Tutor Perini (NYSE:TPC) Updates FY 2024 Earnings Guidance

Tutor Perini (NYSE:TPC) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.850-1.100 for the period, compared to the consensus EPS estimate of 0.880. The company issued revenue guidance of -.

Tutor Perini Stock Down 0.1 %

TPC stock traded down $0.01 during trading on Thursday, reaching $13.90. 352,166 shares of the stock were exchanged, compared to its average volume of 343,759. The firm’s 50 day moving average is $12.65 and its 200 day moving average is $9.81. Tutor Perini has a twelve month low of $4.90 and a twelve month high of $16.33. 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 (NYSE:TPC) last issued its quarterly earnings data 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 company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $951.50 million. Tutor Perini had a negative return on equity of 12.73% and a negative net margin of 4.41%. Equities analysts expect that Tutor Perini will post 0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut Tutor Perini from a buy rating to a hold rating in a research note on Saturday, March 30th.

Insider Activity at Tutor Perini

In other news, President Gary G. Smalley sold 27,958 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $12.86, for a total transaction of $359,539.88. Following the completion of the transaction, the president now directly owns 112,245 shares of the company’s stock, valued at $1,443,470.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tutor Perini news, President Gary G. Smalley sold 27,958 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $12.86, for a total value of $359,539.88. Following the transaction, the president now directly owns 112,245 shares in the company, valued at $1,443,470.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Gary G. Smalley sold 20,303 shares of Tutor Perini stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $12.40, for a total value of $251,757.20. Following the transaction, the president now owns 160,507 shares in the company, valued at $1,990,286.80. The disclosure for this sale can be found here. Insiders have sold 64,201 shares of company stock valued at $822,980 over the last ninety days. 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.