Tutor Perini (NYSE:TPC) Releases Earnings Results

Tutor Perini (NYSE:TPC) announced its earnings results on Wednesday. The construction company reported ($1.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.89) by ($0.03), Briefing.com reports. Tutor Perini had a negative return on equity of 9.43% and a negative net margin of 3.08%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm posted ($0.71) earnings per share. The company’s revenue was up 2.1% on a year-over-year basis.

Tutor Perini Price Performance

Shares of TPC opened at $30.51 on Friday. The firm has a market capitalization of $1.60 billion, a PE ratio of -12.16 and a beta of 1.50. The company’s 50-day moving average is $26.08 and its 200-day moving average is $22.76. Tutor Perini has a fifty-two week low of $6.86 and a fifty-two week high of $34.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.65 and a quick ratio of 1.65.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. UBS Group boosted their price objective on shares of Tutor Perini from $27.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. B. Riley upped their price target on shares of Tutor Perini from $38.00 to $40.00 and gave the company a “buy” rating in a report on Thursday. Finally, StockNews.com upgraded shares of Tutor Perini from a “hold” rating to a “buy” rating in a report on Thursday.

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.