Tutor Perini (NYSE:TPC) Issues 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

NYSE TPC traded up $1.48 during trading hours on Friday, reaching $56.55. The company's stock had a trading volume of 1,116,555 shares, compared to its average volume of 737,747. Tutor Perini has a fifty-two week low of $18.33 and a fifty-two week high of $63.96. The stock has a market cap of $2.98 billion, a PE ratio of -22.44 and a beta of 1.83. The company's 50-day moving average is $45.01 and its two-hundred day moving average is $32.12. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.32.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Tutor Perini from $59.00 to $67.00 and gave the stock a "buy" rating in a report on Thursday. Wall Street Zen lowered shares of Tutor Perini from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 3rd. Finally, B. Riley raised 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.

Insider Activity at Tutor Perini

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

Institutional Trading of Tutor Perini

A number of hedge funds have recently made changes to their positions in the stock. Comerica Bank grew its position in shares of Tutor Perini by 30.7% during the first quarter. Comerica Bank now owns 2,423 shares of the construction company's stock worth $56,000 after buying an additional 569 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Tutor Perini by 42.0% in the first quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company's stock worth $4,248,000 after purchasing an additional 54,204 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Tutor Perini by 13.6% in the first 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. Finally, Millennium Management LLC boosted its holdings in Tutor Perini by 165.2% in the first quarter. Millennium Management LLC now owns 383,530 shares of the construction company's stock worth $8,890,000 after purchasing an additional 238,933 shares during the period. Institutional investors and hedge funds 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.