Tutor Perini (NYSE:TPC) Updates FY24 Earnings Guidance

Tutor Perini (NYSE:TPC) updated its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $0.85-1.10 for the period, compared to the consensus earnings per share estimate of $1.10.

Tutor Perini Stock Down 4.7 %

Shares of NYSE TPC traded down $1.17 during mid-day trading on Thursday, reaching $23.72. 626,557 shares of the company’s stock were exchanged, compared to its average volume of 450,831. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.60. Tutor Perini has a twelve month low of $6.59 and a twelve month high of $26.88. The business has a fifty day simple moving average of $22.29 and a 200 day simple moving average of $16.21. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -12.20 and a beta of 1.55.

Analyst Ratings Changes

TPC has been the subject of several recent research reports. StockNews.com raised Tutor Perini from a hold rating to a buy rating in a research report on Friday, April 26th. UBS Group raised Tutor Perini from a neutral rating to a buy rating and raised their price target for the company from $14.00 to $27.00 in a report on Friday, June 14th.

Insider Buying and Selling at Tutor Perini

In other Tutor Perini news, CEO Ronald N. Tutor sold 25,718 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $20.66, for a total transaction of $531,333.88. Following the sale, the chief executive officer now directly owns 3,411,222 shares of the company’s stock, valued at approximately $70,475,846.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Ronald N. Tutor sold 25,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $19.40, for a total value of $485,000.00. Following the transaction, the chief executive officer now directly owns 2,387,267 shares of the company’s stock, valued at approximately $46,312,979.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ronald N. Tutor sold 25,718 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $20.66, for a total transaction of $531,333.88. Following the transaction, the chief executive officer now owns 3,411,222 shares in the company, valued at approximately $70,475,846.52. The disclosure for this sale can be found here. Insiders have sold a total of 243,728 shares of company stock valued at $4,870,217 in the last ninety days. 19.50% of the stock is currently owned by company insiders.

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