FY2025 Earnings Estimate for Tutor Perini Issued By B. Riley

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

Tutor Perini (NYSE:TPC) last announced its earnings results on Thursday, February 27th. The construction company reported ($1.51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($1.80). Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the company posted ($0.91) EPS.

A number of other brokerages have also recently issued reports on TPC. Vertical Research assumed coverage on shares of Tutor Perini in a research report on Tuesday, December 10th. They set a “buy” rating and a $38.00 price target for the company. StockNews.com downgraded shares of Tutor Perini from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th.

Tutor Perini Stock Performance

Shares of TPC stock opened at $24.54 on Friday. The company’s fifty day moving average price is $24.29 and its 200-day moving average price is $25.58. The stock has a market cap of $1.29 billion, a PE ratio of -9.78 and a beta of 1.73. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Tutor Perini has a 12 month low of $13.15 and a 12 month high of $34.55.

Hedge Funds Weigh In On Tutor Perini

Several institutional investors and hedge funds have recently modified their holdings of TPC. Donald Smith & CO. Inc. grew its position in Tutor Perini by 5.5% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,450,257 shares of the construction company’s stock valued at $83,496,000 after purchasing an additional 179,819 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Tutor Perini by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,825,350 shares of the construction company’s stock valued at $68,373,000 after buying an additional 170,440 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Tutor Perini by 5.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,726,545 shares of the construction company’s stock valued at $65,982,000 after acquiring an additional 148,425 shares in the last quarter. Fred Alger Management LLC increased its position in shares of Tutor Perini by 91.9% during the fourth quarter. Fred Alger Management LLC now owns 1,133,014 shares of the construction company’s stock valued at $27,419,000 after acquiring an additional 542,647 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Tutor Perini by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,023,198 shares of the construction company’s stock worth $27,795,000 after acquiring an additional 38,458 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors.

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.