Tutor Perini (TPC) Projected to Post Quarterly Earnings on Wednesday

Tutor Perini (NYSE:TPC) is anticipated to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $1.08 billion for the quarter.

Tutor Perini Stock Performance

NYSE:TPC opened at $22.94 on Wednesday. The firm’s fifty day moving average price is $24.42 and its 200 day moving average price is $25.07. Tutor Perini has a 1-year low of $8.68 and a 1-year high of $34.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -9.14 and a beta of 1.52.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Vertical Research assumed coverage on shares of Tutor Perini in a research note on Tuesday, December 10th. They issued a “buy” rating and a $38.00 target price for the company. B. Riley boosted their target price on Tutor Perini from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. UBS Group boosted their target price on Tutor Perini from $27.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, StockNews.com cut Tutor Perini from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th.

Insider Activity at Tutor Perini

In related news, Director Raymond R. Oneglia sold 50,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $28.68, for a total value of $1,434,000.00. Following the completion of the sale, the director now directly owns 250,000 shares of the company’s stock, valued at approximately $7,170,000. This represents a 16.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 19.50% of the company’s stock.

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.