Tutor Perini (NYSE:TPC) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.90-$2.30 for the period, compared to the Thomson Reuters consensus estimate of $2.66.
Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Tutor Perini from a hold rating to a strong sell rating in a research report on Tuesday, March 6th. Alembic Global Advisors reissued a buy rating on shares of Tutor Perini in a research report on Monday, March 5th. DA Davidson reissued a buy rating on shares of Tutor Perini in a research report on Wednesday, February 28th. MKM Partners set a $27.00 price objective on shares of Tutor Perini and gave the stock a buy rating in a report on Wednesday, February 28th. Finally, B. Riley cut their price objective on shares of Tutor Perini from $40.00 to $36.00 and set a buy rating on the stock in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $30.43.
Tutor Perini (TPC) traded down $0.55 during midday trading on Wednesday, hitting $22.35. The stock had a trading volume of 1,158,601 shares, compared to its average volume of 582,086. Tutor Perini has a 12 month low of $21.15 and a 12 month high of $32.70. The company has a market cap of $1,110.00, a PE ratio of 12.05, a price-to-earnings-growth ratio of 1.05 and a beta of 2.06. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.41.
Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.05. Tutor Perini had a return on equity of 5.86% and a net margin of 3.12%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.37 billion. equities research analysts forecast that Tutor Perini will post 2.2 earnings per share for the current fiscal year.
In other news, Director Dale Ann Reiss sold 4,829 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $27.28, for a total transaction of $131,735.12. Following the sale, the director now directly owns 20,625 shares in the company, valued at $562,650. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder N. Tutor Separate Prope Ronald sold 50,000 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $22.26, for a total value of $1,113,000.00. Following the sale, the insider now owns 5,748,120 shares in the company, valued at $127,953,151.20. The disclosure for this sale can be found here. Insiders own 24.50% of the company’s stock.
About Tutor Perini
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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