Tutor Perini (TPC) Scheduled to Post Quarterly Earnings on Thursday

Tutor Perini (NYSE:TPC) is set to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Tutor Perini to post earnings of ($0.18) per share for the quarter. Tutor Perini has set its FY 2024 guidance at 0.850-1.100 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Tutor Perini (NYSE:TPC) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported ($0.91) earnings per share (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 net margin of 4.41% and a negative return on equity of 12.73%. 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 Price Performance

Tutor Perini stock opened at $13.98 on Wednesday. Tutor Perini has a 1 year low of $4.90 and a 1 year high of $16.33. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a 50-day moving average of $12.55 and a two-hundred day moving average of $9.78.

Insider Activity

In other news, President Gary G. Smalley sold 27,958 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $12.86, for a total value of $359,539.88. Following the completion of the sale, the president now owns 112,245 shares in the company, valued at approximately $1,443,470.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, 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 transaction of $251,757.20. Following the completion of the transaction, the president now owns 160,507 shares in the company, valued at approximately $1,990,286.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Gary G. Smalley sold 27,958 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $12.86, for a total transaction of $359,539.88. Following the transaction, the president now owns 112,245 shares of the company’s stock, valued at approximately $1,443,470.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,201 shares of company stock worth $822,980. 19.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Tutor Perini from a “buy” rating to a “hold” rating in a report on Saturday, March 30th.

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.