Tutor Perini (NYSE:TPC) Issues Quarterly Earnings Results

by · The Markets Daily

Tutor Perini (NYSE:TPC – Get Free Report) issued its quarterly earnings data on Thursday. The construction company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.15, FiscalAI reports. Tutor Perini had a positive return on equity of 7.07% and a negative net margin of 0.55%.The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Tutor Perini updated its FY 2026 guidance to 4.900-5.300 EPS.

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

  • Tutor Perini delivered a record 2025 with $5.5 billion of revenue, a record $748 million of operating cash flow and $4.29 of adjusted EPS, and management is guiding to double‑digit revenue growth and adjusted EPS of $4.90–$5.30 in 2026.
  • Backlog provides multi‑year visibility — year‑end backlog was $20.6 billion (up 10%) driven by $7.4 billion of 2025 awards including several mega projects, and management says nine mega projects (~$16 billion) have healthy margins and favorable contract terms.
  • Balance sheet and capital return progress: total debt down 24%, ended 2025 with a net cash position of $327 million, the board authorized a first quarterly dividend (six cents) and a $200 million buyback program, and management expects refinancing to cut interest costs.
  • Near‑term risks include some backlog “lumpiness” (management expects modest near‑term backlog reduction before resumed growth) and about a dozen remaining legacy dispute matters that could still affect results despite recent settlements and a near‑term ~$40 million recovery.

Tutor Perini Stock Up 3.8%

Shares of TPC traded up $3.31 during trading hours on Thursday, hitting $89.41. 1,158,410 shares of the company were exchanged, compared to its average volume of 579,212. Tutor Perini has a 52 week low of $18.33 and a 52 week high of $89.51. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 1.30. The firm’s 50 day moving average is $76.39 and its 200-day moving average is $68.02. The company has a market cap of $4.72 billion, a PE ratio of -168.69 and a beta of 2.21.

Institutional Investors Weigh In On Tutor Perini

Several hedge funds and other institutional investors have recently made changes to their positions in TPC. Quarry LP boosted its holdings in shares of 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 acquiring an additional 183 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Tutor Perini by 446.3% in the fourth quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock valued at $29,000 after purchasing an additional 357 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Tutor Perini by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock worth $42,000 after buying an additional 148 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in Tutor Perini during the third quarter valued at approximately $72,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Tutor Perini in the fourth quarter valued at $81,000. 65.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Tutor Perini from $67.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research report on Wednesday, January 21st. Wall Street Zen downgraded Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Tutor Perini in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tutor Perini presently has a consensus rating of “Hold” and an average target price of $80.50.

Check Out Our Latest Stock Analysis on Tutor Perini

Tutor Perini Company Profile

(Get Free Report)

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.

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