Somewhat Positive News Coverage Somewhat Unlikely to Affect Tutor Perini (TPC) Stock Price
News stories about Tutor Perini (NYSE:TPC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Tutor Perini earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 46.0382998809961 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Tutor Perini (TPC) opened at $26.70 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.07 and a quick ratio of 2.07. Tutor Perini has a 1-year low of $22.60 and a 1-year high of $33.00. The stock has a market cap of $1,294.31, a PE ratio of 13.47, a P/E/G ratio of 1.42 and a beta of 2.36.
Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Thursday, November 9th. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.22). Tutor Perini had a net margin of 2.03% and a return on equity of 6.16%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. research analysts expect that Tutor Perini will post 1.83 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on TPC shares. Seaport Global Securities lowered shares of Tutor Perini from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $40.00 to $31.00 in a report on Wednesday, October 11th. B. Riley dropped their target price on shares of Tutor Perini from $37.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, November 14th. dropped their target price on shares of Tutor Perini from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. KeyCorp reaffirmed a “hold” rating on shares of Tutor Perini in a report on Friday, August 25th. Finally, Canaccord Genuity dropped their target price on shares of Tutor Perini from $35.00 to $32.00 and set a “buy” rating for the company in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Tutor Perini has a consensus rating of “Buy” and an average target price of $33.63.
In other Tutor Perini news, CEO Ronald N. Tutor sold 3,617 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $26.02, for a total transaction of $94,114.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ronald N. Tutor sold 75,000 shares of the stock in a transaction dated 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 175,000 shares of company stock valued at $4,543,211 in the last three months. 24.50% of the stock is currently owned by insiders.
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About Tutor Perini
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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