Tutor Perini (NYSE:TPC) Releases Earnings Results, Misses Expectations By $0.25 EPS

Tutor Perini (NYSE:TPC) issued its quarterly earnings results on Wednesday. The construction company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.25), Briefing.com reports. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.30 billion. Tutor Perini had a negative net margin of 5.70% and a positive return on equity of 4.66%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. Tutor Perini updated its FY19 guidance to $1.40-1.55 EPS.

TPC remained flat at $$18.47 on Friday. The company had a trading volume of 635,241 shares, compared to its average volume of 463,624. Tutor Perini has a fifty-two week low of $9.24 and a fifty-two week high of $20.52. The company has a market cap of $928.67 million, a P/E ratio of 9.67 and a beta of 1.96. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average price of $15.28 and a two-hundred day moving average price of $14.20.

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A number of brokerages have recently commented on TPC. TheStreet lowered Tutor Perini from a “c” rating to a “d” rating in a report on Thursday, August 29th. DA Davidson restated a “buy” rating and issued a $18.00 price target on shares of Tutor Perini in a report on Monday, August 12th. Zacks Investment Research lowered Tutor Perini from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 14th. B. Riley boosted their price target on Tutor Perini from $18.00 to $23.00 and gave the company a “buy” rating in a report on Thursday. Finally, ValuEngine upgraded Tutor Perini from a “strong sell” rating to a “sell” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.67.

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 worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.

Read More: Example of operating income, EBIT and EBITDA

Earnings History for Tutor Perini (NYSE:TPC)

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