Tutor Perini (NYSE:TPC) Updates FY 2024 Earnings Guidance

Tutor Perini (NYSE:TPC) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.850-1.100 for the period, compared to the consensus EPS estimate of 1.100. The company issued revenue guidance of -. Tutor Perini also updated its FY24 guidance to $0.85-1.10 EPS.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TPC. StockNews.com upgraded Tutor Perini from a hold rating to a buy rating in a report on Friday, April 26th. UBS Group upgraded shares of Tutor Perini from a neutral rating to a buy rating and upped their target price for the stock from $14.00 to $27.00 in a research note on Friday, June 14th.

Tutor Perini Stock Performance

NYSE:TPC traded down $6.36 during mid-day trading on Friday, reaching $17.36. The stock had a trading volume of 2,105,581 shares, compared to its average volume of 535,598. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 1.70. Tutor Perini has a twelve month low of $6.59 and a twelve month high of $26.88. The firm has a market capitalization of $907.58 million, a price-to-earnings ratio of -8.51 and a beta of 1.55. The business has a 50 day simple moving average of $22.27 and a 200 day simple moving average of $16.38.

Insider Buying and Selling

In other news, CEO Ronald N. Tutor sold 25,718 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $20.66, for a total value of $531,333.88. Following the transaction, the chief executive officer now directly owns 3,411,222 shares in the company, valued at approximately $70,475,846.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Tutor Perini news, CEO Ronald N. Tutor sold 25,718 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $20.66, for a total value of $531,333.88. Following the completion of the transaction, the chief executive officer now owns 3,411,222 shares in the company, valued at approximately $70,475,846.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ronald N. Tutor sold 25,000 shares of Tutor Perini 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 sale, the chief executive officer now directly owns 2,387,267 shares in the company, valued at $46,312,979.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 243,728 shares of company stock worth $4,870,217. 19.50% 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 in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.