Tutor Perini (NYSE:TPC) Updates FY 2025 Earnings Guidance

Key Points

• Tutor Perini updated its FY 2025 earnings guidance, projecting earnings per share (EPS) between 1.700-2.000, slightly below the consensus estimate of 1.810.
• Analysts have shown optimism towards Tutor Perini, with B. Riley raising its price objective from $50.00 to $75.00 and UBS increasing its target from $41.00 to $59.00, both maintaining a "buy" rating.
• During a recent trading session, Tutor Perini's stock rose by $8.47 to reach $55.75, with significant trading volume surpassing its average.

Tutor Perini (NYSE:TPC - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 1.700-2.000 for the period, compared to the consensus EPS estimate of 1.810. The company issued revenue guidance of -.

Tutor Perini Price Performance

Shares of TPC stock traded up $0.21 on Monday, hitting $56.62. 1,162,367 shares of the stock traded hands, compared to its average volume of 764,302. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of -22.47 and a beta of 1.83. Tutor Perini has a 52 week low of $18.33 and a 52 week high of $63.96. The firm has a 50 day simple moving average of $45.40 and a two-hundred day simple moving average of $32.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 1.32.

Tutor Perini (NYSE:TPC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $1.12. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.27 billion. Tutor Perini had a negative net margin of 2.77% and a negative return on equity of 6.41%. Tutor Perini's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 EPS.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Wall Street Zen upgraded shares of Tutor Perini from a "buy" rating to a "strong-buy" rating in a report on Monday. B. Riley lifted their price target on shares of Tutor Perini from $50.00 to $75.00 and gave the company a "buy" rating in a report on Thursday. Finally, UBS Group lifted their price target on shares of Tutor Perini from $59.00 to $67.00 and gave the company a "buy" rating in a report on Thursday.

Insider Transactions at Tutor Perini

In other news, Chairman Ronald N. Tutor sold 130,478 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $40.93, for a total value of $5,340,464.54. Following the sale, the chairman directly owned 4,570,985 shares in the company, valued at $187,090,416.05. The trade was a 2.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Raymond R. Oneglia sold 25,000 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $36.14, for a total transaction of $903,500.00. Following the completion of the sale, the director owned 90,470 shares in the company, valued at approximately $3,269,585.80. This trade represents a 21.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 410,000 shares of company stock worth $15,891,651. Insiders own 17.30% of the company's stock.

Hedge Funds Weigh In On Tutor Perini

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in shares of Tutor Perini by 13.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company's stock worth $13,463,000 after purchasing an additional 69,489 shares during the period. Millennium Management LLC boosted its position in Tutor Perini by 165.2% in the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company's stock valued at $8,890,000 after buying an additional 238,933 shares during the period. AQR Capital Management LLC boosted its position in Tutor Perini by 42.0% in the 1st quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company's stock valued at $4,248,000 after buying an additional 54,204 shares during the period. Finally, Comerica Bank boosted its position in Tutor Perini by 30.7% in the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company's stock valued at $56,000 after buying an additional 569 shares during the period. 65.01% of the stock is owned by hedge funds and other institutional investors.

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.