Tutor Perini (NYSE:TPC) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.60-1.80 for the period, compared to the Thomson Reuters consensus estimate of $2.12. Tutor Perini also updated its FY 2019 guidance to $1.60-1.80 EPS.
Several equities research analysts recently issued reports on the company. ValuEngine downgraded Tutor Perini from a sell rating to a strong sell rating in a research note on Thursday, May 9th. Zacks Investment Research downgraded Tutor Perini from a buy rating to a hold rating in a research note on Saturday, May 11th. TheStreet downgraded Tutor Perini from a b- rating to a c+ rating in a research note on Monday, May 20th. Finally, DA Davidson raised Tutor Perini from a neutral rating to a buy rating and set a $22.00 price target for the company in a research note on Monday, July 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Tutor Perini currently has an average rating of Hold and an average target price of $22.50.
Shares of TPC stock opened at $9.98 on Friday. The firm has a 50 day moving average of $13.30. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.09 and a quick ratio of 2.09. Tutor Perini has a twelve month low of $9.26 and a twelve month high of $21.35. The company has a market cap of $536.93 million, a P/E ratio of 5.23, a price-to-earnings-growth ratio of 0.51 and a beta of 1.87.
Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Thursday, August 8th. The construction company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.24). Tutor Perini had a net margin of 2.17% and a return on equity of 5.42%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. Sell-side analysts predict that Tutor Perini will post 2.11 earnings per share for the current fiscal year.
In related news, CEO Ronald N. Tutor sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $16.55, for a total value of $827,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder N. Tutor Separate Prope Ronald sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $16.51, for a total value of $330,200.00. Following the completion of the transaction, the insider now directly owns 5,594,050 shares in the company, valued at $92,357,765.50. The disclosure for this sale can be found here. Insiders sold a total of 120,000 shares of company stock worth $1,823,200 over the last three months. 24.30% of the stock is owned by company insiders.
About Tutor Perini
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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