B. Riley Forecasts Tutor Perini’s FY2025 Earnings (NYSE:TPC)

Tutor Perini Co. (NYSE:TPC) – Stock analysts at B. Riley issued their FY2025 earnings estimates for shares of Tutor Perini in a research note issued on Tuesday, March 18th. B. Riley analyst L. Burke anticipates that the construction company will earn $1.53 per share for the year. B. Riley has a “Strong-Buy” rating on the stock.

TPC has been the topic of a number of other reports. Vertical Research began coverage on shares of Tutor Perini in a research note on Tuesday, December 10th. They set a “buy” rating and a $38.00 price objective on the stock. StockNews.com downgraded shares of Tutor Perini from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th.

Tutor Perini Stock Performance

Shares of NYSE:TPC opened at $25.57 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. The firm’s 50 day simple moving average is $24.28 and its 200-day simple moving average is $25.58. Tutor Perini has a one year low of $13.15 and a one year high of $34.55. The firm has a market cap of $1.34 billion, a PE ratio of -10.19 and a beta of 1.73.

Tutor Perini (NYSE:TPC) last issued its earnings results on Thursday, February 27th. The construction company reported ($1.51) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($1.80). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. During the same period last year, the business posted ($0.91) earnings per share.

Institutional Investors Weigh In On Tutor Perini

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TPC. Segall Bryant & Hamill LLC purchased a new stake in Tutor Perini in the third quarter valued at about $1,410,000. Advisors Asset Management Inc. raised its stake in shares of Tutor Perini by 7.6% in the third quarter. Advisors Asset Management Inc. now owns 115,546 shares of the construction company’s stock worth $3,138,000 after purchasing an additional 8,153 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Tutor Perini in the third quarter worth about $339,000. Foundry Partners LLC raised its stake in shares of Tutor Perini by 18.2% in the third quarter. Foundry Partners LLC now owns 216,915 shares of the construction company’s stock worth $5,891,000 after purchasing an additional 33,440 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Tutor Perini in the third quarter worth about $359,000. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

About Tutor Perini

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.