Tutor Perini (NYSE:TPC) Posts Quarterly Earnings Results, Misses Expectations By $1.80 EPS

Tutor Perini (NYSE:TPC) issued its quarterly earnings results on Thursday. The construction company reported ($1.51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($1.80), RTT News reports. 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 firm posted ($0.91) earnings per share. Tutor Perini updated its FY 2025 guidance to 1.500-1.900 EPS.

Tutor Perini Price Performance

Shares of NYSE:TPC opened at $29.44 on Friday. The company’s fifty day moving average is $23.95 and its 200 day moving average is $25.22. Tutor Perini has a 52 week low of $10.32 and a 52 week high of $34.55. The stock has a market cap of $1.54 billion, a PE ratio of -11.73 and a beta of 1.52. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com downgraded shares of Tutor Perini from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. B. Riley increased their price objective on shares of Tutor Perini from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Vertical Research began coverage on shares of Tutor Perini in a report on Tuesday, December 10th. They issued a “buy” rating and a $38.00 target price on the 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.