$0.68 EPS Expected for Tutor Perini Corp (TPC) This Quarter

Analysts expect that Tutor Perini Corp (NYSE:TPC) will post earnings per share (EPS) of $0.68 for the current quarter, according to Zacks. Three analysts have provided estimates for Tutor Perini’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.67. Tutor Perini reported earnings of $0.47 per share during the same quarter last year, which suggests a positive year over year growth rate of 44.7%. The business is expected to report its next quarterly earnings report on Thursday, November 8th.

According to Zacks, analysts expect that Tutor Perini will report full-year earnings of $1.88 per share for the current financial year, with EPS estimates ranging from $1.80 to $1.93. For the next financial year, analysts expect that the company will post earnings of $2.90 per share, with EPS estimates ranging from $2.59 to $3.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Tutor Perini.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Tuesday, August 7th. The construction company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.18. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.17 billion. Tutor Perini had a return on equity of 4.55% and a net margin of 2.58%.

TPC has been the topic of several research reports. Zacks Investment Research lowered Tutor Perini from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine lowered Tutor Perini from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. MKM Partners set a $28.00 target price on Tutor Perini and gave the company a “buy” rating in a research note on Tuesday, August 28th. Finally, B. Riley lowered their target price on Tutor Perini from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.75.

In other news, major shareholder N. Tutor Separate Prope Ronald sold 12,618 shares of Tutor Perini stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $20.32, for a total value of $256,397.76. Following the completion of the transaction, the insider now directly owns 5,698,983 shares in the company, valued at $115,803,334.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ronald N. Tutor sold 32,574 shares of Tutor Perini stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $20.10, for a total value of $654,737.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,574 shares of company stock worth $2,367,300. Corporate insiders own 24.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in TPC. Frontier Capital Management Co. LLC grew its position in shares of Tutor Perini by 31.8% in the second quarter. Frontier Capital Management Co. LLC now owns 4,030,807 shares of the construction company’s stock valued at $74,368,000 after purchasing an additional 971,423 shares in the last quarter. Millennium Management LLC grew its position in shares of Tutor Perini by 2,038.4% in the first quarter. Millennium Management LLC now owns 627,230 shares of the construction company’s stock valued at $13,830,000 after purchasing an additional 597,898 shares in the last quarter. Russell Investments Group Ltd. grew its position in Tutor Perini by 21.5% during the first quarter. Russell Investments Group Ltd. now owns 1,214,801 shares of the construction company’s stock worth $26,787,000 after buying an additional 214,983 shares in the last quarter. Boston Partners grew its position in Tutor Perini by 6.9% during the second quarter. Boston Partners now owns 2,811,270 shares of the construction company’s stock worth $51,868,000 after buying an additional 182,040 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in Tutor Perini by 13.7% during the first quarter. Nuveen Asset Management LLC now owns 1,187,429 shares of the construction company’s stock worth $26,183,000 after buying an additional 143,037 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

Tutor Perini stock traded down $0.20 during mid-day trading on Thursday, reaching $19.65. 17,524 shares of the company’s stock were exchanged, compared to its average volume of 299,646. The firm has a market capitalization of $1.00 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 0.92 and a beta of 2.08. Tutor Perini has a one year low of $17.55 and a one year high of $29.90. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.46.

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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