Tutor Perini (NYSE:TPC) Releases Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Tutor Perini (NYSE:TPC) announced its quarterly earnings data on Wednesday. The construction company reported ($1.92) EPS for the quarter, missing the consensus estimate of ($1.78) by ($0.14), Briefing.com reports. Tutor Perini had a negative net margin of 1.59% and a negative return on equity of 4.49%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted ($0.71) earnings per share. Tutor Perini’s revenue for the quarter was up 2.1% compared to the same quarter last year.

Tutor Perini Trading Up 13.7 %

TPC traded up $4.16 on Thursday, hitting $34.44. 455,272 shares of the company were exchanged, compared to its average volume of 446,501. Tutor Perini has a 12 month low of $6.86 and a 12 month high of $34.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.65 and a current ratio of 1.65. The firm has a fifty day simple moving average of $25.75 and a two-hundred day simple moving average of $22.57. The stock has a market capitalization of $1.80 billion, a PE ratio of -24.91 and a beta of 1.50.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TPC. UBS Group raised their price target on Tutor Perini from $27.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com lowered Tutor Perini from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th.

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 in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.