Tutor Perini Corporation (NYSE:TPC) – Equities researchers at DA Davidson lifted their Q4 2017 EPS estimates for Tutor Perini Corporation in a research note issued to investors on Tuesday. DA Davidson analyst B. Thielman now anticipates that the construction company will post earnings of $0.75 per share for the quarter, up from their prior forecast of $0.69. DA Davidson also issued estimates for Tutor Perini Corporation’s FY2018 earnings at $2.70 EPS.
TPC has been the topic of a number of other reports. BidaskClub upgraded Tutor Perini Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research lowered Tutor Perini Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Canaccord Genuity restated a “buy” rating on shares of Tutor Perini Corporation in a research note on Friday, June 23rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $31.29.
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Shares of Tutor Perini Corporation (TPC) traded down 3.57% on Thursday, hitting $27.00. The company had a trading volume of 55,831 shares. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 13.27 and a beta of 2.42. The company has a 50 day moving average price of $27.87 and a 200 day moving average price of $28.93. Tutor Perini Corporation has a 1-year low of $18.05 and a 1-year high of $33.00.
Tutor Perini Corporation (NYSE:TPC) last issued its quarterly earnings results on Monday, August 7th. The construction company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. Tutor Perini Corporation had a return on equity of 6.60% and a net margin of 2.08%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business earned $0.43 earnings per share. Tutor Perini Corporation’s revenue was down 4.7% on a year-over-year basis.
Institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Tutor Perini Corporation during the fourth quarter worth $1,646,000. Bank of America Corp DE boosted its position in Tutor Perini Corporation by 64.7% in the first quarter. Bank of America Corp DE now owns 311,710 shares of the construction company’s stock worth $9,913,000 after buying an additional 122,419 shares during the last quarter. Shell Asset Management Co. purchased a new position in Tutor Perini Corporation during the first quarter worth about $1,165,000. ClariVest Asset Management LLC boosted its position in Tutor Perini Corporation by 23.8% in the first quarter. ClariVest Asset Management LLC now owns 234,245 shares of the construction company’s stock worth $7,448,000 after buying an additional 45,000 shares during the last quarter. Finally, KAMES CAPITAL plc purchased a new position in Tutor Perini Corporation during the first quarter worth about $737,000. Institutional investors and hedge funds own 81.17% of the company’s stock.
Tutor Perini Corporation Company Profile
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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