Tutor Perini (NYSE:TPC) Releases Earnings Results, Beats Expectations By $0.15 EPS

Tutor Perini (NYSE:TPC) posted its quarterly earnings data on Thursday. The construction company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.15, FiscalAI reports. Tutor Perini had a negative net margin of 0.55% and a positive return on equity of 7.07%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the business posted ($1.49) earnings per share. The company’s revenue was up 41.2% on a year-over-year basis. Tutor Perini updated its FY 2026 guidance to 4.900-5.300 EPS.

Here are the key takeaways from Tutor Perini’s conference call:

• Tutor Perini delivered a record 2025 with $5.5 billion of revenue, a record $748 million of operating cash flow and $4.29 of adjusted EPS, and management is guiding to double‑digit revenue growth and adjusted EPS of $4.90–$5.30 in 2026.
• Backlog provides multi‑year visibility — year‑end backlog was $20.6 billion (up 10%) driven by $7.4 billion of 2025 awards including several mega projects, and management says nine mega projects (~$16 billion) have healthy margins and favorable contract terms.
• Balance sheet and capital return progress: total debt down 24%, ended 2025 with a net cash position of $327 million, the board authorized a first quarterly dividend (six cents) and a $200 million buyback program, and management expects refinancing to cut interest costs.
• Near‑term risks include some backlog “lumpiness” (management expects modest near‑term backlog reduction before resumed growth) and about a dozen remaining legacy dispute matters that could still affect results despite recent settlements and a near‑term ~$40 million recovery.

Tutor Perini Trading Up 3.8%

NYSE:TPC traded up $3.31 on Thursday, hitting $89.41. 1,158,410 shares of the stock were exchanged, compared to its average volume of 608,418. The stock has a fifty day moving average of $76.82 and a 200-day moving average of $68.17. The stock has a market cap of $4.72 billion, a PE ratio of -168.69 and a beta of 2.21. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. Tutor Perini has a fifty-two week low of $18.33 and a fifty-two week high of $89.51.

Institutional Trading of Tutor Perini

A number of institutional investors and hedge funds have recently bought and sold shares of TPC. Comerica Bank boosted its stake in shares of Tutor Perini by 30.7% in the first quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock valued at $56,000 after purchasing an additional 569 shares during the period. AQR Capital Management LLC lifted its holdings in Tutor Perini by 42.0% in the 1st quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company’s stock worth $4,248,000 after buying an additional 54,204 shares in the last quarter. Millennium Management LLC boosted its position in Tutor Perini by 165.2% in the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock valued at $8,890,000 after buying an additional 238,933 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Tutor Perini by 13.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company’s stock valued at $13,463,000 after buying an additional 69,489 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Tutor Perini during the second quarter valued at about $691,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. B. Riley Financial reissued a “buy” rating on shares of Tutor Perini in a research note on Thursday, November 6th. UBS Group upped their target price on Tutor Perini from $67.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Wall Street Zen lowered Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $80.50.

About Tutor Perini

Tutor Perini Corporation is a leading U.S. construction company that provides diversified general contracting, construction management and design-build services to private clients and public agencies. The company operates through three principal market segments—Civil, Building and Specialty Contractors—serving a broad range of infrastructure and vertical construction needs.

In its Civil segment, Tutor Perini delivers heavy civil infrastructure projects including highways and bridges, water management, dams, tunnels and rail systems.