435 shares during the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

NYSE:TPC traded down $0.35 during trading hours on Friday, reaching $10.29. The company had a trading volume of 602,391 shares, compared to its average volume of 308,218. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $613.70 million, a price-to-earnings ratio of 5.38, a price-to-earnings-growth ratio of 0.58 and a beta of 1.87. The stock has a 50-day moving average price of $13.45. Tutor Perini has a twelve month low of $10.54 and a twelve month high of $22.02.

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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