Tutor Perini Corp (NYSE:TPC) – Stock analysts at KeyCorp raised their Q4 2019 earnings estimates for shares of Tutor Perini in a research note issued on Monday, August 12th. KeyCorp analyst T. Afzal now expects that the construction company will earn $0.98 per share for the quarter, up from their prior estimate of $0.96. KeyCorp also issued estimates for Tutor Perini’s FY2020 earnings at $2.42 EPS.
Several other equities analysts also recently commented on the stock. DA Davidson reiterated a “buy” rating and set a $18.00 price target on shares of Tutor Perini in a report on Monday. ValuEngine downgraded shares of Tutor Perini from a “sell” rating to a “strong sell” rating in a report on Thursday, May 9th. Zacks Investment Research downgraded shares of Tutor Perini from a “hold” rating to a “strong sell” rating in a report on Wednesday. Finally, TheStreet downgraded shares of Tutor Perini from a “b-” rating to a “c+” rating in a report on Monday, May 20th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $21.83.
Shares of NYSE:TPC opened at $9.78 on Wednesday. The company has a market capitalization of $512.34 million, a price-to-earnings ratio of 5.12, a PEG ratio of 0.63 and a beta of 1.87. Tutor Perini has a 12 month low of $9.26 and a 12 month high of $21.35. The firm’s 50-day moving average is $12.91 and its 200 day moving average is $16.03. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.49.
Tutor Perini (NYSE:TPC) last announced its earnings results on Thursday, August 8th. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.24). The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Tutor Perini had a negative net margin of 5.70% and a positive return on equity of 4.47%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.49 earnings per share.
Hedge funds have recently modified their holdings of the business. Point72 Hong Kong Ltd bought a new position in Tutor Perini in the 2nd quarter worth about $25,000. Kempen Capital Management N.V. boosted its stake in shares of Tutor Perini by 39.8% during the second quarter. Kempen Capital Management N.V. now owns 4,640 shares of the construction company’s stock valued at $64,000 after purchasing an additional 1,320 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Tutor Perini by 190.5% during the second quarter. Bank of Montreal Can now owns 5,118 shares of the construction company’s stock valued at $71,000 after purchasing an additional 3,356 shares in the last quarter. NumerixS Investment Technologies Inc boosted its stake in shares of Tutor Perini by 133.3% during the second quarter. NumerixS Investment Technologies Inc now owns 8,400 shares of the construction company’s stock valued at $117,000 after purchasing an additional 4,800 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Tutor Perini by 142.9% during the first quarter. BNP Paribas Arbitrage SA now owns 8,716 shares of the construction company’s stock valued at $149,000 after purchasing an additional 5,127 shares in the last quarter. Institutional investors and hedge funds own 89.95% of the company’s stock.
In other Tutor Perini news, CEO Ronald N. Tutor sold 50,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $13.31, for a total value of $665,500.00. The sale was disclosed in a filing with the SEC, which is available through this link. 24.30% of the stock is owned by corporate insiders.
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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