Tutor Perini Corporation to Post Q4 2017 Earnings of $0.75 Per Share, DA Davidson Forecasts (TPC)

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.

Earnings History and Estimates for Tutor Perini Corporation (NYSE:TPC)

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