Media coverage about Tutor Perini (NYSE:TPC) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tutor Perini earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 48.6348308673221 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Tutor Perini stock opened at $20.40 on Monday. The stock has a market capitalization of $1.02 billion, a P/E ratio of 14.17, a PEG ratio of 0.90 and a beta of 2.08. Tutor Perini has a 1 year low of $18.90 and a 1 year high of $29.90. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.47.
Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Wednesday, May 9th. The construction company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.22). The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.12 billion. Tutor Perini had a return on equity of 4.95% and a net margin of 2.62%. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 EPS. analysts expect that Tutor Perini will post 2.28 earnings per share for the current fiscal year.
A number of analysts have recently commented on TPC shares. Alembic Global Advisors restated a “buy” rating on shares of Tutor Perini in a report on Monday, March 5th. DA Davidson set a $38.00 target price on shares of Tutor Perini and gave the company a “buy” rating in a report on Monday, April 23rd. MKM Partners set a $27.00 target price on shares of Tutor Perini and gave the company a “buy” rating in a report on Wednesday, February 28th. B. Riley dropped their target price 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. Finally, Canaccord Genuity restated a “buy” rating and set a $32.00 target price on shares of Tutor Perini in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.25.
In related news, 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 transaction, the insider now owns 5,748,120 shares in the company, valued at approximately $127,953,151.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 24.70% of the company’s stock.
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 worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.
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