Tutor Perini (TPC) Set to Announce Quarterly Earnings on Thursday

Tutor Perini (NYSE:TPC) will be posting its quarterly earnings results after the market closes on Thursday, August 1st. Analysts expect Tutor Perini to post earnings of $0.16 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Tutor Perini Trading Down 0.0 %

Tutor Perini stock opened at $24.13 on Wednesday. Tutor Perini has a 52 week low of $6.59 and a 52 week high of $26.88. The stock has a 50-day moving average price of $22.21 and a 200 day moving average price of $16.15. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.60.

Insider Activity

In other Tutor Perini news, Director Michael R. Klein sold 181,155 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $19.99, for a total value of $3,621,288.45. Following the transaction, the director now owns 208,976 shares in the company, valued at approximately $4,177,430.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Ronald N. Tutor sold 25,718 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $20.66, for a total value of $531,333.88. Following the sale, the chief executive officer now owns 3,411,222 shares in the company, valued at approximately $70,475,846.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael R. Klein sold 181,155 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $19.99, for a total transaction of $3,621,288.45. Following the completion of the transaction, the director now owns 208,976 shares in the company, valued at $4,177,430.24. The disclosure for this sale can be found here. Insiders have sold 243,728 shares of company stock worth $4,870,217 over the last 90 days. Company insiders own 19.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com raised shares of Tutor Perini from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. UBS Group upgraded Tutor Perini from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $14.00 to $27.00 in a research note on Friday, June 14th.

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.