Tutor Perini(TPC)
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Tutor Perini (TPC) Reports Q3 Loss, Lags Revenue Estimates
ZACKS· 2024-11-07 00:30
Tutor Perini (TPC) came out with a quarterly loss of $1.92 per share versus the Zacks Consensus Estimate of a loss of $1.78. This compares to loss of $0.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.87%. A quarter ago, it was expected that this construction company would post earnings of $0.16 per share when it actually produced earnings of $0.19, delivering a surprise of 18.75%.Over the last four quarters, the company ...
Tutor Perini(TPC) - 2024 Q3 - Quarterly Report
2024-11-06 22:06
Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $1.00 par value TPC The New York Stock Exchange Large accelerated filer ☐ Accelerated filer ☒ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For ...
Tutor Perini(TPC) - 2024 Q3 - Quarterly Results
2024-11-06 21:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 21, 2024 Tutor Perini Corporation (Exact name of registrant as specified in its charter) Massachusetts 1-6314 04-1717070 (State or Other Jurisdiction of Incorporation)(Commission File Number)(IRS Employer Identification No.) 15901 Olden Street, Sylmar, California 91342-1093 (Address of ...
Tutor Perini (TPC) Declines More Than Market: Some Information for Investors
ZACKS· 2024-10-25 23:06
Tutor Perini (TPC) closed the latest trading day at $25.97, indicating a -1.55% change from the previous session's end. This change lagged the S&P 500's 0.03% loss on the day. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, added 0.56%.Heading into today, shares of the construction company had gained 3.05% over the past month, outpacing the Construction sector's loss of 2.06% and the S&P 500's gain of 1.39% in that time.Investors will be eagerly watching for the performance of Tutor Perin ...
Tutor Perini (TPC) Soars 12.5%: Is Further Upside Left in the Stock?
ZACKS· 2024-10-22 18:16
Tutor Perini Corporation (TPC) shares ended the last trading session 12.5% higher at $30.66. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 4.1% gain over the past four weeks.TPC scored a strong price increase after the company shared updates on project dispute settlements and their financial outlook. Due to anticipated cash collections from these settlements and new project awards, the company projects 2024 opera ...
Tutor Perini (TPC) Advances While Market Declines: Some Information for Investors
ZACKS· 2024-10-15 23:06
Tutor Perini (TPC) closed the most recent trading day at $26.86, moving +0.79% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.75%, and the tech-heavy Nasdaq lost 1.01%. Prior to today's trading, shares of the construction company had gained 11.32% over the past month. This has outpaced the Construction sector's gain of 2.69% and the S&P 500's gain of 4.31% in that time. The upcoming earnings release of Tutor Perini will be of great i ...
Contract Wins Strengthen TPC's Prospects, High Costs Ail
ZACKS· 2024-10-11 14:50
Tutor Perini Corporation (TPC) is benefiting from solid contract wins in large mega-construction projects with limited market competition. The company's growing backlog supports its long-term growth in a dynamic economic environment. Also, the increasing flow of awards enables TPC to improve its margins and lower its total debt. However, the increased expense structure due to higher share-based compensation and several unfavorable adjustments raises concerns for the company. Factors Driving Growth Tutor Per ...
Tutor Perini (TPC) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2024-10-09 23:05
Tutor Perini (TPC) closed at $26.36 in the latest trading session, marking a -0.3% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.71%. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 0.6%. Prior to today's trading, shares of the construction company had gained 19.69% over the past month. This has outpaced the Construction sector's gain of 8.51% and the S&P 500's gain of 6.41% in that time. The upcoming earnings release of Tutor Perini will b ...
TPC's Fisk Electric Wins Initial Phase of $147M Electrical Contract
ZACKS· 2024-10-04 13:05
Tutor Perini Corporation's (TPC) subsidiary, Fisk Electric Company, secured the initial phase of a $147 million electrical contract for a new Harris Health hospital at the Lyndon B. Johnson Hospital campus in Houston, TX. The initial phase, valued at around $29 million, is awarded by McCarthy Building Companies, Inc. Per the contract, Fisk Electric's work involves electrical and fire alarm installations for the core and shell, along with tenant finish-out for the new hospital tower and podium. The 12-story ...
Tutor Perini's JV Secures $113M Contract in Guam, Stock Gains
ZACKS· 2024-10-03 12:50
Tutor Perini Corporation (TPC) , in a joint venture (JV) with its subsidiary Black Construction Corporation, secured a contract worth approximately $113.3 million. The contract, awarded by the Naval Facilities Engineering Systems Command, Pacific, is for the P-541 Missile Integration Test Facility at Naval Base Guam. Per the contract, the JV will manage the construction of a single-story, 57,664-square-foot concrete facility with a deep pile foundation, according to the Pacific Deterrence Initiative. The bu ...