Tutor Perini (NYSE:TPC) Updates FY 2024 Earnings Guidance

Tutor Perini (NYSE:TPC) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.850-1.100 for the period, compared to the consensus estimate of 1.100. The company issued revenue guidance of -. Tutor Perini also updated its FY24 guidance to $0.85-1.10 EPS.

Wall Street Analysts Forecast Growth

TPC has been the topic of a number of research analyst reports. UBS Group raised Tutor Perini from a neutral rating to a buy rating and increased their target price for the company from $14.00 to $27.00 in a research note on Friday, June 14th. StockNews.com raised shares of Tutor Perini from a hold rating to a buy rating in a report on Friday, April 26th.

Tutor Perini Trading Down 26.8 %

Shares of NYSE:TPC traded down $6.36 during midday trading on Friday, hitting $17.36. 2,105,581 shares of the stock traded hands, compared to its average volume of 535,598. The business’s 50 day moving average is $22.27 and its two-hundred day moving average is $16.38. The stock has a market capitalization of $907.58 million, a PE ratio of -8.51 and a beta of 1.55. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.60. Tutor Perini has a one year low of $6.59 and a one year high of $26.88.

Insiders Place Their Bets

In related news, CEO Ronald N. Tutor sold 25,718 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $20.66, for a total value of $531,333.88. Following the completion of the transaction, the chief executive officer now directly owns 3,411,222 shares in the company, valued at approximately $70,475,846.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Ronald N. Tutor sold 25,718 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $20.66, for a total transaction of $531,333.88. Following the sale, the chief executive officer now owns 3,411,222 shares in the company, valued at $70,475,846.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ronald N. Tutor sold 25,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $19.40, for a total value of $485,000.00. Following the transaction, the chief executive officer now directly owns 2,387,267 shares in the company, valued at $46,312,979.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 243,728 shares of company stock worth $4,870,217. 19.50% of the stock is currently owned by corporate insiders.

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.