Tutor Perini (NYSE:TPC) Issues FY 2024 Earnings Guidance

Tutor Perini (NYSE:TPC) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.850-1.100 for the period, compared to the consensus EPS estimate of 1.100. The company issued revenue guidance of -. Tutor Perini also updated its FY24 guidance to $0.85-1.10 EPS.

Tutor Perini Stock Performance

Shares of TPC traded down $6.36 during midday trading on Friday, hitting $17.36. 2,105,581 shares of the company’s stock traded hands, compared to its average volume of 535,598. Tutor Perini has a 1 year low of $6.59 and a 1 year high of $26.88. The firm’s fifty day moving average is $22.27 and its 200-day moving average is $16.38. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 1.70.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com raised Tutor Perini from a hold rating to a buy rating in a research report on Friday, April 26th. UBS Group raised Tutor Perini from a neutral rating to a buy rating and upped their target price for the company from $14.00 to $27.00 in a research report on Friday, June 14th.

Insider Activity at Tutor Perini

In other Tutor Perini news, CEO Ronald N. Tutor sold 25,718 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $20.66, for a total transaction of $531,333.88. Following the sale, the chief executive officer now directly owns 3,411,222 shares of the company’s stock, valued at approximately $70,475,846.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Tutor Perini news, CEO Ronald N. Tutor sold 25,718 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $20.66, for a total transaction of $531,333.88. Following the sale, the chief executive officer now directly owns 3,411,222 shares of the company’s stock, valued at approximately $70,475,846.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ghassan Ariqat sold 11,855 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $19.62, for a total value of $232,595.10. The disclosure for this sale can be found here. Insiders have sold a total of 243,728 shares of company stock valued at $4,870,217 in the last ninety days. Company insiders own 19.50% of the company’s stock.

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.