Tutor Perini Corp (TPC) Receiving Favorable Media Coverage, Report Finds
Media stories about Tutor Perini Corp (NYSE:TPC) have trended positive on Friday, AlphaOne reports. The research firm, a unit of Accern, identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tutor Perini Corp earned a news sentiment score of 0.29 on AlphaOne’s scale. AlphaOne also assigned press coverage about the construction company an impact score of 42 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted AlphaOne Sentiment Analysis’s analysis:
- $1.12 Billion in Sales Expected for Tutor Perini Corp (TPC) This Quarter (americanbankingnews.com)
- Tutor Perini : Announces Results of Cash Tender Offer for its Outstanding 7⅝% Senior Notes Due 2018 (4-traders.com)
- Tutor Perini Announces Results of Cash Tender Offer for its Outstanding 7 5/8% Senior Notes Due 2018 (marketwatch.com)
- Tutor Perini Corp (TPC) Earns Daily News Sentiment Rating of 0.47 (americanbankingnews.com)
- Tutor Perini Announces Results of Cash Tender Offer for its Outstanding 7⅝% Senior Notes Due 2018 – Business Wire (press release) (businesswire.com)
Several brokerages recently issued reports on TPC. Canaccord Genuity raised their price target on Tutor Perini Corp from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 19th. Standpoint Research raised Tutor Perini Corp from a “hold” rating to a “buy” rating in a report on Wednesday, January 25th. MKM Partners raised their price target on Tutor Perini Corp from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, December 28th. KeyCorp started coverage on Tutor Perini Corp in a research report on Friday, January 27th. They issued a “sector weight” rating on the stock. Finally, FBR & Co raised their target price on Tutor Perini Corp from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, January 26th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $29.50.
Shares of Tutor Perini Corp (NYSE:TPC) traded down 3.04% during trading on Friday, hitting $30.25. The stock had a trading volume of 435,736 shares. The stock’s 50 day moving average is $30.60 and its 200 day moving average is $27.40. Tutor Perini Corp has a 52 week low of $14.95 and a 52 week high of $33.00. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 15.76 and a beta of 2.60.
Tutor Perini Corp (NYSE:TPC) last issued its earnings results on Thursday, February 23rd. The construction company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The company earned $1.25 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Tutor Perini Corp had a net margin of 1.51% and a return on equity of 5.05%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS. On average, equities research analysts expect that Tutor Perini Corp will post $2.28 earnings per share for the current fiscal year.
In related news, COO James A. Frost sold 110,000 shares of the company’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $30.27, for a total value of $3,329,700.00. Following the completion of the sale, the chief operating officer now owns 534,661 shares in the company, valued at approximately $16,184,188.47. The transaction was disclosed in a filing with the SEC, which is available through this link. 23.40% of the stock is owned by corporate insiders.
Tutor Perini Corp Company Profile
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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