Tutor Perini (NYSE:TPC) Posts Earnings Results

Tutor Perini (NYSE:TPC) issued its quarterly earnings data on Wednesday. The construction company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.49, FiscalAI reports. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Tutor Perini had a net margin of 2.25% and a return on equity of 23.58%. The business’s revenue was up 21.5% on a year-over-year basis. During the same period last year, the company posted $0.07 EPS.

Here are the key takeaways from Tutor Perini’s conference call:

• Raised 2026 adjusted EPS guidance to $5.90–$6.10 from $5.15–$5.45, citing stronger-than-expected project execution and mitigation of previously identified risks. Management also expects double-digit revenue and earnings growth in 2027.
• Third-quarter results set records, including $1.7 billion in revenue, $125 million in operating income, and $331 million in operating cash flow; adjusted EPS rose 59% to $1.83. GAAP results included a debt-extinguishment loss and pension-settlement charge.
• Backlog reached a near-record $20.4 billion after $2.2 billion in awards and adjustments, with a 1.3x book-to-burn ratio. More than three-fourths of expected 2027 revenue is already in backlog, according to management.
• Management cited a pipeline exceeding $200 billion and expects project activity to support growth beyond 2027; it sees potential for further segment-margin improvement, particularly as Specialty Contractors’ newer work ramps up and legacy items roll off.
• Cash and cash equivalents exceeded total debt by $707 million, and the July refinancing reduced the senior-note coupon from 11.875% to 6.625%, which management expects to save $21 million in annual interest expense.

Tutor Perini Trading Up 8.6%

Shares of TPC traded up $7.07 during midday trading on Friday, hitting $88.92. The stock had a trading volume of 685,574 shares, compared to its average volume of 600,660. Tutor Perini has a 1 year low of $57.90 and a 1 year high of $102.30. The firm has a market cap of $4.68 billion, a PE ratio of 33.68 and a beta of 2.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29. The stock’s 50 day moving average is $83.87 and its 200 day moving average is $81.47.

Tutor Perini Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, November 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.4%. Tutor Perini’s payout ratio is 15.52%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TPC shares. Weiss Ratings downgraded shares of Tutor Perini from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Zacks Research cut Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. UBS Group upped their price objective on Tutor Perini from $105.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Tutor Perini presently has a consensus rating of “Hold” and an average price target of $107.00.

Insider Activity

In related news, Director Dale Reiss sold 13,400 shares of Tutor Perini stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $92.04, for a total transaction of $1,233,336.00. Following the completion of the transaction, the director directly owned 31,203 shares of the company’s stock, valued at approximately $2,871,924.12. The trade was a 30.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Ronald Tutor sold 2,310,000 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $85.59, for a total transaction of $197,712,900.00. Following the transaction, the chairman owned 701,477 shares in the company, valued at $60,039,416.43. The trade was a 76.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 15.40% of the stock is currently owned by company insiders.

Trending Headlines about Tutor Perini

Here are the key news stories impacting Tutor Perini this week:

• Positive Sentiment: Tutor Perini reported record third-quarter results: adjusted EPS of $1.83 beat the $1.34 consensus, while revenue of $1.72 billion exceeded estimates of $1.63 billion and rose 21.5% year over year. Management raised its 2026 EPS outlook, citing margin expansion and strong infrastructure demand. Tutor Perini Reports Record Third Quarter 2026 Financial Results; Raises 2026 Adjusted EPS Guidance
• Positive Sentiment: The company cited a substantial $20.4 billion backlog, providing visibility into future work. UBS raised its price target from $105 to $107 and maintained a Buy rating. TPC Q3 Earnings Call Highlights Higher Guidance & Backlog Growth
• Positive Sentiment: Investors bought 2,503 call options—about 16 times the average volume. This may signal bullish positioning, though options activity is not a guarantee of future performance.
• Neutral Sentiment: Tutor Perini declared a quarterly dividend of $0.09 per share, payable December 3, with a November 19 record date. The annualized yield is about 0.4%, a modest income component. Tutor Perini Corporation Declares Quarterly Dividend
• Negative Sentiment: One Q3 analysis flagged a backlog decline, which could temper the positive outlook if new project awards do not replenish work. The large reported backlog and stronger margins partly offset this concern. TPC Q3 2026 deep dive

Tutor Perini Company Profile

Tutor Perini Corporation (NYSE:TPC) is a construction company that provides general contracting, construction management, and design-build services. Its operations are organized around civil, building, and specialty contracting activities, serving public agencies, private developers, and other institutional customers.

The company’s civil construction work includes major infrastructure such as highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other transportation and utility projects.