Tutor Perini Corporation (NYSE:TPC) – Equities researchers at KeyCorp decreased their FY2018 EPS estimates for shares of Tutor Perini Corporation in a research report issued to clients and investors on Monday. KeyCorp analyst S. Eastman now anticipates that the construction company will earn $2.47 per share for the year, down from their prior estimate of $2.56.
Tutor Perini Corporation (NYSE:TPC) last announced its earnings results on Monday, August 7th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Tutor Perini Corporation had a return on equity of 6.66% 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 in the prior year, the business earned $0.43 earnings per share.
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Other research analysts also recently issued reports about the company. Canaccord Genuity reaffirmed a “buy” rating on shares of Tutor Perini Corporation in a research note on Friday, June 23rd. BidaskClub downgraded Tutor Perini Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research downgraded Tutor Perini Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $31.29.
Shares of Tutor Perini Corporation (TPC) traded up 1.186% during midday trading on Wednesday, reaching $27.725. The company’s stock had a trading volume of 229,278 shares. Tutor Perini Corporation has a 12 month low of $18.05 and a 12 month high of $33.00. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 14.795 and a beta of 2.42. The company has a 50-day moving average price of $27.80 and a 200-day moving average price of $28.93.
Hedge funds have recently modified their holdings of the company. KAMES CAPITAL plc increased its stake in shares of Tutor Perini Corporation by 0.9% in the second quarter. KAMES CAPITAL plc now owns 23,390 shares of the construction company’s stock valued at $671,000 after buying an additional 210 shares during the period. Airain ltd increased its stake in shares of Tutor Perini Corporation by 3.2% in the first quarter. Airain ltd now owns 10,091 shares of the construction company’s stock valued at $321,000 after buying an additional 313 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Tutor Perini Corporation by 8.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,516 shares of the construction company’s stock valued at $144,000 after buying an additional 340 shares during the period. Falcon Point Capital LLC increased its stake in shares of Tutor Perini Corporation by 0.7% in the second quarter. Falcon Point Capital LLC now owns 62,159 shares of the construction company’s stock valued at $1,787,000 after buying an additional 447 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Tutor Perini Corporation by 2.0% in the second quarter. Oppenheimer & Co. Inc. now owns 26,000 shares of the construction company’s stock valued at $748,000 after buying an additional 500 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.
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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