danwithopp
Posted - 1 day ago
$TPC They did indeed win the $1.2B contract for the Newark AirTrain project, which is why this popped on Monday. It's strange that it's dropping today after news of $100M debt paydown and guidance for further debt paydown in Q1. The balance sheet was the primary risk here a couple years ago, but it's rapidly strengthening now. Future tailwinds are also significant with a record $14B backlog and over half of the $1.2T infrastructure bill still yet to be allocated.
DonCorleone77
Posted - 1 day ago
$TPC Tutor Perini announces $100M debt paydown Tutor Perini announced that the company has pre-paid an additional $100M of its Term Loan B debt. Building on the paydown of $50M of the Term Loan B debt that was disclosed in the company's November 6 earnings release, Tutor Perini has now successfully deleveraged its balance sheet by $150M in the last month, representing the upper end of its targeted debt reduction plan for the fourth quarter of 2024. As of November 20, the remaining principal balance of the Term Loan B, after these recent paydowns, was approximately $123M. The company recently disclosed plans to pay down an additional $50M-$75M of the Term Loan B debt in the first quarter of 2025, and it now expects to pay down an amount that exceeds the upper end of this range. All the debt repayments mentioned above represent voluntary, early paydowns of the Term Loan B debt.
BERKIT
Posted - 6 days ago
$TPC looks like a few people know about the contract... still not officially announced. One of very few stocks in my watchlist that's green today.
BERKIT
Posted - 1 week ago
$TPC Pretty High Possibility they just got the 1.2B Newark Terminal project.
BERKIT
Posted - 1 week ago
$TPC Wonder if they just got a $1.2B project in NJ?
BERKIT
Posted - 1 week ago
$TPC Think they just got the NJ $1.2B Newark Terminal project?
kshonstocks
Posted - 2 weeks ago
$TPC great report also TPC is 99 rs ibd
DonCorleone77
Posted - 2 weeks ago
$TPC Tutor Perini sees return to profitability in 2025 As previously announced on October 21, 2024, the Company withdrew its 2024 guidance due to the adverse earnings impact of the net charges recorded in the third quarter of 2024 related to several dispute resolutions as described above. The Company expects a return to profitability in 2025 and anticipates issuing its initial guidance for 2025 in February, when it reports its results for the full year of 2024.
DonCorleone77
Posted - 2 weeks ago
$TPC Tutor Perini reports Q3 EPS ($1.92), consensus ($1.89) Reports Q3 revenue $1.1B, consensus $1.17B. Ronald Tutor, Chairman and Chief Executive Officer, commented, "We have tremendous momentum with several large new project wins in the third quarter that resulted in a new record backlog of $14 billion. This backlog provides us a solid foundation upon which we expect to build a profitable, multi-year revenue stream, with the potential for significant continued growth over the next few months as we look to finalize the contract for the multi-billion-dollar Manhattan Jail, as we announced this morning, and pursue other large projects. We are pleased to put many of our largest disputes behind us, and expect to return to profitability in 2025, with even stronger earnings anticipated in 2026 and beyond, as various newer projects progress to advanced design and enter the construction phase."
briefingcom
Posted - 2 weeks ago
$TPC: Tutor Perini announces that the Company, in a joint venture with O&G Industries, has been identified as the Apparent Selected Proposer by the New York City Department of Design and Construction for the new Manhattan Jail Facility https://www.briefing.com/in-depth-analysis/content/article?ArticleId=IN20241106060847TPC&utm_campaign=inplay&utm_medium=social&utm_source=st&utm_content=view_page
DonCorleone77
Posted - 10/31/24
$TPC Tutor Perini, Nan JV awarded $330.6M project in Guam Tutor Perini announced that the company, in a joint venture with Nan, Inc., has been awarded a contract with a base value of approximately $330.6M by the Naval Facilities Engineering Systems Command, Marianas, for the Apra Harbor Waterfront Repairs Project. This is a design-build construction project to repair Guam Harbor's Glass Breakwater and restore and modernize waterfront areas that have been physically eroded and damaged from storms, including the recent Typhoon Mawar in May 2023 at Apra Harbor, Naval Base Guam. The scope of work for the base contract includes repairs to the three most critically failed portions of the Glass Breakwater to minimize future breaching potential of the breakwater. The contract includes nine options for additional anticipated scopes of work that, if exercised, could increase the total contract value by up to an additional $230M. Six of these options are to repair additional sections of the Glass Breakwater, while three options are associated with shoreline repairs to the inner harbor. Tutor Perini is the managing partner in the joint venture, with Nan, Inc. serving as a 30% partner. The company's Guam-based subsidiary, Black Construction Corporation, will be managing the execution of the work on this project. Design work is expected to begin immediately with in-water construction anticipated to commence in August 2025 and substantial completion expected in July 2029. The $330.6M base contract value will be added to the company's backlog in the fourth quarter of 2024 and the value of any future options will be added to backlog as they are awarded.
Estimize
Posted - 10/28/24
Wall St is expecting 10.28% YoY revenue growth for $TPC in Q3, down from 10.35% in Q2 [Reporting 11/06 AMC]
http://www.estimize.com/intro/t
SkinnyMulligan
Posted - 10/24/24
$TPC Reloaded.
Thestocktraderhubzee
Posted - 10/24/24
WATCHLIST OCT 24 2024..
$TSLA Cantor Fitzgerald Reiterates Neutral on Tesla, Maintains $245 Price Target
$TPC UBS Maintains Buy on Tutor Perini, Raises Price Target to $39
$URG Roth MKM Reiterates Buy on Ur-Energy, Raises Price Target to $2.2
$ANRO Wedbush Downgrades Alto Neuroscience to Neutral, Lowers Price Target to $4
$BANC Wedbush Maintains Outperform on Banc of California, Raises Price Target to $19
DonCorleone77
Posted - 10/23/24
$TPC Tutor Perini unit awarded $1.1B Kensico-Eastview Connection Tunnel Project Tutor Perini announced that its subsidiary, Frontier-Kemper Constructors has been awarded a contract valued at approximately $1.1B by the New York City Department of Environmental Protection for the Kensico-Eastview Connection Tunnel Project. The scope of work entails the construction of a new deep rock tunnel between the Kensico Reservoir and the Catskill/Delaware Ultraviolet Light Disinfection Facility, both in Westchester County, New York. The new tunnel will provide an additional means of conveying water between the Kensico Reservoir and the CDUV Facility, enhancing operational resiliency and redundancy for New York City's water supply system. Work is expected to begin in the coming months with substantial completion expected in 2030. The contract value was added to the company's backlog in the third quarter of 2024.
PenkeTrading
Posted - 10/22/24
I found you an Overbought RSI (Relative Strength Index) on the daily chart of Tutor Perini Corporation. Is that bullish or bearish? $TPC #RsiOverbought #NYSE
CasperPuff
Posted - 10/22/24
$TPC
danwithopp
Posted - 4 weeks ago
$TPC It's not every day a company announces a surprise quarterly loss and pops 12%, but the above guidance cash flow and early debt pay down are indeed significant positive catalysts.
Srinivas111
Posted - 1 month ago
$TPC since all the legal
Hurdles behind, shorts time to income your positions. Backlog is too good…
This company is gem
DonCorleone77
Posted - 1 month ago
$TPC Tutor Perini sees negative Q3 EPS, withdraws 2024 EPS guidance Tutor Perini provided an update regarding several recent developments, including the settlement of various project-related disputes, which had both favorable and adverse implications for the company. Because of anticipated cash collections resulting from these settlements and from other unrelated project activities, some of which are driven by new awards, the company expects that its operating cash flow for 2024 will be in the range of $425 million to $575 million, meaningfully surpassing the Company's previous record for full-year operating cash generation in 2023 and significantly greater than previous estimates. The company expects to use this anticipated cash, in part, to prepay its Term Loan B debt by $100 million to $150 million by the end of 2024, with further prepayments of $50 million to $75 million in the first quarter of 2025. Significant new award activity is expected to result in a new record ending backlog of approximately $14 billion as of September 30, 2024, up 35% compared to the backlog reported as of June 30, 2024. The Company continues to expect strong new award bookings in the near term, as it has recently submitted proposals and is awaiting owners' decisions and potential awards for several other large projects. Accordingly, ending backlog for the fourth quarter of 2024 could see further significant growth compared to the result to be reported for the third quarter of 2024. As a result of the net charges discussed below, the company expects that it will report a loss from construction operations and negative earnings per share for the third quarter of 2024. Therefore, the company is withdrawing its EPS guidance for 2024. The company does not expect these net charges to affect compliance with its debt covenants. Excluding the impact of these net charges, the company believes that the third-quarter results would have been profitable, and it would have been in a position to achieve its previously provided EPS guidance range. The company expects to return to profitability in 2025 and will provide guidance for 2025 in February, when it reports its full-year 2024 results.
DonCorleone77
Posted - 1 month ago
$TPC $PSN This was announced previously but now the contract has been executed: Tutor Perini executes contract for $1.66B project in Honolulu Tutor Perini (TPC) announced that it has executed the contract with the Honolulu Authority for Rapid Transportation and received a Notice to Proceed with design and construction of the previously announced City Center Guideway and Stations Project in Honolulu, Hawaii. The scope of the approximately $1.66B contract includes the design and construction of six rail stations and approximately three miles of elevated rail guideway beginning just east of the Middle Street Transit Center Station and ending at the Civic Center Station, which will be located just east of the intersection of Halekauwila Street and South Street in downtown Honolulu. Project design is expected to begin immediately while construction is estimated to commence in the second half of 2025. Construction of this segment is expected to be substantially completed in 2030. Parsons Corporation (PSN) will serve as Tutor Perini's design subcontractor. The contract value was added to the company's backlog in the third quarter of 2024. cc: @Nikotes @Doozio @Monkey_Banana_Genius @Wigglyick
JClem_Stocks
Posted - 1 month ago
$TPC
DonCorleone77
Posted - 1 month ago
$TPC Tutor Perini JV awarded $113.3M P-541 missile integration test facility in Guam Tutor Perini Corporation announced that the company, in a joint venture with its subsidiary, Black Construction Corporation, has been awarded a contract valued at approximately $113.3M by the Naval Facilities Engineering Systems Command, Pacific, for the P-541 Missile Integration Test Facility at Naval Base Guam. The scope of work for this project, under the Pacific Deterrence Initiative, includes construction of the test facility, comprised of a single-story concrete 57,664 square-foot structure on a deep pile foundation. The test facility will support missile processing spaces, a missile test cell with test control room, an administration area and storage and utility rooms. The scope of work also includes demolition of an existing building, associated site improvements and all other necessary supporting facilities. The new facility will include complete plumbing, air conditioning and ventilation, lighting and electrical power, telecommunications, life safety and fire protection systems, emergency power generator and associated fuel tank. Work is expected to begin shortly with substantial completion anticipated in December 2028. The contract value was added to the Company's backlog in the third quarter of 2024.
Stocksrunner
Posted - 1 month ago
Tuesday Pre-Market: $DMF shines with high-yield fund commentary, $AYI beats earnings, $AMTB and $TPC get bullish upgrades, and $HOOD expands its crypto services in Europe. Curious about what’s behind these moves? https://stocksrunner.com/posts/1215
Freshmarket
Posted - 09/30/24
$TPC
Himel92
Posted - 09/26/24
The Last month Performance for $TPC Opening Price: $23.21
Closing Price: $25.67
Highest Price: $27.05
Lowest Price: $21.39
Percentage Change: 10.60% Data analyst: AITX
StockInvest_us
Posted - 09/24/24
Signal alert: $TPC - Overbought Trend Short (Overvalued) https://stockinvest.us/l/A5guPDuAeg
