Tutor Perini (TPC) to Release Quarterly Earnings on Thursday

Tutor Perini (NYSE:TPC - Get Free Report) is set to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Tutor Perini has set its FY 2024 guidance at 0.850-1.100 EPS.Parties that are interested in registering for the company's conference call can do so using this link.

Tutor Perini (NYSE:TPC - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The construction company reported ($0.91) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.98). The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $951.50 million. Tutor Perini had a negative return on equity of 12.73% and a negative net margin of 4.41%. On average, analysts expect Tutor Perini to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Tutor Perini Trading Down 0.6 %

TPC traded down $0.08 on Friday, hitting $13.30. The company had a trading volume of 1,239,142 shares, compared to its average volume of 343,852. Tutor Perini has a 12-month low of $4.90 and a 12-month high of $16.33. The business's fifty day simple moving average is $12.35 and its 200 day simple moving average is $9.67. The company has a market cap of $695.32 million, a PE ratio of -4.04 and a beta of 1.62. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.61.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Tutor Perini from a "buy" rating to a "hold" rating in a research report on Saturday, March 30th.

Insider Buying and Selling at Tutor Perini

In other Tutor Perini news, President Gary G. Smalley sold 20,303 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $12.40, for a total transaction of $251,757.20. Following the completion of the transaction, the president now owns 160,507 shares in the company, valued at $1,990,286.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, President Gary G. Smalley sold 15,940 shares of the business's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $13.28, for a total value of $211,683.20. Following the completion of the sale, the president now owns 68,346 shares in the company, valued at $907,634.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Gary G. Smalley sold 20,303 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $12.40, for a total value of $251,757.20. Following the completion of the sale, the president now owns 160,507 shares of the company's stock, valued at approximately $1,990,286.80. The disclosure for this sale can be found here. Insiders sold 64,201 shares of company stock worth $822,980 over the last 90 days. Company insiders own 21.30% of the company's stock.

Institutional Trading of Tutor Perini

Large investors have recently modified their holdings of the company. Public Employees Retirement Association of Colorado raised its stake in Tutor Perini by 42.6% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 10,465 shares of the construction company's stock worth $95,000 after buying an additional 3,124 shares in the last quarter. Hsbc Holdings PLC bought a new position in Tutor Perini in the third quarter worth approximately $91,000. Schonfeld Strategic Advisors LLC raised its stake in Tutor Perini by 17.5% in the second quarter. Schonfeld Strategic Advisors LLC now owns 12,100 shares of the construction company's stock worth $87,000 after buying an additional 1,800 shares in the last quarter. Captrust Financial Advisors bought a new position in Tutor Perini in the second quarter worth approximately $94,000. Finally, Raymond James & Associates bought a new position in Tutor Perini in the first quarter worth approximately $142,000. Hedge funds and other institutional investors own 65.01% of the company's stock.

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.