Tutor Perini (NYSE:TPC) Posts Earnings Results, Beats Estimates By $0.49 EPS

Tutor Perini (NYSE:TPC) announced its quarterly earnings results on Wednesday. The construction company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.49, FiscalAI reports. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the company posted $0.07 earnings per share. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year.

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

• Raised 2026 adjusted EPS guidance to $5.90–$6.10 from $5.15–$5.45, citing stronger-than-expected project execution and mitigation of previously identified risks. Management also expects double-digit revenue and earnings growth in 2027.
• Third-quarter results set records, including $1.7 billion in revenue, $125 million in operating income, and $331 million in operating cash flow; adjusted EPS rose 59% to $1.83. GAAP results included a debt-extinguishment loss and pension-settlement charge.
• Backlog reached a near-record $20.4 billion after $2.2 billion in awards and adjustments, with a 1.3x book-to-burn ratio. More than three-fourths of expected 2027 revenue is already in backlog, according to management.
• Management cited a pipeline exceeding $200 billion and expects project activity to support growth beyond 2027; it sees potential for further segment-margin improvement, particularly as Specialty Contractors’ newer work ramps up and legacy items roll off.
• Cash and cash equivalents exceeded total debt by $707 million, and the July refinancing reduced the senior-note coupon from 11.875% to 6.625%, which management expects to save $21 million in annual interest expense.

Tutor Perini Stock Performance

Shares of NYSE TPC traded down $3.31 during mid-day trading on Thursday, hitting $79.81. 1,052,460 shares of the company were exchanged, compared to its average volume of 596,898. The stock has a 50 day simple moving average of $84.02 and a 200-day simple moving average of $81.44. Tutor Perini has a 1-year low of $57.90 and a 1-year high of $102.30. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 34.37 and a beta of 2.12.

Tutor Perini Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.5%. Tutor Perini’s dividend payout ratio (DPR) is currently 15.52%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TPC. UBS Group boosted their price target on shares of Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Weiss Ratings lowered Tutor Perini from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Finally, Zacks Research lowered Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

Key Headlines Impacting Tutor Perini

Here are the key news stories impacting Tutor Perini this week:

• Positive Sentiment: Third-quarter EPS of $1.83 beat the $1.34 analyst consensus, while revenue of $1.72 billion topped expectations of $1.63 billion and increased 21.5% year over year. Tutor Perini surpasses Q3 earnings and revenue estimates
• Positive Sentiment: Management raised its 2026 adjusted EPS guidance after record quarterly results. The company cited a $20.4 billion backlog, expanding margins and strong infrastructure demand as support for its outlook. Q3 earnings call highlights higher guidance and backlog growth
• Positive Sentiment: Tutor Perini declared a quarterly dividend of $0.09 per share, payable December 3 to shareholders of record November 19. The annualized yield is about 0.4%, a modest shareholder return.
• Neutral Sentiment: A valuation article presents a view that TPC may be undervalued by 27%, but that estimate depends on assumptions and does not guarantee future performance. Is Tutor Perini a bargain as raised guidance meets an undervalued view?
• Negative Sentiment: The shares’ decline despite the earnings beat and raised outlook suggests investors may be taking profits or weighing valuation and other concerns; the supplied coverage does not confirm the reason.

Insider Buying and Selling at Tutor Perini

In other Tutor Perini news, Director Sidney Feltenstein sold 184,209 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the completion of the transaction, the director owned 6,700 shares in the company, valued at approximately $650,235. This represents a 96.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dale Reiss sold 13,400 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $92.04, for a total transaction of $1,233,336.00. Following the transaction, the director owned 31,203 shares of the company’s stock, valued at approximately $2,871,924.12. The trade was a 30.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 2,507,609 shares of company stock valued at $216,823,719. 15.40% of the stock is owned by company insiders.

Tutor Perini Company Profile

Tutor Perini Corporation (NYSE:TPC) is a construction company that provides general contracting, construction management, and design-build services. Its operations are organized around civil, building, and specialty contracting activities, serving public agencies, private developers, and other institutional customers.

The company’s civil construction work includes major infrastructure such as highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other transportation and utility projects.