Tutor Perini (TPC) Scheduled to Post Quarterly Earnings on Thursday

Tutor Perini (NYSE:TPC) is set to announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Tutor Perini has set its FY 2024 guidance at 0.850-1.100 EPS.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Wednesday, February 28th. The construction company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.98). Tutor Perini had a negative net margin of 4.41% and a negative return on equity of 12.73%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $951.50 million. On average, analysts expect Tutor Perini to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Tutor Perini Stock Down 0.4 %

Shares of TPC stock opened at $13.38 on Friday. The stock’s 50 day simple moving average is $12.27 and its 200 day simple moving average is $9.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.66 and a current ratio of 1.66. Tutor Perini has a twelve month low of $4.90 and a twelve month high of $16.33. The company has a market capitalization of $699.51 million, a price-to-earnings ratio of -4.07 and a beta of 1.62.

Insider Buying and Selling at Tutor Perini

In related news, President Gary G. Smalley sold 15,940 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $13.28, for a total value of $211,683.20. Following the sale, the president now owns 68,346 shares of the company’s stock, valued at approximately $907,634.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Tutor Perini news, President Gary G. Smalley sold 27,958 shares of Tutor Perini stock in a transaction on Monday, March 18th. The stock was sold at an average price of $12.86, for a total value of $359,539.88. Following the completion of the transaction, the president now owns 112,245 shares in the company, valued at approximately $1,443,470.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Gary G. Smalley sold 15,940 shares of Tutor Perini stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $13.28, for a total value of $211,683.20. Following the completion of the transaction, the president now owns 68,346 shares of the company’s stock, valued at approximately $907,634.88. The disclosure for this sale can be found here. Insiders have sold 64,201 shares of company stock valued at $822,980 in the last 90 days. 21.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tutor Perini

A number of institutional investors and hedge funds have recently made changes to their positions in TPC. Schonfeld Strategic Advisors LLC raised its position in shares of Tutor Perini by 17.5% during the second quarter. Schonfeld Strategic Advisors LLC now owns 12,100 shares of the construction company’s stock worth $87,000 after acquiring an additional 1,800 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Tutor Perini during the third quarter worth $91,000. Captrust Financial Advisors acquired a new stake in shares of Tutor Perini during the second quarter worth $94,000. Public Employees Retirement Association of Colorado grew its stake in shares of Tutor Perini by 42.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 10,465 shares of the construction company’s stock worth $95,000 after purchasing an additional 3,124 shares during the period. Finally, Two Sigma Securities LLC acquired a new stake in shares of Tutor Perini during the first quarter worth $125,000. Institutional investors own 65.01% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Tutor Perini from a “buy” rating to a “hold” rating in a report on Saturday, March 30th.

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.