Tutor Perini Corp (TPC) Expected to Post Earnings of $0.29 Per Share

Analysts expect that Tutor Perini Corp (NYSE:TPC) will report earnings of $0.29 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Tutor Perini Corp’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.30. Tutor Perini Corp reported earnings of $0.31 per share in the same quarter last year, which would suggest a negative year over year growth rate of 6.5%. The firm is scheduled to announce its next earnings results on Wednesday, May 3rd.

On average, analysts expect that Tutor Perini Corp will report full-year earnings of $2.22 per share for the current financial year, with EPS estimates ranging from $2.14 to $2.25. For the next fiscal year, analysts forecast that the business will report earnings of $2.74 per share, with EPS estimates ranging from $2.56 to $2.94. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Tutor Perini Corp.

Tutor Perini Corp (NYSE:TPC) last posted its earnings results on Thursday, February 23rd. The construction company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.36 billion. Tutor Perini Corp had a return on equity of 5.05% and a net margin of 1.51%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS.

A number of analysts have issued reports on the company. MKM Partners raised their target price on Tutor Perini Corp from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, December 28th. KeyCorp assumed coverage on Tutor Perini Corp in a research report on Friday, January 27th. They issued a “sector weight” rating for the company. DA Davidson reissued a “buy” rating on shares of Tutor Perini Corp in a research report on Thursday, February 16th. Standpoint Research raised Tutor Perini Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, January 25th. Finally, Canaccord Genuity raised their target price on Tutor Perini Corp from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $29.50.

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Tutor Perini Corp (NYSE:TPC) traded up 0.16% on Monday, hitting $31.20. The company had a trading volume of 577,277 shares. The stock has a market capitalization of $1.54 billion, a PE ratio of 16.25 and a beta of 2.60. The stock has a 50 day moving average of $30.63 and a 200-day moving average of $27.31. Tutor Perini Corp has a one year low of $14.95 and a one year high of $33.00.

In other news, COO James A. Frost sold 110,000 shares of Tutor Perini Corp stock in a transaction on Friday, March 17th. The stock was sold at an average price of $30.27, for a total value of $3,329,700.00. Following the completion of the transaction, the chief operating officer now directly owns 534,661 shares in the company, valued at $16,184,188.47. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 23.40% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Frontier Capital Management Co. LLC boosted its position in shares of Tutor Perini Corp by 71.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,761,186 shares of the construction company’s stock valued at $49,313,000 after buying an additional 731,663 shares during the period. Boston Partners boosted its position in shares of Tutor Perini Corp by 6.6% in the third quarter. Boston Partners now owns 1,433,296 shares of the construction company’s stock valued at $30,772,000 after buying an additional 88,388 shares during the period. Towle & Co. boosted its position in shares of Tutor Perini Corp by 0.7% in the third quarter. Towle & Co. now owns 1,010,905 shares of the construction company’s stock valued at $21,704,000 after buying an additional 7,160 shares during the period. Emerald Mutual Fund Advisers Trust boosted its position in shares of Tutor Perini Corp by 4.1% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 875,503 shares of the construction company’s stock valued at $18,797,000 after buying an additional 34,320 shares during the period. Finally, Emerald Advisers Inc. PA boosted its position in shares of Tutor Perini Corp by 0.4% in the third quarter. Emerald Advisers Inc. PA now owns 858,034 shares of the construction company’s stock valued at $18,422,000 after buying an additional 3,050 shares during the period. Institutional investors own 80.29% of the company’s stock.

About Tutor Perini Corp

Tutor Perini Corporation is a construction company offering general contracting, construction management and design-build services to private customers and public agencies across the world. The Company operates through three segments: Civil, Building and Specialty Contractors. Its Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure across various geographic regions of the United States.

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