Tutor Perini Corporation Company Profile (NYSE:TPC)

Tutor Perini Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "TPC."

Tutor Perini Corporation (NYSE:TPC) announced its quarterly earnings results on Monday, August, 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.57 by $0.02. The company earned $1.25 billion during the quarter, compared to analyst estimates of $1.42 billion. Tutor Perini Corporation had a return on equity of 6.60% and a net margin of 2.08%. The firm's quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. View Tutor Perini Corporation's Earnings History.

Tutor Perini Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Tutor Perini Corporation.

Tutor Perini Corporation updated its FY17 earnings guidance on Monday, August, 7th. The company provided earnings per share guidance of $2.10 - $2.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.29. The company issued revenue guidance of at least $5.50 billion, compared to the consensus revenue estimate of $5.45 billion.

8 analysts have issued 12-month target prices for Tutor Perini Corporation's stock. Their forecasts range from $22.00 to $38.00. On average, they expect Tutor Perini Corporation's share price to reach $32.00 in the next year. View Analyst Ratings for Tutor Perini Corporation.

Here are some recent quotes from research analysts about Tutor Perini Corporation stock:

• 1. According to Zacks Investment Research, "Tutor Perini Corporation provides diversified general contracting, construction management and design-build services to private clients and public agencies worldwide. The company operates in four segments: Civil, Building, Specialty Contractors, and Management Services. The Civil segment engages in public works construction activities and the repair, replacement, and reconstruction of infrastructure. The Building segment offers services in specialized building markets, including hospitality and gaming, transportation, healthcare, municipal offices, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, industrial, and high technology. The Specialty Contractors segment provides plumbing, HVAC, electrical, mechanical, and concrete services for the industrial, commercial, hospitality and gaming, and transportation markets. The Management Services segment offers construction and design-build services to the U.S. military and government agencies, and multi-national corporations. " (10/11/2017)
• 2. Canaccord Genuity analysts commented, "We met with CFO Gary Smalley and IR earlier this week at TPC’s headquarters. We remain positive on the 2H demand inflection and continue to expect strong long-term growth driven primarily by a better funding environment for Civil projects. The outlook for continuing margin improvements looks upbeat as well, given the growing mix of Civil within backlog and absolute improvements for margins in Specialty and from better overall pricing. In the near term we expect the timing of the wind-down and ramp-up of certain Civil projects to drive a more 2H weighting for results than we had previously modeled, especially for EPS. We are adjusting the linearity of our 2017 estimates accordingly, while leaving the full year for 2017 and 2018 unchanged. Given strong award activity ($774M in Civil awards in Q2) and recent news that TPC was low bidder on an additional $142M of Civil work, we expect Civil backlog to grow substantially Y/Y in Q2, although overall backlog could be flat to down modestly. In our view, the growth and increasing mix of Civil backlog is the best indicator of future EBITDA trends for the company." (6/23/2017)

Some companies that are related to Tutor Perini Corporation include KBR (KBR), Granite Construction Incorporated (GVA), Balfour Beatty plc (BBY), Chicago Bridge & Iron Company N.V. (CBI), Primoris Services Corporation (PRIM), Galliford Try plc (GFRD), NCI Building Systems (NCS), Kier Group plc (KIE), John Laing Group PLC (JLG), Argan (AGX), Aegion Corp (AEGN), Keller Group plc (KLR), Grana y Montero S.A.A. (GRAM), Morgan Sindall Group PLC (MGNS), USD Partners LP (USDP), Renew Holdings Plc (RNWH), Severfield PLC (SFR) and Orion Group Holdings (ORN).

Tutor Perini Corporation's management team includes the folowing people:

• Ronald N. Tutor, Chairman of the Board, Chief Executive Officer
• James Allen Frost, President, Chief Operating Officer, Director
• Michael R. Klein, Lead Independent Vice Chairman of the Board
• Gary G. Smalley, Chief Financial Officer, Executive Vice President
• Leonard Rejcek, Executive Vice President, President and Chief Executive Officer - Building Group
• Ryan J. Soroka, Chief Accounting Officer, Vice President, Principal Accounting Officer
• Sidney J. Feltenstein, Director
• Peter Arkley, Independent Director
• Thomas C. Leppert, Independent Director
• Robert C. Lieber, Independent Director

Shares of Tutor Perini Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Tutor Perini Corporation stock can currently be purchased for approximately $27.50.