News stories about Tutor Perini Corporation (NYSE:TPC) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tutor Perini Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the construction company an impact score of 46.5239734152913 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Tutor Perini Corporation Expected to Earn Q3 2017 Earnings of $0.70 Per Share (TPC) (americanbankingnews.com)
- Tutor Perini Corporation (TPC) to Post FY2019 Earnings of $3.49 Per Share, Seaport Global Securities Forecasts (americanbankingnews.com)
- Tutor Perini Corporation (TPC) Raised to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Tutor Perini Corporation (TPC) Stock Rating Lowered by Seaport Global Securities (americanbankingnews.com)
TPC has been the topic of a number of research analyst reports. Canaccord Genuity reissued a “buy” rating on shares of Tutor Perini Corporation in a report on Friday, June 23rd. BidaskClub raised shares of Tutor Perini Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Zacks Investment Research raised shares of Tutor Perini Corporation from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Wednesday, July 5th. KeyCorp reissued a “hold” rating on shares of Tutor Perini Corporation in a report on Friday, August 25th. Finally, Seaport Global Securities downgraded shares of Tutor Perini Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $40.00 to $31.00 in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Tutor Perini Corporation has a consensus rating of “Hold” and an average price target of $32.00.
Shares of Tutor Perini Corporation (NYSE:TPC) traded down 0.54% during mid-day trading on Tuesday, hitting $27.80. 214,203 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $27.31 and a 200-day moving average price of $27.78. The stock has a market cap of $1.38 billion, a P/E ratio of 13.67 and a beta of 2.45. Tutor Perini Corporation has a 1-year low of $18.05 and a 1-year high of $33.00.
Tutor Perini Corporation (NYSE:TPC) last announced its quarterly earnings data on Monday, August 7th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Tutor Perini Corporation had a net margin of 2.08% and a return on equity of 6.60%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. Equities research analysts anticipate that Tutor Perini Corporation will post $2.26 EPS for the current fiscal year.
In other news, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of Tutor Perini Corporation stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $26.11, for a total value of $652,750.00. Following the transaction, the insider now owns 5,923,120 shares of the company’s stock, valued at approximately $154,652,663.20. 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 75,000 shares of Tutor Perini Corporation stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $26.09, for a total transaction of $1,956,750.00. The disclosure for this sale can be found here. Insiders sold a total of 175,000 shares of company stock worth $4,566,711 in the last ninety days. Corporate insiders own 24.50% of the company’s stock.
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About Tutor Perini Corporation
Tutor Perini Corporation is a construction company offering general contracting, construction management and design-build services to private customers and public agencies across the world. The Company operates through three segments: Civil, Building and Specialty Contractors. Its Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure across various geographic regions of the United States.
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