Wall Street analysts predict that Tutor Perini Corporation (NYSE:TPC) will report $0.50 earnings per share for the current quarter, Zacks reports. Four analysts have provided estimates for Tutor Perini’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.47. Tutor Perini reported earnings per share of $0.60 in the same quarter last year, which would suggest a negative year over year growth rate of 16.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.
On average, analysts expect that Tutor Perini will report full year earnings of $1.83 per share for the current year, with EPS estimates ranging from $1.80 to $1.87. For the next financial year, analysts forecast that the business will report earnings of $2.55 per share, with EPS estimates ranging from $2.20 to $2.80. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Tutor Perini.
Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Thursday, November 9th. The construction company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.22). The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.54 billion. Tutor Perini had a return on equity of 6.16% and a net margin of 2.03%. The business’s revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 earnings per share.
In other Tutor Perini news, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of Tutor Perini stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $25.17, for a total transaction of $629,250.00. Following the transaction, the insider now owns 5,823,120 shares of the company’s stock, valued at $146,567,930.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dale Ann Reiss sold 4,829 shares of Tutor Perini stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $27.28, for a total transaction of $131,735.12. Following the transaction, the director now directly owns 20,625 shares in the company, valued at approximately $562,650. The disclosure for this sale can be found here. Insiders have sold 54,829 shares of company stock worth $1,400,985 in the last ninety days. Insiders own 24.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in TPC. Boston Partners lifted its holdings in shares of Tutor Perini by 33.2% in the third quarter. Boston Partners now owns 2,288,432 shares of the construction company’s stock worth $64,992,000 after buying an additional 570,799 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Tutor Perini by 4,205.8% in the second quarter. Principal Financial Group Inc. now owns 384,639 shares of the construction company’s stock worth $11,058,000 after buying an additional 375,706 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Tutor Perini by 59.9% in the second quarter. Northern Trust Corp now owns 764,431 shares of the construction company’s stock worth $21,978,000 after buying an additional 286,310 shares in the last quarter. Formula Growth Ltd. purchased a new position in shares of Tutor Perini in the third quarter worth $7,526,000. Finally, LSV Asset Management lifted its holdings in shares of Tutor Perini by 14.4% in the second quarter. LSV Asset Management now owns 1,964,456 shares of the construction company’s stock worth $56,478,000 after buying an additional 247,500 shares in the last quarter. 81.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tutor Perini (TPC) traded down $0.30 during midday trading on Wednesday, reaching $27.00. 388,800 shares of the company traded hands, compared to its average volume of 363,268. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $1,350.00, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 1.49 and a beta of 2.36. Tutor Perini has a 12 month low of $22.60 and a 12 month high of $33.00.
TRADEMARK VIOLATION NOTICE: “$0.50 EPS Expected for Tutor Perini Corporation (TPC) This Quarter” was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://stocknewstimes.com/2018/01/12/0-50-eps-expected-for-tutor-perini-corporation-tpc-this-quarter.html.
Tutor Perini 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tutor Perini Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tutor Perini and related companies with MarketBeat.com's FREE daily email newsletter.