Tutor Perini (NYSE:TPC) Issues Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Tutor Perini (NYSE:TPC) announced its quarterly earnings data on Wednesday. The construction company reported ($1.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.78) by ($0.14), Briefing.com reports. Tutor Perini had a negative return on equity of 4.49% and a negative net margin of 1.59%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the business earned ($0.71) earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year.

Tutor Perini Stock Performance

TPC stock traded up $3.86 during trading on Thursday, reaching $34.14. 494,896 shares of the company’s stock were exchanged, compared to its average volume of 446,684. Tutor Perini has a 1-year low of $6.86 and a 1-year high of $34.55. The firm has a market cap of $1.79 billion, a PE ratio of -26.49 and a beta of 1.50. The company’s fifty day moving average price is $25.75 and its 200-day moving average price is $22.57. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.50.

Analysts Set New Price Targets

Several brokerages recently issued reports on TPC. UBS Group raised their price objective on Tutor Perini from $27.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com cut Tutor Perini from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th.

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.