Tutor Perini Co. (NYSE:TPC - Free Report) - Analysts at B. Riley cut their Q4 2024 earnings per share (EPS) estimates for Tutor Perini in a research note issued on Thursday, November 7th. B. Riley analyst A. Rygiel now forecasts that the construction company will earn $0.30 per share for the quarter, down from their previous forecast of $0.31. B. Riley currently has a "Buy" rating and a $40.00 target price on the stock. The consensus estimate for Tutor Perini's current full-year earnings is ($1.00) per share.
Tutor Perini (NYSE:TPC - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported ($1.92) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.78) by ($0.14). Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.43%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned ($0.71) EPS. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year.
Other analysts have also issued research reports about the stock. StockNews.com raised shares of Tutor Perini from a "hold" rating to a "buy" rating in a research report on Thursday. UBS Group lifted their price target on shares of Tutor Perini from $27.00 to $39.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd.
View Our Latest Research Report on Tutor Perini
Shares of NYSE:TPC opened at $33.24 on Friday. The company's 50-day moving average is $25.95 and its 200 day moving average is $22.64. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.65 and a quick ratio of 1.65. Tutor Perini has a fifty-two week low of $6.86 and a fifty-two week high of $34.55.
Several institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC lifted its position in shares of Tutor Perini by 142.8% during the second quarter. CWM LLC now owns 1,714 shares of the construction company's stock worth $37,000 after acquiring an additional 1,008 shares in the last quarter. Plato Investment Management Ltd bought a new position in Tutor Perini in the 3rd quarter worth about $52,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Tutor Perini during the second quarter valued at about $51,000. nVerses Capital LLC purchased a new stake in shares of Tutor Perini in the second quarter worth about $63,000. Finally, USA Financial Formulas grew its stake in Tutor Perini by 19.6% during the third quarter. USA Financial Formulas now owns 3,451 shares of the construction company's stock valued at $94,000 after acquiring an additional 566 shares in the last quarter. 65.01% of the stock is owned by institutional investors.
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.
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