Tutor Perini (NYSE:TPC – Get Rating) released its earnings results on Wednesday. The construction company reported ($1.80) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($1.82), Briefing.com reports. Tutor Perini had a negative return on equity of 5.48% and a negative net margin of 2.24%. The business had revenue of $906.65 million during the quarter, compared to analysts’ expectations of $976.17 million. During the same quarter in the previous year, the business earned $0.57 EPS. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. Tutor Perini updated its FY23 guidance to $0.45-0.65 EPS and its FY 2023 guidance to $0.45-$0.65 EPS.
Tutor Perini Price Performance
TPC opened at $6.04 on Friday. Tutor Perini has a 12-month low of $5.40 and a 12-month high of $10.94. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.61. The business’s fifty day simple moving average is $8.56 and its 200-day simple moving average is $7.53. The company has a market capitalization of $311.00 million, a price-to-earnings ratio of -3.60 and a beta of 1.50.
Analyst Ratings Changes
A number of analysts have weighed in on the company. B. Riley reduced their target price on Tutor Perini from $10.00 to $8.00 in a research note on Friday. StockNews.com began coverage on Tutor Perini in a research report on Thursday. They set a “hold” rating on the stock.
Hedge Funds Weigh In On Tutor Perini
About Tutor Perini
Tutor Perini Corp. engages in the provision of construction services. It operates through the following business segments: Civil, Building, and Specialty Contractors. The Civil segment specializes in public works construction and the replacement and reconstruction of infrastructure across the major geographic regions of the United States.
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