B. Riley Comments on Tutor Perini's Q4 Earnings (NYSE:TPC)

Tutor Perini Co. (NYSE:TPC - Free Report) - Equities researchers at B. Riley cut their Q4 2024 earnings per share estimates for shares of Tutor Perini in a research note issued to investors on Thursday, November 7th. B. Riley analyst A. Rygiel now expects that the construction company will post earnings of $0.30 per share for the quarter, down from their previous estimate of $0.31. B. Riley has a "Buy" rating and a $40.00 price objective on the stock. The consensus estimate for Tutor Perini's current full-year earnings is ($1.00) per share.

TPC has been the subject of a number of other reports. StockNews.com upgraded Tutor Perini from a "hold" rating to a "buy" rating in a research note on Thursday. UBS Group boosted their target price on shares of Tutor Perini from $27.00 to $39.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd.

Tutor Perini Stock Down 8.2 %

Shares of NYSE:TPC traded down $2.73 during midday trading on Friday, reaching $30.51. The company had a trading volume of 658,719 shares, compared to its average volume of 449,228. Tutor Perini has a 1-year low of $6.86 and a 1-year high of $34.55. The stock has a market cap of $1.60 billion, a PE ratio of -12.03 and a beta of 1.50. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.50. The business's 50 day moving average price is $25.95 and its 200 day moving average price is $22.64.

Tutor Perini (NYSE:TPC - Get Free Report) last announced its earnings results on Wednesday, November 6th. The construction company reported ($1.92) EPS for the quarter, missing the consensus estimate of ($1.78) by ($0.14). Tutor Perini had a negative return on equity of 9.43% and a negative net margin of 3.08%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the company posted ($0.71) EPS. The business's revenue for the quarter was up 2.1% compared to the same quarter last year.

Institutional Investors Weigh In On Tutor Perini

Large investors have recently added to or reduced their stakes in the business. CWM LLC increased its holdings in shares of Tutor Perini by 142.8% in the second quarter. CWM LLC now owns 1,714 shares of the construction company's stock valued at $37,000 after purchasing an additional 1,008 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Tutor Perini in the 3rd quarter valued at about $52,000. Allspring Global Investments Holdings LLC bought a new position in Tutor Perini in the 2nd quarter valued at about $51,000. nVerses Capital LLC acquired a new stake in Tutor Perini during the second quarter worth approximately $63,000. Finally, USA Financial Formulas lifted its position in Tutor Perini by 19.6% during the third quarter. USA Financial Formulas now owns 3,451 shares of the construction company's stock worth $94,000 after acquiring an additional 566 shares during the last quarter. 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.