Tutor Perini(TPC)
Search documents
Wall Street Analysts Think Tutor Perini (TPC) Is a Good Investment: Is It?
ZACKS· 2025-06-09 14:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Tutor Perini (TPC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Tutor Perini currently has an ...
Fast-paced Momentum Stock Tutor Perini (TPC) Is Still Trading at a Bargain
ZACKS· 2025-06-05 13:51
Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" strategy, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Momentum investing can be risky as stocks may lose momentum if their valuations exceed future growth potential, leading to potential losses for investors [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Tutor Perini (TPC) Analysis - Tutor Perini (TPC) has shown significant recent price momentum with a four-week price change of 63.4%, indicating growing investor interest [4] - TPC has gained 51.7% over the past 12 weeks, with a beta of 1.74, suggesting it moves 74% more than the market in either direction [5] - TPC holds a Momentum Score of B, indicating a favorable time to invest based on its momentum characteristics [6] Group 3: Earnings Estimates and Valuation - TPC has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which typically attract more investor interest and drive prices higher [7] - The stock is currently trading at a Price-to-Sales ratio of 0.45, suggesting it is undervalued as investors pay only 45 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides TPC, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting additional investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies tailored to help investors find winning stock picks based on their investing style [9]
Tutor Perini (TPC) Is a Great Choice for 'Trend' Investors, Here's Why
ZACKS· 2025-06-05 13:51
Core Insights - The article emphasizes the importance of identifying and maintaining trends in short-term investing, highlighting that a solid trend can lead to profitable opportunities [1][2] Group 1: Stock Performance - Tutor Perini (TPC) has shown a significant price increase of 51.7% over the past 12 weeks, indicating strong investor interest [4] - In the last four weeks, TPC's stock price increased by 63.4%, suggesting that the upward trend is still intact [5] - TPC is currently trading at 96.9% of its 52-week high-low range, indicating a potential breakout [5] Group 2: Fundamental Strength - TPC holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term performance [7] Group 3: Investment Strategy - The "Recent Price Strength" screen is a tool designed to identify stocks with sufficient fundamental strength to maintain their upward trends [3] - The article suggests that TPC is one of several stocks that meet the criteria of this screening process, indicating potential investment opportunities [8]
Tenth Avenue Petroleum Announces First Quarter 2025 Financial & Operating Results
Thenewswire· 2025-05-29 12:00
Core Insights - Tenth Avenue Petroleum Corp. reported financial and operational results for Q1 2025, highlighting significant improvements in revenue and production metrics compared to previous quarters and the same period last year [1][4]. Financial Performance - Total oil, natural gas, and processing revenue for Q1 2025 was $844,349, a 6% increase from $796,139 in Q1 2024 [3]. - Cash flow from operating activities reached $77,816, marking a 161% increase compared to Q1 2024 [3][4]. - Adjusted funds flow was $55,316, a 20% increase from $46,039 in Q1 2024 [3][4]. - Net income (loss) for Q1 2025 was $(268,245), a 22% decline from $(220,322) in Q1 2024 [3]. Production Metrics - The company achieved record production of 187 barrels of oil equivalent per day (boe/d), a 146% increase from Q4 2024 and a 53% increase from Q1 2024 [4]. - Oil and gas sales increased to $818,394 in Q1 2025, a 63% increase from $501,738 in Q4 2024 [4]. - Average realized sale prices for oil were $83.83 per barrel, an 8% increase from $77.45 in Q1 2024 [5]. Operational Highlights - Net production expenses per boe decreased by 56% to $30.61 in Q1 2025 from $70.10 in Q4 2024 [4]. - Total capital expenditures decreased by 91% to $15,323 in Q1 2025 from $168,700 in Q4 2024 [4]. - The company experienced a 194% increase in gas production due to the Patricia acquisition and a 30% increase in oil production from the Murray Lake operations [4]. Challenges - A mandatory shut-in at Swan Hills Unit No. 1 due to a local evacuation is expected to temporarily impact production by 18 boe/d [6][7].
Bull of the Day: Tutor Perini (TPC)
ZACKS· 2025-05-23 11:16
Core Viewpoint - Tutor Perini Corp. has exceeded earnings expectations for Q1 2025 and raised its full-year earnings guidance, driven by a record-high construction backlog and strong project execution [1][10]. Financial Performance - In Q1 2025, Tutor Perini reported earnings of $0.53, surpassing the Zacks Consensus Estimate by 783%, which was only $0.06 [3]. - Revenue increased by 19% to $1.25 billion from $1.05 billion in the same period last year, primarily due to higher-margin projects [4]. - The company repaid $121.9 million of its Term Loan B, resulting in a 24% reduction in total debt compared to the end of 2024 [5]. Backlog and New Contracts - Tutor Perini's backlog reached a record $19.4 billion as of March 31, 2025, up 94% from the end of Q1 2024, following $2 billion in new awards and contract adjustments [6][7]. - Significant new contracts include the $1.18 billion Manhattan Tunnel project and additional funding for various projects in Texas, Guam, and California [7]. Future Outlook - The company raised its full-year earnings guidance to a range of $1.60 to $1.95, up from $1.50 to $1.90 [10]. - Earnings for 2026 and 2027 are expected to more than double compared to 2025, with the Zacks Consensus for 2026 rising to $2.87, indicating further growth of 56% [11]. Market Performance - Tutor Perini's shares have reached new 5-year highs, outperforming the Russell 2000 small cap index year-to-date [12]. - The company is attractively priced with a forward P/E ratio of 19.3, a P/S ratio of 0.4, and a P/B ratio of 1.6, indicating potential value [14].
Tutor Perini (TPC) Is Considered a Good Investment by Brokers: Is That True?
ZACKS· 2025-05-22 14:36
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Tutor Perini (TPC) .Tutor Perini currently has an average brokerage recomm ...
Tutor Perini(TPC) - 2025 Q1 - Earnings Call Transcript
2025-05-07 22:02
Financial Data and Key Metrics Changes - The company reported a 19% year-over-year revenue growth to $1,250,000,000 for the first quarter of 2025, with operating income up 34% to $65,000,000 and earnings per share increasing 77% to $0.53 [5][18][22] - The backlog grew 94% to a record $19,400,000,000, driven by strong project execution and new awards [5][25] Business Line Data and Key Metrics Changes - Civil segment revenue increased 29% to $610,000,000, while building segment revenue rose 12% to $460,000,000, and specialty contractors segment revenue grew 7% to $177,000,000 [18][19] - Civil segment income from construction operations was $80,000,000, up from $71,000,000, while building segment income decreased to $10,000,000 from $16,000,000 [19][20] Market Data and Key Metrics Changes - The company secured $2,000,000,000 in new awards and contract adjustments during the first quarter, contributing to the record backlog [6][7] - The Indo Pacific region is highlighted as a major area for project opportunities, particularly due to U.S. military initiatives [8][9] Company Strategy and Development Direction - The company is focusing on selective bidding for projects with favorable contractual terms and higher margins, leveraging its record backlog [8][25] - The management anticipates strong sustained backlog growth and is actively pursuing major projects, including a multibillion-dollar Midtown bus terminal replacement project [11][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business outlook, increasing the 2025 EPS guidance to a range of $1.6 to $1.95, up from the previous guidance [13][25] - The company does not foresee significant impacts from U.S. trade policy or federal spending programs on its major projects [15][16] Other Important Information - The company achieved a solid operating cash flow of $23,000,000 for the first quarter, marking the third-best first quarter result in its history [5][23] - Total debt was reduced by 24% to $406,000,000, contributing to a healthier balance sheet [24] Q&A Session Summary Question: Confirmation of a clean quarter without significant closeouts or contract settlements - Management confirmed that the quarter was clean from significant dispute resolution impacts, with cash collections expected in the second quarter [30][32] Question: What is needed to move projects from preconstruction to construction phase? - Management indicated that the passage of time and ongoing preconstruction activities are key, with several projects expected to transition soon [37] Question: Insights on EPS guidance for 2025 and beyond - Management explained that the guidance is based on the ramp-up of new projects with better margins and contractual terms, expecting significant earnings growth in 2026 and 2027 [47][51] Question: Impact of tariffs and regulatory changes on project planning - Management noted no significant speed-up in project planning due to regulatory changes, but some smaller projects have seen expedited timelines [60][62] Question: Opportunities in the Indo Pacific region - Management highlighted tremendous opportunities in Guam and surrounding areas, with significant government-funded projects being monitored [70][72]
Tutor Perini(TPC) - 2025 Q1 - Earnings Call Transcript
2025-05-07 22:00
Financial Data and Key Metrics Changes - The company reported a 19% year-over-year revenue growth to $1,250,000,000 for Q1 2025, with operating income up 34% to $65,000,000 and earnings per share increasing 77% to $0.53 [5][18] - The backlog grew 94% to a record $19,400,000,000, with operating cash flow at $23,000,000, marking the third-best first quarter result in the company's history [5][22] Business Line Data and Key Metrics Changes - Civil segment revenue increased 29% to $610,000,000, while building segment revenue rose 12% to $460,000,000, and specialty contractors segment revenue grew 7% to $177,000,000 [18][19] - Civil segment income from construction operations was $80,000,000, up from $71,000,000, while building segment income decreased to $10,000,000 from $16,000,000 [19][20] - The specialty contractors segment posted a loss of $7,000,000, an improvement from a loss of $18,000,000 the previous year [20] Market Data and Key Metrics Changes - The company secured $2,000,000,000 in new awards and contract adjustments during the first quarter, contributing to the record backlog [6][7] - The Indo-Pacific region is highlighted as a significant area for project opportunities, particularly due to U.S. military initiatives [8][9] Company Strategy and Development Direction - The company plans to be selective in bidding for projects with favorable contractual terms and higher margins, leveraging its record backlog [8][9] - The company is increasing its 2025 EPS guidance to a range of $1.6 to $1.95, reflecting confidence in future performance despite potential risks [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, anticipating that earnings in 2026 and 2027 will more than double the increased EPS guidance for 2025 [13][14] - There are no anticipated significant impacts from U.S. trade policy or federal spending programs on major projects [14][15] Other Important Information - The company has reduced total debt by 24% to $406,000,000, enhancing its balance sheet [22][23] - The company is considering returning capital to shareholders through dividends or share buybacks as cash accumulates [50][51] Q&A Session Summary Question: Was the quarter clean without significant closeouts or contract settlements? - Management confirmed that the quarter was clean from significant dispute resolution impacts, with cash collections expected in the second quarter [27][28] Question: What is needed to move projects from preconstruction to construction phase? - Management indicated that the passage of time and ongoing preconstruction activities are key, with several projects expected to move into backlog soon [33][35] Question: What are the expectations for EPS guidance in 2025, 2026, and 2027? - Management stated that the guidance is based on the ramp-up of new projects with better margins, expecting to double the EPS in the following years [44][46] Question: How is the company addressing potential tariff impacts? - Management noted that while costs are rising, they have favorable contract terms that protect against tariff impacts, and no significant negative effects have been felt on existing work [37][38] Question: What is the outlook for backlog growth? - Management believes that the backlog could grow from the current $19,400,000,000, depending on the success of upcoming bids [67][68] Question: When is peak revenue expected? - Management anticipates that peak revenues will occur in 2027, with significant increases expected in 2026 as major projects ramp up [69][70]
Tutor Perini(TPC) - 2025 Q1 - Quarterly Report
2025-05-07 21:05
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 the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 1-6314 Tutor Perini Corporation (Exact Name of Registrant as Specified in its Charter) MASSACHUSETTS (State ...
Tutor Perini(TPC) - 2025 Q1 - Quarterly Results
2025-05-07 20:17
News Release Tutor Perini Reports Strong First Quarter 2025 Results; Raises 2025 EPS Guidance LOS ANGELES – (BUSINESS WIRE) – May 7, 2025 – Tutor Perini Corporation (the "Company") (NYSE: TPC), a leading civil, building and specialty construction company, today reported strong results for the first quarter of 2025 (see attached tables). Revenue for the first quarter of 2025 was $1.25 billion, up 19% compared to $1.05 billion for the same period in 2024. The Company experienced solid year-over-year growth ac ...