Tutor Perini (TPC) Set to Announce Earnings on Thursday

Tutor Perini (NYSE:TPC) is scheduled to be announcing its earnings results after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of $0.16 per share for the quarter.

Tutor Perini (NYSE:TPC) last posted its earnings results on Thursday, April 25th. The construction company reported $0.30 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.48. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $919.60 million. Tutor Perini had a negative return on equity of 8.03% and a negative net margin of 2.56%. On average, analysts expect Tutor Perini to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Tutor Perini Price Performance

Shares of Tutor Perini stock traded up $1.12 during midday trading on Friday, hitting $26.10. 46,989 shares of the company were exchanged, compared to its average volume of 445,608. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market cap of $1.36 billion, a P/E ratio of -12.79 and a beta of 1.55. Tutor Perini has a 52 week low of $6.59 and a 52 week high of $26.88. The firm has a 50 day simple moving average of $21.91 and a 200-day simple moving average of $15.71.

Insider Buying and Selling at Tutor Perini

In other news, CEO Ronald N. Tutor sold 25,718 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $20.66, for a total transaction of $531,333.88. Following the completion of the sale, the chief executive officer now owns 3,411,222 shares in the company, valued at $70,475,846.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Ronald N. Tutor sold 25,718 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $20.66, for a total transaction of $531,333.88. Following the completion of the sale, the chief executive officer now owns 3,411,222 shares in the company, valued at $70,475,846.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael R. Klein sold 181,155 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $19.99, for a total value of $3,621,288.45. Following the sale, the director now owns 208,976 shares of the company’s stock, valued at approximately $4,177,430.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 243,728 shares of company stock worth $4,870,217. 19.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TPC shares. StockNews.com upgraded Tutor Perini from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. UBS Group upgraded Tutor Perini from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $27.00 in a research report on Friday, June 14th.

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 in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.