Tutor Perini Corporation (TPC) Expected to Post Q2 2018 Earnings of $0.75 Per Share

Tutor Perini Corporation (NYSE:TPC) – Seaport Global Securities raised their Q2 2018 earnings estimates for shares of Tutor Perini Corporation in a report issued on Monday. Seaport Global Securities analyst M. Shlisky now anticipates that the construction company will earn $0.75 per share for the quarter, up from their prior forecast of $0.72. Seaport Global Securities has a “Neutral” rating and a $31.00 price objective on the stock. Seaport Global Securities also issued estimates for Tutor Perini Corporation’s Q3 2018 earnings at $0.66 EPS and FY2018 earnings at $2.68 EPS.

Other analysts also recently issued reports about the stock. decreased their target price on shares of Tutor Perini Corporation from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday. B. Riley decreased their target price on shares of Tutor Perini Corporation from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday. Canaccord Genuity decreased their target price on shares of Tutor Perini Corporation from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, November 10th. BidaskClub downgraded shares of Tutor Perini Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, ValuEngine downgraded shares of Tutor Perini Corporation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $33.63.

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Shares of Tutor Perini Corporation (NYSE TPC) traded down $0.65 on Tuesday, reaching $23.85. 557,500 shares of the company were exchanged, compared to its average volume of 349,959. Tutor Perini Corporation has a 52-week low of $22.60 and a 52-week high of $33.00. The stock has a market capitalization of $1,219.64, a P/E ratio of 12.69, a PEG ratio of 1.35 and a beta of 2.39. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.07 and a quick ratio of 2.07.

Tutor Perini Corporation (NYSE:TPC) last announced its quarterly earnings data on Thursday, November 9th. The construction company reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.22). Tutor Perini Corporation had a net margin of 2.03% and a return on equity of 6.16%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was down 10.0% on a year-over-year basis.

In other news, CEO Ronald N. Tutor sold 75,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $26.09, for a total value of $1,956,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ronald N. Tutor sold 3,617 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $26.02, for a total transaction of $94,114.34. The disclosure for this sale can be found here. Insiders sold 175,000 shares of company stock valued at $4,566,711 over the last 90 days. 24.50% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Tutor Perini Corporation in the third quarter worth $135,000. Victory Capital Management Inc. lifted its stake in shares of Tutor Perini Corporation by 119.4% in the third quarter. Victory Capital Management Inc. now owns 6,877 shares of the construction company’s stock worth $195,000 after buying an additional 3,743 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Tutor Perini Corporation in the third quarter worth $207,000. BNP Paribas Arbitrage SA lifted its stake in shares of Tutor Perini Corporation by 239.8% in the second quarter. BNP Paribas Arbitrage SA now owns 8,112 shares of the construction company’s stock worth $233,000 after buying an additional 5,725 shares during the last quarter. Finally, OppenheimerFunds Inc. acquired a new stake in shares of Tutor Perini Corporation in the first quarter worth $310,000. Institutional investors and hedge funds own 81.53% 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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