$0.66 EPS Expected for Tutor Perini Corp (TPC)

October 13, 2017 - By Linda Rogers

 $0.66 EPS Expected for Tutor Perini Corp (TPC)
Investors sentiment decreased to 0.92 in Q2 2017. Its down 0.40, from 1.32 in 2017Q1. It fall, as 30 investors sold Tutor Perini Corp shares while 49 reduced holdings. 21 funds opened positions while 52 raised stakes. 39.25 million shares or 0.97% more from 38.87 million shares in 2017Q1 were reported.
Penn Mngmt Inc accumulated 0.4% or 187,943 shares. Invesco Ltd holds 0% or 369,432 shares in its portfolio. Glob X Limited Com holds 0% or 1,200 shares. Schwab Charles Invest Management holds 0.01% or 357,938 shares in its portfolio. Swiss Commercial Bank reported 64,900 shares. Chicago Equity Ptnrs Ltd Llc, a Illinois-based fund reported 61,810 shares. Falcon Point holds 0.24% in Tutor Perini Corp (NYSE:TPC) or 62,159 shares. Nationwide Fund Advsr holds 0.01% of its portfolio in Tutor Perini Corp (NYSE:TPC) for 125,393 shares. 300 are held by Creative Planning. California State Teachers Retirement Systems invested in 0% or 66,245 shares. Mutual Of America Ltd Co reported 0.03% in Tutor Perini Corp (NYSE:TPC). Ameriprise reported 162,956 shares. Oppenheimer Asset Mgmt has 0% invested in Tutor Perini Corp (NYSE:TPC). 300,109 are held by New York State Common Retirement Fund. Hotchkis Wiley Cap Mngmt Lc has invested 0.16% in Tutor Perini Corp (NYSE:TPC).

Since May 8, 2017, it had 0 insider purchases, and 1 insider sale for $140,300 activity. On Monday, May 8 SNYDER DONALD D sold $140,300 worth of Tutor Perini Corp (NYSE:TPC) or 5,000 shares.

Investors wait Tutor Perini Corp (NYSE:TPC) to report on November, 1. its quarterly earnings Wall Street analysts expect $0.66 earnings per share, up $0.09 or 15.79 % from last year’s $0.57 same quarter earnings. This translates into $32.88 million profit for TPC giving the stock a 10.57 P/E. This is assuming the current $0.66 EPS is accurate. Tutor Perini Corp’s Wall Street analysts see 11.86 % EPS growth, taking into account the $0.59 EPS reproted in the previous quarter, The stock decreased 0.36% or $0.1 during the last trading session, reaching $27.9. About 305,347 shares traded or 11.06% up from the average. Tutor Perini Corp (NYSE:TPC) has risen 25.83% since October 14, 2016 and is uptrending. It has outperformed by 9.13% the S&P500.

Tutor Perini Corp (NYSE:TPC) Ratings Coverage

Among 9 analysts covering Tutor Perini Corp (NYSE:TPC), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Tutor Perini Corp had 22 analyst reports since August 8, 2015 according to SRatingsIntel. Standpoint Research downgraded the stock to “Hold” rating in Tuesday, May 24 report. The rating was upgraded by Seaport Global on Monday, October 24 to “Buy”. The rating was maintained by M Partners with “Buy” on Tuesday, December 13. The rating was upgraded by Standpoint Research to “Buy” on Monday, October 3. The stock has “Hold” rating by KeyBanc Capital Markets on Thursday, October 5. The stock of Tutor Perini Corp (NYSE:TPC) has “Outperform” rating given on Thursday, June 30 by FBR Capital. The firm has “Buy” rating given on Wednesday, August 24 by M Partners. Canaccord Genuity maintained Tutor Perini Corp (NYSE:TPC) rating on Monday, August 7. Canaccord Genuity has “Buy” rating and $3500 target. As per Monday, January 25, the company rating was upgraded by Sidoti. The rating was initiated by Standpoint Research with “Buy” on Monday, April 11.

Tutor Perini Corporation is a construction firm offering general contracting, construction management and design-build services to private clients and public agencies across the world. The company has market cap of $1.39 billion. The Firm operates through three divisions: Civil, Building and Specialty Contractors. It has a 13.7 P/E ratio. The Company’s Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure across various geographic regions of the United States.

More recent Tutor Perini Corp (NYSE:TPC) news were published by: Reuters.com which released: “BofA pays Tutor Perini $37 million to resolve fraud lawsuit” on June 06, 2017. Also Streetinsider.com published the news titled: “Seaport Global Securities Assumes Tutor Perini Corporation (TPC) at Neutral” on November 15, 2015. Businesswire.com‘s news article titled: “Tutor Perini Building Corp. Awarded Palisades Village Project” with publication date: August 03, 2017 was also an interesting one.

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