FY2025 Earnings Forecast for Tutor Perini Issued By B. Riley

Tutor Perini Co. (NYSE:TPC) – Stock analysts at B. Riley upped their FY2025 earnings estimates for shares of Tutor Perini in a note issued to investors on Thursday, May 8th. B. Riley analyst L. Burke now anticipates that the construction company will post earnings of $1.84 per share for the year, up from their prior forecast of $1.53. B. Riley currently has a “Strong-Buy” rating on the stock.

TPC has been the topic of a number of other reports. StockNews.com raised shares of Tutor Perini from a “hold” rating to a “buy” rating in a research report on Thursday, May 8th. UBS Group upped their target price on shares of Tutor Perini from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, May 9th.

Tutor Perini Stock Performance

Tutor Perini stock opened at $35.85 on Monday. The firm’s 50 day simple moving average is $23.48 and its 200-day simple moving average is $24.89. Tutor Perini has a fifty-two week low of $14.50 and a fifty-two week high of $36.37. The company has a market cap of $1.89 billion, a P/E ratio of -14.28 and a beta of 1.62. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55.

Tutor Perini (NYSE:TPC) last released its earnings results on Wednesday, May 7th. The construction company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.47. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.08 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The firm’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share.

Institutional Trading of Tutor Perini

Several large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Tutor Perini by 32.5% in the first quarter. GAMMA Investing LLC now owns 2,080 shares of the construction company’s stock valued at $48,000 after buying an additional 510 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Tutor Perini by 7.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company’s stock worth $249,000 after acquiring an additional 700 shares during the period. CWM LLC increased its stake in Tutor Perini by 32.8% in the 1st quarter. CWM LLC now owns 3,442 shares of the construction company’s stock valued at $80,000 after buying an additional 850 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Tutor Perini by 8.8% in the 1st quarter. New York State Common Retirement Fund now owns 12,358 shares of the construction company’s stock valued at $286,000 after acquiring an additional 1,000 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Tutor Perini by 7.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 15,677 shares of the construction company’s stock valued at $363,000 after acquiring an additional 1,096 shares during the period. 65.01% of the stock is owned by institutional investors.

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.