Tutor Perini (NYSE:TPC – Get Free Report) announced its quarterly earnings data on Wednesday. The construction company reported ($1.92) EPS for the quarter, missing the consensus estimate of ($1.78) by ($0.14), Briefing.com reports. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.43%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the business earned ($0.71) earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis.
Tutor Perini Stock Down 5.5 %
Tutor Perini stock traded down $1.83 during midday trading on Friday, hitting $31.41. 240,245 shares of the company’s stock were exchanged, compared to its average volume of 447,217. The company has a market cap of $1.65 billion, a PE ratio of -12.03 and a beta of 1.50. Tutor Perini has a 12 month low of $6.86 and a 12 month high of $34.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.65 and a current ratio of 1.65. The firm has a 50-day moving average of $25.95 and a two-hundred day moving average of $22.64.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. UBS Group boosted their price target on shares of Tutor Perini from $27.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of Tutor Perini from a “hold” rating to a “buy” rating in a report on Thursday. Finally, B. Riley upped their price target on shares of Tutor Perini from $38.00 to $40.00 and gave the stock a “buy” rating in a 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.
Featured Stories
- Five stocks we like better than Tutor Perini
- Breakout Stocks: What They Are and How to Identify Them
- The Hottest Markets to Watch After the Fed’s 25 Bps Rate Cut
- How to Invest in Insurance Companies: A Guide
- The Top 5 Performing S&P 500 Stocks YTD in 2024
- What is the Hang Seng index?
- L3Harris: Positioned for Gains With Trump’s Defense Policies
Receive News & Ratings for Tutor Perini Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tutor Perini and related companies with MarketBeat.com's FREE daily email newsletter.
