Tutor Perini Corp (TPC) Releases Earnings Results, Misses Expectations By $-0.08 EPS

Tutor Perini Corp (TPC) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $0.43 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $0.51. The company posted revenue of $1308.13 million in the period, compared to analysts expectations of $1401.88 million. The company’s revenue was down -.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on Tutor Perini Corp. Company shares were Reiterated by FBR Capital on Jun 30, 2016 to “Outperform”, Firm has raised the Price Target to $ 26 from a previous price target of $22 .Tutor Perini Corp was Initiated by MKM Partners to “Neutral” on Jun 29, 2016. Tutor Perini Corp was Downgraded by Standpoint Research to ” Hold” on May 24, 2016.

Tutor Perini Corp closed down -0.49 points or -1.91% at $25.12 with 4,18,035 shares getting traded on Friday. Post opening the session at $25.56, the shares hit an intraday low of $25.02 and an intraday high of $25.58 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Dec 18, 2015, James A Frost (President & COO) sold 10,000 shares at $16.68 per share price. According to the SEC, on Jun 17, 2015, Ronald N Tutor (CEO) purchased 10,080 shares at $23.66 per share price.

Tutor Perini Corporation is a construction company engaged in providing general contracting construction management and design-build services to private customers and public agencies. The Company operates through three segments: Civil Building and Specialty Contractors. The Civil segment focuses on public works construction and the repair replacement and reconstruction of infrastructure including highways bridges mass transit systems and water management and wastewater treatment facilities. Its Building segment provides services to various specialized building markets including the hospitality and gaming transportation healthcare municipal offices sports and entertainment educational and correctional facilities among others. Its Specialty Contractors segment provides electrical mechanical plumbing HVAC fire protection systems and pneumatically placed concrete for a range of civil and building construction projects.

Tutor Perini Corp

Leave a Reply

Tutor Perini Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Tutor Perini Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.