Tutor Perini (NYSE:TPC) Announces Earnings Results, Misses Estimates By $0.03 EPS

Tutor Perini (NYSE:TPC) released its quarterly earnings data on Wednesday. The construction company reported ($1.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.89) by ($0.03), Briefing.com reports. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.43%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.71) earnings per share.

Tutor Perini Price Performance

NYSE:TPC traded down $2.73 during midday trading on Friday, hitting $30.51. The company had a trading volume of 658,792 shares, compared to its average volume of 449,228. Tutor Perini has a 52-week low of $6.86 and a 52-week high of $34.55. The stock’s fifty day moving average price is $26.08 and its 200-day moving average price is $22.76. The company has a market capitalization of $1.60 billion, a PE ratio of -12.16 and a beta of 1.50. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.50.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TPC shares. StockNews.com upgraded shares of Tutor Perini from a “hold” rating to a “buy” rating in a research report on Thursday. UBS Group boosted their price target on shares of Tutor Perini from $27.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, B. Riley boosted their price target on shares of Tutor Perini from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday.

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.