Tutor Perini (NYSE:TPC) Issues Q1 Earnings Guidance

Tutor Perini (NYSE:TPC) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.27-0.32 for the period, compared to the consensus estimate of ($0.17).

Tutor Perini Trading Down 1.7 %

Shares of Tutor Perini stock opened at $13.63 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.61. Tutor Perini has a 52 week low of $4.90 and a 52 week high of $16.33. The business’s fifty day simple moving average is $11.99 and its 200-day simple moving average is $9.53.

Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Wednesday, February 28th. The construction company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.98). The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $951.50 million. Tutor Perini had a negative return on equity of 12.73% and a negative net margin of 4.41%. Research analysts predict that Tutor Perini will post 0.92 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Activity

In other Tutor Perini news, President Gary G. Smalley sold 27,958 shares of the company’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 sale, the president now owns 112,245 shares of the company’s stock, valued at $1,443,470.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tutor Perini news, President Gary G. Smalley sold 15,940 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $13.28, for a total transaction of $211,683.20. Following the sale, the president now directly owns 68,346 shares of the company’s stock, valued at approximately $907,634.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Gary G. Smalley sold 27,958 shares of the firm’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 sale, the president now owns 112,245 shares in the company, valued at approximately $1,443,470.70. The disclosure for this sale can be found here. In the last three months, insiders sold 64,201 shares of company stock worth $822,980. Company insiders own 20.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado grew its stake in shares of Tutor Perini by 42.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 10,465 shares of the construction company’s stock valued at $95,000 after buying an additional 3,124 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Tutor Perini in the 3rd quarter valued at about $91,000. Schonfeld Strategic Advisors LLC grew its holdings in shares of Tutor Perini by 17.5% during the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 12,100 shares of the construction company’s stock worth $87,000 after purchasing an additional 1,800 shares during the period. Captrust Financial Advisors purchased a new position in shares of Tutor Perini in the 2nd quarter valued at $94,000. Finally, Raymond James & Associates purchased a new stake in shares of Tutor Perini in the first quarter worth about $142,000. Hedge funds and other institutional investors own 65.01% 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.