Analysts expect that MasTec, Inc. (NYSE:MTZ) will report $0.37 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for MasTec’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.40. MasTec reported earnings of $0.70 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 47.1%. The firm is expected to announce its next quarterly earnings results after the market closes on Tuesday, February 27th.
According to Zacks, analysts expect that MasTec will report full year earnings of $2.81 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $2.84. For the next financial year, analysts forecast that the business will report earnings of $3.25 per share, with EPS estimates ranging from $2.99 to $3.68. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover MasTec.
A number of analysts have issued reports on MTZ shares. Citigroup set a $54.00 price target on shares of MasTec and gave the stock a “buy” rating in a research note on Friday, October 27th. Robert W. Baird upgraded shares of MasTec from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $51.00 to $53.00 in a research note on Monday, November 6th. Credit Suisse Group upped their target price on shares of MasTec from $57.00 to $58.00 and gave the stock an “outperform” rating in a research note on Monday, November 6th. B. Riley restated a “buy” rating and set a $67.00 target price (up from $66.00) on shares of MasTec in a research note on Tuesday, November 7th. Finally, ValuEngine lowered shares of MasTec from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $58.94.
Shares of MasTec (MTZ) traded up $0.40 during trading hours on Wednesday, reaching $51.00. 722,900 shares of the company’s stock were exchanged, compared to its average volume of 787,142. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.74 and a quick ratio of 1.66. The stock has a market capitalization of $4,220.00, a price-to-earnings ratio of 17.47, a PEG ratio of 1.17 and a beta of 1.49. MasTec has a one year low of $35.75 and a one year high of $55.53.
In other MasTec news, COO Robert E. Apple sold 25,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $50.16, for a total value of $1,254,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 20.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Voya Investment Management LLC boosted its holdings in shares of MasTec by 13.1% in the second quarter. Voya Investment Management LLC now owns 30,755 shares of the construction company’s stock valued at $1,389,000 after acquiring an additional 3,552 shares during the period. Stifel Financial Corp boosted its holdings in shares of MasTec by 60.4% in the second quarter. Stifel Financial Corp now owns 15,604 shares of the construction company’s stock valued at $719,000 after acquiring an additional 5,877 shares during the period. HighTower Advisors LLC acquired a new stake in shares of MasTec in the second quarter valued at approximately $507,000. Goldman Sachs Group Inc. boosted its holdings in shares of MasTec by 48.9% in the second quarter. Goldman Sachs Group Inc. now owns 214,401 shares of the construction company’s stock valued at $9,680,000 after acquiring an additional 70,401 shares during the period. Finally, State Street Corp boosted its holdings in shares of MasTec by 6.8% in the second quarter. State Street Corp now owns 1,319,541 shares of the construction company’s stock valued at $59,578,000 after acquiring an additional 84,002 shares during the period. Institutional investors own 74.36% of the company’s stock.
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MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
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