Tutor Perini (NYSE:TPC) Releases Quarterly Earnings Results, Misses Expectations By $0.14 EPS

Tutor Perini (NYSE:TPC) announced its earnings results on Wednesday. The construction company reported ($1.92) earnings per share for the quarter, missing the consensus estimate of ($1.78) by ($0.14), Briefing.com reports. Tutor Perini had a negative net margin of 1.59% and a negative return on equity of 4.49%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned ($0.71) EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year.

Tutor Perini Stock Performance

Shares of TPC stock traded up $3.86 during trading hours on Thursday, reaching $34.14. 494,896 shares of the company’s stock were exchanged, compared to its average volume of 446,684. The stock has a market capitalization of $1.79 billion, a P/E ratio of -26.49 and a beta of 1.50. Tutor Perini has a fifty-two week low of $6.86 and a fifty-two week high of $34.55. The business has a fifty day moving average price of $25.75 and a 200-day moving average price of $22.57. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.50.

Analyst Ratings Changes

A number of analysts recently commented on TPC shares. UBS Group boosted their target price on shares of Tutor Perini from $27.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. StockNews.com lowered shares of Tutor Perini from a “buy” rating to a “hold” rating in a report on Thursday, October 24th.

Tutor Perini Company Profile

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.