U.S. natural gas prices upside likely in 2026 - Morgan Stanley
Tutor Perini Corp (NYSE:TPC)’s stock reached a 52-week high, peaking at $48.16, showcasing a remarkable performance with a staggering 96% gain year-to-date. According to InvestingPro analysis, the stock is currently trading near its Fair Value. This milestone reflects a significant upward trajectory, with the stock experiencing a substantial 1-year return of 117.81%. The $2.52 billion construction services company has seen its shares more than double in value, underscoring strong investor confidence. InvestingPro data reveals 15+ additional insights about TPC, including expected profitability for this year despite current overbought conditions. This surge aligns with the company’s strategic initiatives and market expansion efforts, contributing to its impressive stock performance.
In other recent news, Tutor Perini Corporation reported impressive first-quarter results for 2025, significantly exceeding analysts’ expectations. The company’s earnings per share reached $0.53, surpassing the forecast of $0.10, and revenue climbed to $1.25 billion, beating the anticipated $1.06 billion. This marked a 19% year-over-year increase in revenue and a 77% rise in earnings per share. Tutor Perini also reported a record backlog of $19.4 billion, a 94% increase from the previous year. The company has raised its 2025 earnings per share guidance to a range of $1.60 to $1.95, indicating confidence in continued growth. Additionally, Tutor Perini secured $2 billion in new awards and contract adjustments during the quarter, including significant projects in New York and Guam. The company is focused on strategic project wins and has a strong bidding pipeline, particularly in the Indo-Pacific region. Analyst firms like UBS and Thompson Davis have shown interest in the company’s future earnings trajectory and project execution.
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