Tutor Perini (NYSE:TPC) Releases Quarterly Earnings Results

Tutor Perini (NYSE:TPC) issued its quarterly earnings results on Thursday. The construction company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.15, FiscalAI reports. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.35 billion. Tutor Perini had a negative net margin of 0.55% and a positive return on equity of 7.07%. The company’s quarterly revenue was up 41.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.49) earnings per share. 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 Stock Up 3.8%

Shares of NYSE TPC opened at $89.41 on Friday. The firm has a market cap of $4.72 billion, a PE ratio of -168.69 and a beta of 2.21. The company’s fifty day simple moving average is $76.82 and its 200 day simple moving average is $68.17. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.31. Tutor Perini has a 12-month low of $18.33 and a 12-month high of $89.51.

Analyst Upgrades and Downgrades

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

Institutional Trading of Tutor Perini

Institutional investors have recently modified their holdings of the business. Gendell Jeffrey L grew its stake in shares of Tutor Perini by 95.0% during the 4th quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company’s stock valued at $59,642,000 after purchasing an additional 433,559 shares during the period. Millennium Management LLC boosted its holdings in shares of Tutor Perini by 165.2% in the first quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock worth $8,890,000 after buying an additional 238,933 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Tutor Perini by 397.2% in the second quarter. Cubist Systematic Strategies LLC now owns 292,077 shares of the construction company’s stock worth $13,663,000 after buying an additional 233,335 shares during the last quarter. Nearwater Capital Markets Ltd bought a new stake in Tutor Perini during the fourth quarter valued at approximately $15,080,000. Finally, Marshall Wace LLP increased its holdings in Tutor Perini by 243.1% during the third quarter. Marshall Wace LLP now owns 287,025 shares of the construction company’s stock valued at $18,826,000 after buying an additional 203,378 shares during the last quarter. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

Tutor Perini Company Profile

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.