Tutor Perini Corporation (TPC) Receiving Somewhat Positive Press Coverage, Report Finds
Press coverage about Tutor Perini Corporation (NYSE:TPC) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news 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 0.12 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 45.5245895545371 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Tutor Perini (TPC) Presents At 16th Annual Engineering and Construction Conference – Slideshow (seekingalpha.com)
- Zacks: Brokerages Expect Tutor Perini Corporation (TPC) Will Post Quarterly Sales of $1.48 Billion (americanbankingnews.com)
- Tutor Perini Corp. breached its 50 day moving average in a Bullish Manner : TPC-US : September 18, 2017 (finance.yahoo.com)
- Tutor Perini Corporation (TPC) and Grana y Montero S.A.A. (GRAM) Head-To-Head Survey (americanbankingnews.com)
Tutor Perini Corporation (NYSE TPC) remained flat at $27.40 during midday trading on Friday. 558,821 shares of the stock traded hands. The stock’s 50 day moving average price is $25.83 and its 200 day moving average price is $27.99. The firm has a market capitalization of $1.36 billion, a PE ratio of 13.47 and a beta of 2.45. Tutor Perini Corporation has a 12-month low of $18.05 and a 12-month high of $33.00.
Tutor Perini Corporation (NYSE:TPC) last posted its quarterly earnings results on Monday, August 7th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The firm had revenue of $1.25 billion during 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 firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. On average, equities analysts expect that Tutor Perini Corporation will post $2.26 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on TPC shares. BidaskClub lowered Tutor Perini Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered Tutor Perini Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. KeyCorp reiterated a “hold” rating on shares of Tutor Perini Corporation in a research note on Friday, August 25th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Tutor Perini Corporation in a research note on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Tutor Perini Corporation presently has a consensus rating of “Hold” and an average price target of $31.29.
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In related news, CEO Ronald N. Tutor sold 75,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $26.09, for a total transaction of $1,956,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $26.11, for a total transaction of $652,750.00. Following the transaction, the insider now directly owns 5,923,120 shares of the company’s stock, valued at $154,652,663.20. The disclosure for this sale can be found here. Insiders have sold 175,000 shares of company stock valued at $4,566,711 over the last three months. 24.50% of the stock is currently owned by corporate insiders.
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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