Tutor Perini (NYSE:TPC) Releases Earnings Results

Tutor Perini (NYSE:TPC) issued its quarterly earnings results on Thursday. The construction company reported ($1.51) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($1.80), RTT News reports. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. During the same period last year, the firm posted ($0.91) earnings per share.

Tutor Perini Trading Down 5.6 %

Tutor Perini stock traded down $1.29 during trading hours on Thursday, hitting $21.86. The company had a trading volume of 683,245 shares, compared to its average volume of 607,096. The firm has a market cap of $1.15 billion, a P/E ratio of -8.71 and a beta of 1.52. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. Tutor Perini has a 1 year low of $9.03 and a 1 year high of $34.55. The company has a 50-day moving average price of $23.94 and a two-hundred day moving average price of $25.17.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TPC shares. StockNews.com lowered shares of Tutor Perini from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. B. Riley raised their price objective on Tutor Perini from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Vertical Research initiated coverage on Tutor Perini in a research report on Tuesday, December 10th. They issued a “buy” rating and a $38.00 target price for the company.

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.