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

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

Tutor Perini Trading Down 0.1 %

Shares of TPC traded down $0.01 during midday trading on Thursday, hitting $13.90. The company’s stock had a trading volume of 352,166 shares, compared to its average volume of 343,759. Tutor Perini has a one year low of $4.90 and a one year high of $16.33. The company’s fifty day simple moving average is $12.65 and its two-hundred day simple moving average is $9.81. The company has a current ratio of 1.66, a quick 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) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.98). The firm 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 predict that Tutor Perini will post 0.92 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, President Gary G. Smalley sold 27,958 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $12.86, for a total transaction of $359,539.88. Following the transaction, the president now directly owns 112,245 shares of the company’s stock, valued at approximately $1,443,470.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Tutor Perini news, President Gary G. Smalley sold 27,958 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $12.86, for a total transaction of $359,539.88. Following the completion of the sale, the president now directly owns 112,245 shares of the company’s stock, valued at approximately $1,443,470.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Gary G. Smalley sold 15,940 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $13.28, for a total value of $211,683.20. Following the sale, the president now directly owns 68,346 shares of the company’s stock, valued at $907,634.88. The disclosure for this sale can be found here. Insiders have sold 64,201 shares of company stock valued at $822,980 in the last ninety days. 19.50% of the stock is owned by company insiders.

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.