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.
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.
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