Tutor Perini (NYSE:TPC) issued an update on its FY19 earnings guidance on Thursday morning. 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.
Shares of TPC opened at $9.98 on Friday. The company’s 50 day simple moving average is $13.30. The company has a market cap of $536.93 million, a P/E ratio of 5.23, a PEG ratio of 0.51 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 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 (NYSE:TPC) last issued 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 the consensus estimate of $1.18 billion. Tutor Perini had a net margin of 2.17% and a return on equity of 5.42%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the business posted $0.49 EPS. On average, equities research analysts predict that Tutor Perini will post 2.11 EPS for the current year.
A number of analysts have issued reports on the company. Zacks Investment Research downgraded Tutor Perini from a buy rating to a hold rating in a research note on Saturday, May 11th. DA Davidson raised Tutor Perini from a neutral rating to a buy rating and set a $22.00 price objective on the stock in a research note on Monday, July 1st. ValuEngine downgraded Tutor Perini from a sell rating to a strong sell rating in a research note on Thursday, May 9th. Finally, TheStreet downgraded Tutor Perini from a b- rating to a c+ rating in a research note on Monday, May 20th. 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. The stock has a consensus rating of Hold and a consensus target price of $22.50.
In other news, major shareholder N. Tutor Separate Prope Ronald sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $16.51, for a total transaction of $330,200.00. Following the transaction, the insider now owns 5,594,050 shares of the company’s stock, valued at approximately $92,357,765.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ronald N. Tutor sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $16.55, for a total value of $827,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 120,000 shares of company stock worth $1,823,200. Corporate insiders own 24.30% of the company’s stock.
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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