Tutor Perini (NYSE:TPC) released its earnings results on Tuesday. The construction company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.06, reports. Tutor Perini had a return on equity of 6.16% and a net margin of 2.03%. Tutor Perini updated its FY18 guidance to $1.90-$2.30 EPS.
Shares of Tutor Perini (NYSE:TPC) traded down $0.65 during mid-day trading on Tuesday, reaching $21.85. The company’s stock had a trading volume of 562,544 shares, compared to its average volume of 523,590. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.52. Tutor Perini has a 12-month low of $21.15 and a 12-month high of $32.70. The company has a market capitalization of $1,090.00, a P/E ratio of 11.32, a P/E/G ratio of 0.84 and a beta of 2.13.
In other news, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $25.60, for a total transaction of $640,000.00. Following the transaction, the insider now directly owns 5,798,120 shares of the company’s stock, valued at $148,431,872. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dale Ann Reiss sold 4,829 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $27.28, for a total value of $131,735.12. Following the transaction, the director now directly owns 20,625 shares in the company, valued at $562,650. The disclosure for this sale can be found here. Insiders sold 54,829 shares of company stock valued at $1,400,985 in the last quarter. Corporate insiders own 24.50% of the company’s stock.
A number of analysts recently weighed in on the company. B. Riley restated a “buy” rating on shares of Tutor Perini in a research report on Wednesday, November 1st. Zacks Investment Research downgraded Tutor Perini from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Canaccord Genuity reiterated a “buy” rating and issued a $32.00 price objective on shares of Tutor Perini in a research report on Friday, February 16th. ValuEngine downgraded Tutor Perini from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, lowered their price objective on Tutor Perini from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.40.
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Tutor Perini 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.
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