Tutor Perini Corporation (NYSE:TPC) – Equities researchers at KeyCorp reduced their Q3 2017 earnings per share estimates for Tutor Perini Corporation in a note issued to investors on Monday. KeyCorp analyst S. Eastman now expects that the construction company will earn $0.68 per share for the quarter, down from their previous forecast of $0.71. KeyCorp also issued estimates for Tutor Perini Corporation’s Q4 2017 earnings at $0.60 EPS.
TPC has been the topic of several other research reports. BidaskClub upgraded Tutor Perini Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research lowered Tutor Perini Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Tutor Perini Corporation in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $31.29.
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Shares of Tutor Perini Corporation (NYSE TPC) opened at 28.00 on Thursday. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 14.94 and a beta of 2.42. Tutor Perini Corporation has a 12-month low of $18.05 and a 12-month high of $33.00. The firm has a 50-day moving average price of $27.87 and a 200-day moving average price of $28.93.
Tutor Perini Corporation (NYSE:TPC) last released its earnings results on Monday, August 7th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.42 billion. Tutor Perini Corporation had a return on equity of 6.60% and a net margin of 2.08%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS.
A number of hedge funds have recently added to or reduced their stakes in TPC. LSV Asset Management raised its stake in Tutor Perini Corporation by 2.5% in the first quarter. LSV Asset Management now owns 1,716,956 shares of the construction company’s stock valued at $54,599,000 after buying an additional 41,808 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in Tutor Perini Corporation by 0.5% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 726,881 shares of the construction company’s stock valued at $23,115,000 after buying an additional 3,968 shares in the last quarter. Hillcrest Asset Management LLC raised its stake in Tutor Perini Corporation by 7.9% in the first quarter. Hillcrest Asset Management LLC now owns 391,632 shares of the construction company’s stock valued at $12,454,000 after buying an additional 28,800 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in Tutor Perini Corporation during the first quarter valued at about $4,172,000. Finally, KAMES CAPITAL plc acquired a new stake in Tutor Perini Corporation during the first quarter valued at about $737,000. Hedge funds and other institutional investors own 81.17% 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.
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