Tutor Perini Corporation (TPC) Issues FY17 Earnings Guidance

Tutor Perini Corporation (NYSE:TPC) updated its FY17 earnings guidance on Monday. The company provided EPS guidance of $2.10 – $2.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.29. The company issued revenue guidance of at least $5.50 billion, compared to the consensus revenue estimate of $5.45 billion.

Several analysts have recently commented on the company. Zacks Investment Research lowered Tutor Perini Corporation from a buy rating to a hold rating in a report on Thursday, July 6th. BidaskClub raised Tutor Perini Corporation from a sell rating to a hold rating in a research report on Thursday, July 6th. Finally, Canaccord Genuity reissued a buy rating on shares of Tutor Perini Corporation in a research report on Friday, June 23rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $31.29.

Shares of Tutor Perini Corporation (NYSE TPC) traded down 1.43% during midday trading on Friday, reaching $24.15. The company’s stock had a trading volume of 227,916 shares. Tutor Perini Corporation has a 52 week low of $18.05 and a 52 week high of $33.00. The company has a 50 day moving average of $27.47 and a 200-day moving average of $28.70. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 11.87 and a beta of 2.42.

Tutor Perini Corporation (NYSE:TPC) last released its earnings results on Monday, August 7th. The construction company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.42 billion. Tutor Perini Corporation had a net margin of 2.08% and a return on equity of 6.60%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. Equities research analysts predict that Tutor Perini Corporation will post $2.27 earnings per share for the current year.

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About Tutor Perini Corporation

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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