DA Davidson Weighs in on Tutor Perini Corporation’s Q2 2018 Earnings (TPC)

Tutor Perini Corporation (NYSE:TPC) – Research analysts at DA Davidson issued their Q2 2018 earnings estimates for Tutor Perini Corporation in a research note issued on Friday. DA Davidson analyst B. Thielman forecasts that the company will earn $0.74 per share for the quarter. DA Davidson also issued estimates for Tutor Perini Corporation’s Q4 2018 earnings at $0.75 EPS and FY2018 earnings at $2.80 EPS.

Several other research analysts have also weighed in on TPC. B. Riley reissued a “buy” rating on shares of Tutor Perini Corporation in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of Tutor Perini Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. ValuEngine lowered shares of Tutor Perini Corporation from a “buy” rating to a “hold” rating in a report on Friday. Canaccord Genuity decreased their price target on shares of Tutor Perini Corporation from $35.00 to $32.00 and set a “buy” rating for the company in a report on Friday. Finally, BidaskClub lowered shares of Tutor Perini Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$33.17.

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Tutor Perini Corporation (NYSE TPC) opened at C$24.20 on Monday. The firm has a market cap of $1,204.70, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 1.33 and a beta of 2.39. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.52. Tutor Perini Corporation has a fifty-two week low of C$22.60 and a fifty-two week high of C$33.00.

Tutor Perini Corporation (NYSE:TPC) last announced its quarterly earnings data on Thursday, November 9th. The company reported C$0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.69 by C($0.22). The company had revenue of C$1.20 billion for the quarter, compared to analyst estimates of C$1.54 billion. Tutor Perini Corporation had a return on equity of 6.22% and a net margin of 2.03%. Tutor Perini Corporation’s revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 earnings per share.

A number of large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in Tutor Perini Corporation by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 295,249 shares of the company’s stock valued at $8,444,000 after purchasing an additional 4,077 shares during the last quarter. Nordea Investment Management AB lifted its position in Tutor Perini Corporation by 2.8% in the 3rd quarter. Nordea Investment Management AB now owns 242,900 shares of the company’s stock valued at $6,898,000 after purchasing an additional 6,600 shares during the last quarter. D.A. Davidson & CO. lifted its position in Tutor Perini Corporation by 47.6% in the 3rd quarter. D.A. Davidson & CO. now owns 52,083 shares of the company’s stock valued at $1,479,000 after purchasing an additional 16,800 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its position in Tutor Perini Corporation by 32.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 511,963 shares of the company’s stock valued at $14,540,000 after purchasing an additional 126,365 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Tutor Perini Corporation in the 3rd quarter valued at about $346,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

In other news, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of Tutor Perini Corporation stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of C$26.11, for a total value of C$652,750.00. Following the completion of the transaction, the insider now directly owns 5,923,120 shares of the company’s stock, valued at approximately C$154,652,663.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ronald N. Tutor sold 75,000 shares of Tutor Perini Corporation stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$26.09, for a total transaction of C$1,956,750.00. The disclosure for this sale can be found here. Insiders sold a total of 175,000 shares of company stock valued at $4,566,711 over the last ninety days. Company insiders own 24.50% of the company’s stock.

Tutor Perini Corporation 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.

Earnings History and Estimates for Tutor Perini Corporation (NYSE:TPC)

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