FY2025 Earnings Forecast for Tutor Perini Issued By B. Riley

Tutor Perini Co. (NYSE:TPC - Free Report) - Equities researchers at B. Riley raised their FY2025 earnings per share (EPS) estimates for Tutor Perini in a report issued on Thursday, May 8th. B. Riley analyst L. Burke now forecasts that the construction company will post earnings of $1.84 per share for the year, up from their prior forecast of $1.53. B. Riley currently has a "Strong-Buy" rating on the stock.

Tutor Perini (NYSE:TPC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The construction company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.47. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.08 billion. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The business's revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share.

A number of other research firms have also weighed in on TPC. StockNews.com raised Tutor Perini from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. UBS Group lifted their target price on Tutor Perini from $40.00 to $41.00 and gave the company a "buy" rating in a research report on Friday, May 9th.

Tutor Perini Trading Up 0.7%

NYSE TPC traded up $0.26 on Monday, reaching $36.09. 1,477,897 shares of the company were exchanged, compared to its average volume of 544,966. The business's fifty day moving average price is $23.48 and its 200 day moving average price is $24.89. The stock has a market capitalization of $1.90 billion, a P/E ratio of -14.38 and a beta of 1.62. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Tutor Perini has a fifty-two week low of $14.50 and a fifty-two week high of $36.79.

Institutional Investors Weigh In On Tutor Perini

Several institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Tutor Perini by 32.5% in the 1st quarter. GAMMA Investing LLC now owns 2,080 shares of the construction company's stock valued at $48,000 after buying an additional 510 shares during the period. Comerica Bank increased its holdings in Tutor Perini by 30.7% during the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company's stock worth $56,000 after purchasing an additional 569 shares during the period. Commonwealth Equity Services LLC increased its holdings in Tutor Perini by 7.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company's stock worth $249,000 after purchasing an additional 700 shares during the period. CWM LLC increased its holdings in Tutor Perini by 32.8% during the 1st quarter. CWM LLC now owns 3,442 shares of the construction company's stock worth $80,000 after purchasing an additional 850 shares during the period. Finally, First Wilshire Securities Management Inc. increased its holdings in Tutor Perini by 0.3% during the 1st quarter. First Wilshire Securities Management Inc. now owns 264,758 shares of the construction company's stock worth $6,137,000 after purchasing an additional 857 shares during the period. Hedge funds and other institutional investors own 65.01% of the company's stock.

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.