Tillkännagivande • May 08
Tutor Perini Corporation announces Quarterly dividend, payable on June 04, 2026 Tutor Perini Corporation announced Quarterly dividend of USD 0.0600 per share payable on June 04, 2026, ex-date on May 21, 2026 and record date on May 21, 2026. Tillkännagivande • Apr 29
Tutor Perini Corporation to Report Q1, 2026 Results on May 06, 2026 Tutor Perini Corporation announced that they will report Q1, 2026 results After-Market on May 06, 2026 Tillkännagivande • Apr 10
Tutor Perini Corporation, Annual General Meeting, May 20, 2026 Tutor Perini Corporation, Annual General Meeting, May 20, 2026. Location: 15901 olden street, sylmar, california 91342, United States Tillkännagivande • Feb 27
Tutor Perini Corporation Declares Quarterly Cash Dividend, Payable on March 26, 2026 Tutor Perini Corporation announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.06 per share of Tutor Perini common stock payable on March 26, 2026, to shareholders of record as of the close of business on March 10, 2026. Tillkännagivande • Feb 19
Tutor Perini Corporation to Report Q4, 2025 Results on Feb 26, 2026 Tutor Perini Corporation announced that they will report Q4, 2025 results After-Market on Feb 26, 2026 Tillkännagivande • Nov 19
Tutor Perini Corporation announces Quarterly dividend, payable on December 23, 2025 Tutor Perini Corporation announced Quarterly dividend of USD 0.0600 per share payable on December 23, 2025, ex-date on December 09, 2025 and record date on December 09, 2025. Tillkännagivande • Nov 06
Tutor Perini Corporation Provides Earnings Guidance for the Year 2025, 2026 and 2027 Tutor Perini Corporation provided earnings guidance for the year 2025, 2026 and 2027. The company's business has continued to perform extremely well through the first nine months of 2025, and the Company anticipates solid operating performance and financial results over the rest of this year, with significantly higher revenue and earnings still expected in 2026 and 2027 as various newer large projects advance to the construction phase. Tillkännagivande • Oct 29
Tutor Perini Corporation to Report Q3, 2025 Results on Nov 05, 2025 Tutor Perini Corporation announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Tillkännagivande • Aug 07
Tutor Perini Corporation Revises Earnings Guidance for 2025; Provides Earnings Guidance for 2026 and 2027 Tutor Perini Corporation revised earnings guidance for 2025. For the period, the company now expects GAAP EPS guidance in the range of $1.70 to $2.00, up from $1.60 to $1.95.
For the year 2026 and 2027, based on its current projections, the Company expects that GAAP EPS for 2026 and 2027 will be higher than the upper end of its increased 2025 guidance. Tillkännagivande • Jul 30
Tutor Perini Corporation to Report Q2, 2025 Results on Aug 06, 2025 Tutor Perini Corporation announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Tillkännagivande • Apr 30
Tutor Perini Corporation to Report Q1, 2025 Results on May 07, 2025 Tutor Perini Corporation announced that they will report Q1, 2025 results After-Market on May 07, 2025 Tillkännagivande • Apr 07
Tutor Perini Corporation, Annual General Meeting, May 15, 2025 Tutor Perini Corporation, Annual General Meeting, May 15, 2025. Location: 15901 old st., sylmar, 91342, Canada Tillkännagivande • Feb 28
Tutor Perini Corporation Provides Earnings Guidance for the Years 2025, 2026 and 2027 Tutor Perini Corporation provided earnings guidance for the years 2025, 2026 and 2027. The company provides 2025 guidance, including double-digit revenue growth and EPS range of $1.50 to $1.90.
Based on its current projections, the company’s preliminary EPS estimates for 2026 and 2027 are more than double its EPS guidance for 2025. Tillkännagivande • Feb 20
Tutor Perini Corporation to Report Q4, 2024 Results on Feb 27, 2025 Tutor Perini Corporation announced that they will report Q4, 2024 results After-Market on Feb 27, 2025 Recent Insider Transactions • Nov 14
Chairman & CEO recently sold €5.1m worth of stock On the 11th of November, Ronald Tutor sold around 175k shares on-market at roughly €28.86 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ronald has been a net seller over the last 12 months, reducing personal holdings by €9.0m. Reported Earnings • Nov 07
Third quarter 2024 earnings released: US$1.93 loss per share (vs US$0.71 loss in 3Q 2023) Third quarter 2024 results: US$1.93 loss per share (further deteriorated from US$0.71 loss in 3Q 2023). Revenue: US$1.08b (up 2.1% from 3Q 2023). Net loss: US$100.9m (loss widened 173% from 3Q 2023). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Tillkännagivande • Oct 30
Tutor Perini Corporation to Report Q3, 2024 Results on Nov 06, 2024 Tutor Perini Corporation announced that they will report Q3, 2024 results on Nov 06, 2024 Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0.016 (vs US$0.72 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.016 (up from US$0.72 loss in 2Q 2023). Revenue: US$1.13b (up 10% from 2Q 2023). Net income: US$812.0k (up US$38.3m from 2Q 2023). Profit margin: 0.1% (up from net loss in 2Q 2023). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Tillkännagivande • Aug 02
Tutor Perini Corporation Re-Affirms Earnings Guidance for the Full Year 2024 Tutor Perini Corporation re-affirmed earnings guidance for the full year 2024. Based on the Company's year-to-date (Six months ended June 30, 2024) results in 2024 and the current outlook for the remainder of the year, the Company is affirming its 2024 EPS guidance and still expects EPS to be in the range of $0.85 to $1.10. Tillkännagivande • Jul 26
Tutor Perini Corporation to Report Q2, 2024 Results on Aug 01, 2024 Tutor Perini Corporation announced that they will report Q2, 2024 results After-Market on Aug 01, 2024 Recent Insider Transactions • Jun 13
Chairman & CEO recently sold €1.4m worth of stock On the 7th of June, Ronald Tutor sold around 75k shares on-market at roughly €18.66 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €6.6m. Ronald has been a net seller over the last 12 months, reducing personal holdings by €4.2m. Recent Insider Transactions • May 19
Key Executive recently sold €6.6m worth of stock On the 16th of May, Michael Klein sold around 365k shares on-market at roughly €18.12 per share. This transaction amounted to 94% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Tillkännagivande • Apr 27
Tutor Perini Corporation Affirms Earnings Guidance for the Year 2024 Tutor Perini Corporation affirmed earnings guidance for the year 2024. For the year, Based on the Company's year-to-date results in 2024 and the current outlook for the remainder of the year, the Company is affirming its 2024 EPS guidance and still expects EPS to be in the range of $0.85 to $1.10. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$0.30 (vs US$0.95 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.30 (up from US$0.95 loss in 1Q 2023). Revenue: US$1.05b (up 35% from 1Q 2023). Net income: US$15.8m (up US$65.0m from 1Q 2023). Profit margin: 1.5% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Tillkännagivande • Apr 20
Tutor Perini Corporation to Report Q1, 2024 Results on Apr 25, 2024 Tutor Perini Corporation announced that they will report Q1, 2024 results After-Market on Apr 25, 2024 Tillkännagivande • Apr 13
Tutor Perini Corporation, Annual General Meeting, May 22, 2024 Tutor Perini Corporation, Annual General Meeting, May 22, 2024, at 11:30 Pacific Standard Time. Location: Tutor Perini Corporation, 15901 Olden Street, Sylmar California United States Agenda: To consider and elect each of the nine directors named in the accompanying proxy statement to serve until the 2025 Annual Meeting of Shareholders and until their respective successors are duly elected and qualified; to ratify the appointment of Deloitte & Touche LLP as independent auditors of the Company for the year ending December 31, 2024; to approve the compensation of the Company’s named executive officers on an advisory (non-binding) basis; to approve amendments to the Company’s Amended and Restated Articles of Organization and company's Amended and Restated By-Laws to adopt a majority voting standard for uncontested elections of directors; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof. Recent Insider Transactions • Mar 17
President recently sold €467k worth of stock On the 15th of March, Gary Smalley sold around 41k shares on-market at roughly €11.49 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €786k. This was Gary's only on-market trade for the last 12 months. Recent Insider Transactions • Mar 07
Chairman & CEO recently sold €548k worth of stock On the 1st of March, Ronald Tutor sold around 50k shares on-market at roughly €10.96 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €786k. Ronald has been a net seller over the last 12 months, reducing personal holdings by €2.8m. Tillkännagivande • Feb 29
Tutor Perini Corporation Provides Earnings Guidance for the Full Year 2024, 2025 and 2026 Tutor Perini Corporation provides earnings guidance for the full year 2024, 2025 and 2026. Based on its assessment of the current market and business outlook, the Company anticipates double-digit revenue growth in 2024 and a return to positive earnings. The Company is establishing its initial EPS guidance for 2024 at a range of $0.85 to $1.10. As in prior years, earnings in 2024 are expected to be weighted more heavily in the second half of the year due to the anticipated timing of large project activities, as well as typical business seasonality. The company announced that substantially stronger earnings expected in 2025 and 2026. Reported Earnings • Feb 29
Full year 2023 earnings released: US$3.30 loss per share (vs US$4.09 loss in FY 2022) Full year 2023 results: US$3.30 loss per share (improved from US$4.09 loss in FY 2022). Revenue: US$3.88b (up 2.4% from FY 2022). Net loss: US$171.2m (loss narrowed 19% from FY 2022). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Tillkännagivande • Feb 23
Tutor Perini Corporation to Report Q4, 2023 Results on Feb 28, 2024 Tutor Perini Corporation announced that they will report Q4, 2023 results After-Market on Feb 28, 2024 Recent Insider Transactions • Dec 21
Chairman & CEO recently sold €786k worth of stock On the 19th of December, Ronald Tutor sold around 100k shares on-market at roughly €7.86 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ronald has been a net seller over the last 12 months, reducing personal holdings by €2.3m. Recent Insider Transactions • Nov 28
Chairman & CEO recently sold €746k worth of stock On the 22nd of November, Ronald Tutor sold around 100k shares on-market at roughly €7.46 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ronald has been a net seller over the last 12 months, reducing personal holdings by €1.5m. Tillkännagivande • Nov 20
Tutor Perini Corporation Appoints Ryan J. Soroka to the Position of Chief Financial Officer On November 16, 2023, Tutor Perini Corporation announced the appointment of Ryan J. Soroka to the position of chief financial officer (in addition to his current role as Chief Accounting Officer), effective November 15, 2023. The company announced that it is currently searching for a new Chief Accounting Officer and that Mr. Soroka will continue to serve as the company's Chief Accounting Officer until a replacement is appointed. Mr. Soroka, age 41, has served as Vice President and Chief Accounting Officer of the Company since April 2017. Previously, he served as Vice President of Finance Operations of the Company from January 2015 to April 2017. From October 2013 to November 2016, Mr. Soroka served as Vice President and Chief Financial Officer of Frontier-Kemper Constructors Inc., a subsidiary of the Company. From June 2011 to October 2013, he served as Director of Technical Accounting at the Company. Prior to that time, from August 2004 to June 2011, Mr. Soroka worked at Deloitte & Touche, LLP, most recently as Manager, Assurance and Advisory Services. Mr. Soroka has a Bachelor of Science in Business Administration from the University of Southern California and is a Certified Public Accountant (inactive). Tillkännagivande • Nov 17
Tutor Perini Announces Executive Leadership Changes Tutor Perini Corporation announced that its Board of Directors (the “Board”) has appointed Gary Smalley, the Company’s current Executive Vice President and Chief Financial Officer, to the position of President, effective November 15, 2023. The Company plans for Mr. Smalley to succeed Ronald Tutor as Chief Executive Officer of the Company effective January 1, 2025, with Mr. Tutor transitioning to the role of Executive Chairman of the Company’s Board at that time, consistent with the timing of the leadership succession plan previously disclosed by the Company. Mr. Smalley, age 64, has served as Executive Vice President and Chief Financial Officer of the Company since September 2015. Previously, he held several financial management roles during nearly 24 years with Fluor Corporation, a multinational engineering and construction firm. Additionally, the Company announced the appointment of Ryan Soroka to the position of Senior Vice President and Chief Financial Officer (in addition to his current role as Chief Accounting Officer), effective November 15, 2023. Mr. Soroka, age 41, has served as Vice President and Chief Accounting Officer of the Company since April 2017. He has held several senior financial management positions for the Company and its subsidiaries since June 2011. The Company is currently searching for a replacement for the role of Chief Accounting Officer and expects to announce an appointment shortly. Mr. Soroka will continue to serve as the Company’s Chief Accounting Officer until such replacement is appointed. Reported Earnings • Nov 10
Third quarter 2023 earnings released: US$0.71 loss per share (vs US$0.63 loss in 3Q 2022) Third quarter 2023 results: US$0.71 loss per share (further deteriorated from US$0.63 loss in 3Q 2022). Revenue: US$1.06b (down 1.0% from 3Q 2022). Net loss: US$36.9m (loss widened 14% from 3Q 2022). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Construction industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Tillkännagivande • Nov 03
Tutor Perini Corporation to Report Q3, 2023 Results on Nov 09, 2023 Tutor Perini Corporation announced that they will report Q3, 2023 results After-Market on Nov 09, 2023 New Risk • Oct 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Significant insider selling over the past 3 months (€757k sold). Recent Insider Transactions • Sep 21
Chairman recently sold €377k worth of stock On the 18th of September, Ronald Tutor sold around 50k shares on-market at roughly €7.54 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ronald has been a net seller over the last 12 months, reducing personal holdings by €757k. Recent Insider Transactions • Sep 15
Chairman recently sold €192k worth of stock On the 11th of September, Ronald Tutor sold around 25k shares on-market at roughly €7.70 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Ronald's only on-market trade for the last 12 months. Reported Earnings • Aug 04
Second quarter 2023 earnings released: US$0.72 loss per share (vs US$1.23 loss in 2Q 2022) Second quarter 2023 results: US$0.72 loss per share (improved from US$1.23 loss in 2Q 2022). Revenue: US$1.02b (up 19% from 2Q 2022). Net loss: US$37.5m (loss narrowed 40% from 2Q 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Construction industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jul 25
Tutor Perini Corporation to Report Q2, 2023 Results on Aug 03, 2023 Tutor Perini Corporation announced that they will report Q2, 2023 results After-Market on Aug 03, 2023 Tillkännagivande • Jul 06
Tutor Perini Corporation Announces Board Changes Tutor Perini Corporation announced that effective June 30, 2023, Wendy A. Hallgren will transition out of her role as the Company’s Executive Vice President & General Counsel and an employee pursuant to a Transition Services and Separation Agreement, dated as of June 30, 2023. Under the Transition Agreement, Ms. Hallgren will provide post-employment consulting and transition services to the Company through December 31, 2023 for which she will be paid a monthly consulting fee of $75,000 during this period. In addition, in exchange for the covenants set forth in the Transition Agreement, including a general release of claims by Ms. Hallgren in favor of the Company, Ms. Hallgren will receive a pro-rata target annual bonus for 2023 (to be paid when the Company pays 2023 annual bonuses to other Company executives); a cash payment of approximately $1.45 million, which also includes payment of Ms. Hallgren’s accrued but unused paid time off and an amount representing 24 months of health, dental, and vision insurance premiums for Ms. Hallgren and her eligible dependents; accelerated vesting of Ms. Hallgren’s outstanding equity awards; and all of her existing, vested stock options will remain outstanding through their original expiration date. The Company regretfully reports that Dr. Michael F. Horodniceanu, a member of the Company’s Board of Directors (the “Board”), passed away on June 22, 2023. Dr. Horodniceanu was a valued member of the Board since 2018 and served on the Compensation Committee at the time of his passing. The Board and management team wish to express their gratitude and appreciation for Dr. Horodniceanu’s distinguished service to the Company and its shareholders, and they extend their deepest condolences to his family. In connection with the passing of Dr. Horodniceanu, the Board appointed Dennis D. Oklak to the Compensation Committee, effective June 30, 2023. New Risk • Jul 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change). Recent Insider Transactions • May 21
Director recently bought €415k worth of stock On the 18th of May, Sidney Feltenstein bought around 75k shares on-market at roughly €5.54 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €964k more in shares than they bought in the last 12 months. Tillkännagivande • May 06
Tutor Perini Corporation Withdraws Earnings Guidance for the Year 2023 Tutor Perini Corporation withdrawing earnings guidance for the year 2023. The Company's first quarter financial results make the achievement of its EPS guidance for 2023 challenging. Accordingly, the Company is withdrawing its EPS guidance at this time. However, the Company believes that certain potential positive events that may occur later this year could offset much of the negative results from the first quarter. Therefore, the Company will reassess its outlook over the coming months and intends to provide updated guidance when it reports its results for the second quarter of 2023. Reported Earnings • May 05
First quarter 2023 earnings released: US$0.95 loss per share (vs US$0.42 loss in 1Q 2022) First quarter 2023 results: US$0.95 loss per share (further deteriorated from US$0.42 loss in 1Q 2022). Revenue: US$776.3m (down 19% from 1Q 2022). Net loss: US$49.2m (loss widened 127% from 1Q 2022). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year. Reported Earnings • Mar 17
Full year 2022 earnings released: US$4.09 loss per share (vs US$1.80 profit in FY 2021) Full year 2022 results: US$4.09 loss per share (down from US$1.80 profit in FY 2021). Revenue: US$3.79b (down 18% from FY 2021). Net loss: US$210.0m (down 329% from profit in FY 2021). Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Independent Director Jigisha Desai was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Nov 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €8.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.7% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 03
Third quarter 2022 earnings released: US$0.63 loss per share (vs US$0.30 profit in 3Q 2021) Third quarter 2022 results: US$0.63 loss per share (down from US$0.30 profit in 3Q 2021). Revenue: US$1.07b (down 9.1% from 3Q 2021). Net loss: US$32.5m (down 311% from profit in 3Q 2021). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 03
Tutor Perini Corporation Provides Earnings Guidance for the Year 2022 Tutor Perini Corporation provided earnings guidance for the year 2022. The company still expects a net loss for 2022. Tillkännagivande • Oct 28
Tutor Perini Corporation to Report Q3, 2022 Results on Nov 02, 2022 Tutor Perini Corporation announced that they will report Q3, 2022 results After-Market on Nov 02, 2022 Tillkännagivande • Sep 29
Tutor Perini Corporation Announces Executive Changes Tutor Perini Corporation announced that James A. Frost, the Company’s President and Chief Operating Officer and Chief Executive Officer of the Company’s Civil Group, will retire from the Company on June 30, 2023. Mr. Frost will step down from his current roles effective as of September 30, 2022, and at such time Michael F. Smithson will be appointed as Executive Vice President, Civil Group and Ghassan Ariqat will be appointed Executive Vice President, Building & Specialty Contractors Groups. Additionally, Ronald N. Tutor, the Company’s Chairman and Chief Executive Officer, will assume the role of President, in addition to his current roles. As agreed on September 22, 2022, Mr. Frost will transition to a new role as Executive Vice President, Special Projects on September 30, 2022 until his retirement as an employee of the Company on June 30, 2023. Mr. Frost has agreed to serve as a consultant to the Company from July 1, 2023 through March 31, 2024, during which such period Mr. Frost will work with the Company on the settlement and resolution of various project disputes. Buying Opportunity • Sep 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €8.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 06
Second quarter 2022 earnings released: US$1.23 loss per share (vs US$0.61 profit in 2Q 2021) Second quarter 2022 results: US$1.23 loss per share (down from US$0.61 profit in 2Q 2021). Revenue: US$861.0m (down 29% from 2Q 2021). Net loss: US$63.0m (down 302% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 5.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 06
Tutor Perini Corporation Provides Earning Guidance for 2022 Tutor Perini Corporation provided earning guidance for 2022. For the period, the company expects a net loss. Over the next 30 to 60 days, the Company will be attempting to settle significant disputes on certain major projects. The uncertainty related to the outcome of these settlement discussions makes it difficult to reliably predict at this time what the Company's expected earnings will be for the remainder of 2022, as settlements can positively or negatively impact earnings while generating significant cash. In addition, there can be no assurance that discussions will result in settlements. For these reasons, the Company is withdrawing its guidance for 2022 and expects to issue new guidance once it has greater visibility into the timing and magnitude of any potential settlements, which it expects to have by the time of the third quarter earnings announcement. Regardless of the outcome of any potential settlements, the Company now expects a net loss for 2022. Tillkännagivande • Jul 30
Tutor Perini Corporation to Report Q2, 2022 Results on Aug 05, 2022 Tutor Perini Corporation announced that they will report Q2, 2022 results Pre-Market on Aug 05, 2022 Recent Insider Transactions • Jun 09
Chairman & CEO recently sold €479k worth of stock On the 6th of June, Ronald Tutor sold around 50k shares on-market at roughly €9.58 per share. In the last 3 months, they made an even bigger sale worth €900k. Ronald has been a seller over the last 12 months, reducing personal holdings by €7.5m. Recent Insider Transactions • May 26
Chairman & CEO recently sold €900k worth of stock On the 24th of May, Ronald Tutor sold around 100k shares on-market at roughly €9.00 per share. This was the largest sale by an insider in the last 3 months. Ronald has been a seller over the last 12 months, reducing personal holdings by €11m. Reported Earnings • May 06
First quarter 2022 earnings released: US$0.42 loss per share (vs US$0.32 profit in 1Q 2021) First quarter 2022 results: US$0.42 loss per share (down from US$0.32 profit in 1Q 2021). Revenue: US$952.2m (down 21% from 1Q 2021). Net loss: US$21.6m (down 235% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 2.6%, compared to a 6.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Tillkännagivande • May 05
Tutor Perini Corporation Provides Earnings Guidance for the Year 2022 Tutor Perini Corporation provided earnings guidance for the year 2022. Based on the Company’s first quarter 2022 results and the current outlook for the remainder of the year, the Company is maintaining its EPS guidance in the range of $1.15 to $1.60. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent Director Jigisha Desai was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 09
Tutor Perini Corporation, Annual General Meeting, May 18, 2022 Tutor Perini Corporation, Annual General Meeting, May 18, 2022, at 11:30 Pacific Standard Time. Location: corporate headquarters, 15901 Olden Street Sylmar California United States Agenda: To consider election of each of the 10 nominees for director; to consider ratification of the selection of Deloitte & Touche LLP as the Company’s independent auditors for 2022; to consider approval on an advisory (non-binding) basis of the compensation paid to tutor Perini’s named executive officers; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof. Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$1.80 (down from US$2.14 in FY 2020). Revenue: US$4.64b (down 13% from FY 2020). Net income: US$91.9m (down 15% from FY 2020). Profit margin: 2.0% (in line with FY 2020). Revenue missed analyst estimates by 3.1%. Over the next year, revenue is forecast to stay flat compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 16
Tutor Perini Corporation to Report Q4, 2021 Results on Feb 24, 2022 Tutor Perini Corporation announced that they will report Q4, 2021 results After-Market on Feb 24, 2022 Recent Insider Transactions • Dec 18
Chairman & CEO recently sold €787k worth of stock On the 17th of December, Ronald Tutor sold around 70k shares on-market at roughly €11.24 per share. This was the largest sale by an insider in the last 3 months. Ronald has been a seller over the last 12 months, reducing personal holdings by €12m. Recent Insider Transactions • Dec 02
Chairman & CEO recently sold €714k worth of stock On the 29th of November, Ronald Tutor sold around 60k shares on-market at roughly €11.91 per share. In the last 3 months, they made an even bigger sale worth €1.7m. Ronald has been a seller over the last 12 months, reducing personal holdings by €12m. Recent Insider Transactions • Dec 02
Chairman & CEO recently sold €714k worth of stock On the 29th of November, Ronald Tutor sold around 60k shares on-market at roughly €11.91 per share. In the last 3 months, they made an even bigger sale worth €1.7m. Ronald has been a seller over the last 12 months, reducing personal holdings by €12m. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improved over the past week After last week's 16% share price gain to €13.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Construction industry in Europe. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.99 per share. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS US$0.30 (vs US$0.72 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$1.18b (down 18% from 3Q 2020). Net income: US$15.4m (down 58% from 3Q 2020). Profit margin: 1.3% (down from 2.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 11
Chairman & CEO recently sold €588k worth of stock On the 8th of September, Ronald Tutor sold around 50k shares on-market at roughly €11.77 per share. This was the largest sale by an insider in the last 3 months. Ronald has been a seller over the last 12 months, reducing personal holdings by €11m. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$0.61 (vs US$0.37 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: US$1.22b (down 4.5% from 2Q 2020). Net income: US$31.2m (up 67% from 2Q 2020). Profit margin: 2.6% (up from 1.5% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 05
Tutor Perini Corporation Affirms Earnings Guidance for the Year 2021 Tutor Perini Corporation affirmed earnings guidance for the year 2021. Based on the company’s year-to-date results in 2021 and the current outlook for the remainder of the year, the company is affirming its EPS guidance and still expects EPS to be in the range of $1.80 to $2.20. Recent Insider Transactions • Jun 10
Chairman & CEO recently sold €1.5m worth of stock On the 7th of June, Ronald Tutor sold around 121k shares on-market at roughly €12.71 per share. This was the largest sale by an insider in the last 3 months. Ronald has been a seller over the last 12 months, reducing personal holdings by €6.0m. Reported Earnings • May 07
First quarter 2021 earnings released: EPS US$0.32 (vs US$0.34 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$1.21b (down 3.4% from 1Q 2020). Net income: US$16.0m (down 7.7% from 1Q 2020). Profit margin: 1.3% (down from 1.4% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Tillkännagivande • May 06
Tutor Perini Corporation Affirms Earnings Guidance for 2021 Tutor Perini Corporation affirmed earnings guidance for 2021. For the year, Based on the Company’s year-to-date results in 2021 and the current outlook for the remainder of the year, the Company is affirming its EPS guidance and still expects EPS to be in the range of $1.80 to $2.20. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improved over the past week After last week's 16% share price gain to US$16.10, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Construction industry in Europe. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €27.45 per share. Recent Insider Transactions • Mar 20
Chairman & CEO recently sold €760k worth of stock On the 18th of March, Ronald Tutor sold around 50k shares on-market at roughly €15.21 per share. In the last 3 months, they made an even bigger sale worth €1.1m. Ronald has been a seller over the last 12 months, reducing personal holdings by €5.3m. Tillkännagivande • Mar 16
Tutor Perini Corporation Announces Low Bid for the $478 Million Lax Airport Metro Connector Project Tutor Perini Corporation announced that the Company has been identified by the Los Angeles County Metropolitan Transportation Authority as the low bidder for the LAX Airport Metro Connector Project. The anticipated contract value is approximately $478 million. The project scope of work includes construction of a new major transit station hub connecting the Metro Crenshaw/LAX and Green rail lines and a number of bus routes with the LAX Automated People Mover. Work is anticipated to begin in the third quarter of 2021 with substantial completion expected in the first quarter of 2025. The Company anticipates booking the contract value into backlog in the first quarter of 2021. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improved over the past week After last week's 22% share price gain to US$15.90, the stock is trading at a trailing P/E ratio of 8.9x, up from the previous P/E ratio of 7.3x. This compares to an average P/E of 14x in the Construction industry in Europe. Total return to shareholders over the past three years is a loss of 14%. Recent Insider Transactions • Mar 05
Chairman & CEO recently sold €1.1m worth of stock On the 1st of March, Ronald Tutor sold around 85k shares on-market at roughly €12.57 per share. This was the largest sale by an insider in the last 3 months. Ronald has been a seller over the last 12 months, reducing personal holdings by €4.5m. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS US$2.14 (vs US$7.72 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$5.32b (up 20% from FY 2019). Net income: US$108.4m (up US$496.1m from FY 2019). Profit margin: 2.0% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue misses expectations Revenue missed analyst estimates by 0.3%. Over the next year, revenue is expected to shrink by 3.3% compared to a 6.0% growth forecast for the Construction industry in Germany. Tillkännagivande • Feb 18
Tutor Perini Corporation to Report Q4, 2020 Results on Feb 24, 2021 Tutor Perini Corporation announced that they will report Q4, 2020 results After-Market on Feb 24, 2021 Is New 90 Day High Low • Feb 11
New 90-day high: €14.40 The company is up 23% from its price of €11.70 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €35.40 per share. Is New 90 Day High Low • Jan 04
New 90-day low: €10.50 The company is down 2.0% from its price of €10.70 on 06 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €30.89 per share. Recent Insider Transactions • Dec 09
Key Executive recently sold €2.8m worth of stock On the 4th of December, Michael Klein sold around 259k shares on-market at roughly €10.82 per share. This was the largest sale by an insider in the last 3 months. Michael has been a seller over the last 12 months, reducing personal holdings by €1.7m. Is New 90 Day High Low • Nov 25
New 90-day high: €12.60 The company is up 18% from its price of €10.70 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.07 per share. Recent Insider Transactions • Nov 20
Chairman & CEO recently sold €1.2m worth of stock On the 17th of November, Ronald Tutor sold around 100k shares on-market at roughly €12.15 per share. This was the largest sale by an insider in the last 3 months. Ronald has been a seller over the last 12 months, reducing personal holdings by €3.4m. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 8.5%. Over the next year, revenue is forecast to grow 3.8%, compared to a 1.6% growth forecast for the Construction industry in Germany. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS US$0.72 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$1.44b (up 21% from 3Q 2019). Net income: US$36.8m (up 91% from 3Q 2019). Profit margin: 2.6% (up from 1.6% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 84% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Tillkännagivande • Oct 29
Tutor Perini Corporation to Report Q3, 2020 Results on Nov 04, 2020 Tutor Perini Corporation announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Nov 04, 2020 Tillkännagivande • Oct 05
Tutor Perini Corporation to Report Q4, 2009 Results on 02/25/2010 Tutor Perini Corporation announced that they will report Q4, 2009 results on 02/25/2010