Tutor Perini's JV Secures $113M Contract in Guam, Stock Gains
TPC boosts backlog with a new construction contract from the Naval Facilities Engineering Systems Command, Pacific District.
Tutor Perini: Share Price Rising On Strong Fundamentals
Share price jumped by nearly 200% YTD, mainly driven by strong fundamentals, despite ongoing legacy disputes and cost overruns in the specialty contractors segment. Q2 2024 earnings were impacted by a $12.4 million adjustment due to settlements in the civil segment, but net income and operating income have turned positive since Q1 2024. The company has effectively reduced net debt and increased cash reserves in the past years, with a strong backlog of $10.4 billion.
Tutor Perini: Strong Fundamentals, Limited Competition, And Undervaluation
Tutor Perini Corporation is a major player in civil infrastructure, with a strong project backlog and limited competition due to high industry barriers. The company delivered strong Q2 results, with significant YoY growth in revenue, operating income, and EBITDA, while reducing debt and positioning for long-term financial stability despite some bottom-line setbacks. TPC's strong recent growth, discounted valuation multiples, and favorable comparison to construction peers suggest it is an attractive buy opportunity despite rapidly outperforming competitors in the past year.
Are Investors Undervaluing Tutor Perini (TPC) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Tutor Perini (TPC) Stock Dips While Market Gains: Key Facts
Tutor Perini (TPC) closed at $25.60 in the latest trading session, marking a -0.27% move from the prior day.
Tutor Perini Corporation (TPC) Is a Trending Stock: Facts to Know Before Betting on It
Tutor Perini (TPC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Tutor Perini (TPC) Increases Despite Market Slip: Here's What You Need to Know
Tutor Perini (TPC) reachead $26.20 at the closing of the latest trading day, reflecting a +0.61% change compared to its last close.
TPC Stock Surges 87% in 6 Months: Should You Buy Now or Wait?
Tutor Perini gains from favorable public capital spending, especially for large projects and efforts in reducing debt.
Investors Heavily Search Tutor Perini Corporation (TPC): Here is What You Need to Know
Zacks.com users have recently been watching Tutor Perini (TPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
What Makes Tutor Perini (TPC) a Good Fit for 'Trend Investing'
If you are looking for stocks that are well positioned to maintain their recent uptrend, Tutor Perini (TPC) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
Tutor Perini's JV With Black Construction Wins New Project in Guam
TPC boosts backlog with a new construction contract from the Naval Facilities Engineering Systems Command, Pacific District.
Should Value Investors Buy Tutor Perini (TPC) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
