$0.50 EPS Expected for Tutor Perini Corp (TPC) This Quarter
Wall Street analysts expect that Tutor Perini Corp (NYSE:TPC) will report earnings per share (EPS) of $0.50 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Tutor Perini’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.54. Tutor Perini reported earnings per share of $0.60 in the same quarter last year, which suggests a negative year-over-year growth rate of 16.7%. The company is scheduled to announce its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Tutor Perini will report full year earnings of $1.83 per share for the current financial year, with EPS estimates ranging from $1.80 to $1.87. For the next financial year, analysts expect that the business will report earnings of $2.67 per share, with EPS estimates ranging from $2.20 to $3.02. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Tutor Perini.
Tutor Perini (NYSE:TPC) last issued its earnings results on Thursday, November 9th. The construction company reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.22). Tutor Perini had a return on equity of 6.16% and a net margin of 2.03%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the business earned $0.57 earnings per share. Tutor Perini’s quarterly revenue was down 10.0% on a year-over-year basis.
In other news, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $25.17, for a total value of $629,250.00. Following the completion of the transaction, the insider now owns 5,823,120 shares of the company’s stock, valued at $146,567,930.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dale Ann Reiss sold 4,829 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $27.28, for a total value of $131,735.12. Following the completion of the transaction, the director now directly owns 20,625 shares of the company’s stock, valued at approximately $562,650. The disclosure for this sale can be found here. Insiders sold 54,829 shares of company stock worth $1,400,985 over the last ninety days. 24.50% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its stake in shares of Tutor Perini by 86.1% in the second quarter. Ameriprise Financial Inc. now owns 162,956 shares of the construction company’s stock worth $4,682,000 after purchasing an additional 75,407 shares in the last quarter. Parametrica Management Ltd bought a new position in shares of Tutor Perini in the third quarter worth $688,000. TIAA CREF Investment Management LLC grew its stake in shares of Tutor Perini by 8.7% in the second quarter. TIAA CREF Investment Management LLC now owns 146,439 shares of the construction company’s stock worth $4,210,000 after purchasing an additional 11,708 shares in the last quarter. State Street Corp grew its stake in shares of Tutor Perini by 4.7% in the second quarter. State Street Corp now owns 750,365 shares of the construction company’s stock worth $21,576,000 after purchasing an additional 33,774 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Tutor Perini by 1.5% in the third quarter. Principal Financial Group Inc. now owns 390,557 shares of the construction company’s stock worth $11,091,000 after purchasing an additional 5,918 shares in the last quarter. 83.38% of the stock is owned by institutional investors.
Shares of Tutor Perini (TPC) opened at $21.80 on Friday. Tutor Perini has a 52-week low of $21.15 and a 52-week high of $32.70. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $1,090.00, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 0.84 and a beta of 2.13.
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About Tutor Perini
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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