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Tutor Perini Corp (NYSE:TPC) stock reached a new 52-week high, trading at 48.87 USD, with a market capitalization of $2.56 billion. According to InvestingPro analysis, the stock’s technical indicators suggest it’s currently in overbought territory. This milestone marks a significant achievement for the construction services company, reflecting strong investor confidence and robust market performance. Over the past year, Tutor Perini Corp has experienced a remarkable 103.19% increase in its stock price, with analysts forecasting positive earnings of $1.86 per share for 2025. InvestingPro data reveals a "GOOD" overall financial health score, despite operating with moderate debt levels. This upward trend highlights the market’s positive reception of the company’s strategic initiatives and financial health. Discover 12 additional exclusive insights about Tutor Perini Corp with an InvestingPro subscription.
In other recent news, Tutor Perini Corporation reported exceptional first-quarter results for 2025, significantly exceeding analysts’ expectations. The company’s earnings per share reached $0.53, far surpassing the forecasted $0.10, while revenue increased to $1.25 billion, beating the anticipated $1.06 billion. This strong performance was driven by substantial growth in the civil and building segments, as well as strategic project acquisitions. Tutor Perini’s backlog reached a record $19.4 billion, marking a 94% increase year-over-year. The company has also raised its 2025 earnings per share guidance to a range of $1.60 to $1.95, reflecting confidence in continued growth and profitability. Additionally, Tutor Perini has been successful in securing new projects, including a $1.18 billion Manhattan tunnel project and a $500 million healthcare project in California. Analyst firms have noted the company’s robust position and strategic project wins, indicating positive future prospects. These developments underscore Tutor Perini’s competitive edge and potential for sustained growth in the construction and infrastructure sectors.
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