Tutor Perini (TPC) Scheduled to Post Earnings on Thursday

Tutor Perini (NYSE:TPC) is scheduled to post its quarterly earnings results after the market closes on Thursday, August 1st. Analysts expect Tutor Perini to post earnings of $0.16 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Tutor Perini Stock Performance

Shares of NYSE:TPC traded down $0.13 during trading on Tuesday, hitting $24.88. 100,630 shares of the company traded hands, compared to its average volume of 445,700. Tutor Perini has a one year low of $6.59 and a one year high of $26.88. The business’s fifty day moving average is $22.14 and its 200-day moving average is $16.04. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.60.

Insiders Place Their Bets

In other Tutor Perini news, CEO Ronald N. Tutor sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $19.40, for a total value of $485,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,387,267 shares in the company, valued at $46,312,979.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Ghassan Ariqat sold 11,855 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $19.62, for a total transaction of $232,595.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ronald N. Tutor sold 25,000 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $19.40, for a total value of $485,000.00. Following the sale, the chief executive officer now owns 2,387,267 shares of the company’s stock, valued at approximately $46,312,979.80. The disclosure for this sale can be found here. Insiders sold 243,728 shares of company stock worth $4,870,217 over the last ninety days. Company insiders own 19.50% of the company’s stock.

Wall Street Analysts Forecast Growth

TPC has been the subject of a number of recent analyst reports. StockNews.com raised Tutor Perini from a “hold” rating to a “buy” rating in a report on Friday, April 26th. UBS Group raised Tutor Perini from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $14.00 to $27.00 in a report on Friday, June 14th.

Tutor Perini Company Profile

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.