Tutor Perini (NYSE:TPC) Releases Earnings Results, Beats Estimates By $1.07 EPS

Tutor Perini (NYSE:TPC) issued its quarterly earnings data on Wednesday. The construction company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $1.07, FiscalAI reports. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.57 billion. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. Tutor Perini updated its FY 2026 guidance to 5.150-5.450 EPS.

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

• Record second-quarter performance: Revenue rose 19% year over year to $1.6 billion, operating income increased 54% to $118 million, and adjusted EPS climbed 23% to $1.74. Operating margins improved across all segments, including Civil at 15.3%, Building at 5.6%, and Specialty Contractors at 2.2%.
• 2026 guidance was raised: Management increased adjusted EPS guidance to $5.15–$5.45 from $4.90–$5.30, citing strong project execution, sustained demand, and expectations for higher earnings in 2027.
• Cash generation and liquidity strengthened: First-half operating cash flow reached a record $334 million, while cash exceeded total debt by $542 million. A refinancing reduced the senior-notes coupon to 6.625%, extends maturities, and is expected to save approximately $21 million in annual cash interest.
• Backlog and bidding opportunities remain substantial: Backlog ended the quarter near a record at $19.9 billion, supported by $1.7 billion of awards, while management cited a potential project pipeline exceeding $200 billion over the next three to four years, particularly in the Indo-Pacific region and major U.S. infrastructure markets.
• Shareholder returns increased: The quarterly dividend was raised 50% to $0.09 per share, and the company repurchased approximately 137,000 shares for $10 million during the quarter, with $170 million remaining under its buyback authorization.

Tutor Perini Stock Up 18.5%

Shares of Tutor Perini stock traded up $15.68 during trading hours on Thursday, hitting $100.23. 654,035 shares of the company’s stock traded hands, compared to its average volume of 653,186. Tutor Perini has a twelve month low of $53.83 and a twelve month high of $102.30. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. The company has a market cap of $5.27 billion, a PE ratio of 68.21 and a beta of 2.05. The stock has a 50 day simple moving average of $78.54 and a 200-day simple moving average of $79.12.

Insider Transactions at Tutor Perini

In other news, Director Robert C. Lieber sold 17,500 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the completion of the transaction, the director owned 149,410 shares of the company’s stock, valued at approximately $11,259,537.60. The trade was a 10.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 15.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tutor Perini

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP boosted its stake in Tutor Perini by 74.7% in the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after purchasing an additional 183 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Tutor Perini by 446.3% during the 4th quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock worth $29,000 after buying an additional 357 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Tutor Perini by 31.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock valued at $42,000 after purchasing an additional 148 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in shares of Tutor Perini in the 3rd quarter worth approximately $72,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Tutor Perini in the fourth quarter valued at approximately $81,000. 65.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TPC. Wall Street Zen cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. Zacks Research downgraded Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, UBS Group reiterated a “buy” rating and set a $105.00 price target on shares of Tutor Perini in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $90.00.

Tutor Perini Company Profile

Tutor Perini Corporation is a leading U.S. construction company that provides diversified general contracting, construction management and design-build services to private clients and public agencies. The company operates through three principal market segments—Civil, Building and Specialty Contractors—serving a broad range of infrastructure and vertical construction needs.

In its Civil segment, Tutor Perini delivers heavy civil infrastructure projects including highways and bridges, water management, dams, tunnels and rail systems.