FY2018 EPS Estimates for Tutor Perini Corporation Reduced by Analyst (TPC)

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.

Earnings History and Estimates for Tutor Perini Corporation (NYSE:TPC)

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