Tutor Perini (NYSE:TPC) Issues Earnings Results, Misses Estimates By $0.03 EPS

Tutor Perini (NYSE:TPC) announced its quarterly earnings results on Wednesday. The construction company reported ($1.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.89) by ($0.03), Briefing.com reports. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.17 billion. Tutor Perini had a negative return on equity of 9.43% and a negative net margin of 3.08%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.71) EPS.

Tutor Perini Trading Down 8.2 %

Shares of TPC opened at $30.51 on Friday. Tutor Perini has a fifty-two week low of $6.86 and a fifty-two week high of $34.55. The business has a 50-day moving average of $26.08 and a 200 day moving average of $22.76. The firm has a market cap of $1.60 billion, a P/E ratio of -12.16 and a beta of 1.50. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.65 and a current ratio of 1.65.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TPC shares. StockNews.com upgraded shares of Tutor Perini from a “hold” rating to a “buy” rating in a report on Thursday. UBS Group raised their price objective on Tutor Perini from $27.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, B. Riley raised their price target on shares of Tutor Perini from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday.

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.