FY2025 Earnings Forecast for Tutor Perini Issued By B. Riley

Tutor Perini Co. (NYSE:TPC) – Stock analysts at B. Riley issued their FY2025 earnings per share (EPS) estimates for Tutor Perini in a research note issued on Tuesday, March 18th. B. Riley analyst L. Burke expects that the construction company will earn $1.53 per share for the year. B. Riley has a “Strong-Buy” rating on the stock.

A number of other brokerages have also recently weighed in on TPC. StockNews.com cut Tutor Perini from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Vertical Research initiated coverage on Tutor Perini in a report on Tuesday, December 10th. They set a “buy” rating and a $38.00 target price on the stock.

Tutor Perini Stock Performance

Shares of NYSE:TPC opened at $24.54 on Friday. The business’s fifty day moving average price is $24.29 and its two-hundred day moving average price is $25.60. Tutor Perini has a fifty-two week low of $13.15 and a fifty-two week high of $34.55. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -9.78 and a beta of 1.73. 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 announced its quarterly earnings results on Thursday, February 27th. The construction company reported ($1.51) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($1.80). Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company earned ($0.91) earnings per share.

Institutional Trading of Tutor Perini

Large investors have recently made changes to their positions in the business. FMR LLC grew its holdings in shares of Tutor Perini by 103.1% during the third quarter. FMR LLC now owns 4,725 shares of the construction company’s stock worth $128,000 after purchasing an additional 2,399 shares during the last quarter. State of Wyoming boosted its holdings in Tutor Perini by 39.7% in the fourth quarter. State of Wyoming now owns 6,212 shares of the construction company’s stock valued at $150,000 after acquiring an additional 1,764 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Tutor Perini in the third quarter valued at about $201,000. Optimize Financial Inc bought a new position in Tutor Perini in the fourth quarter valued at about $221,000. Finally, KLP Kapitalforvaltning AS bought a new position in Tutor Perini in the fourth quarter valued at about $232,000. Institutional investors own 65.01% of the company’s stock.

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.