MasTec (MTZ) Updates Q4 Earnings Guidance

MasTec (NYSE:MTZ) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.05. The company issued revenue guidance of $1.9 billion, compared to the consensus revenue estimate of $1.89 billion.MasTec also updated its FY 2018 guidance to $3.76-3.76 EPS.

Shares of NYSE MTZ traded up $2.63 during mid-day trading on Friday, reaching $47.73. The company had a trading volume of 5,960,134 shares, compared to its average volume of 1,001,269. MasTec has a twelve month low of $39.83 and a twelve month high of $55.53. The company has a current ratio of 1.82, a quick ratio of 1.74 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $3.83 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.69 and a beta of 1.43.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, November 1st. The construction company reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.13. MasTec had a net margin of 5.89% and a return on equity of 17.25%. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the business posted $0.82 earnings per share. MasTec’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, analysts predict that MasTec will post 3.53 EPS for the current year.

MTZ has been the topic of a number of research reports. Robert W. Baird reaffirmed a hold rating and issued a $52.00 price target on shares of MasTec in a research note on Friday, August 3rd. Canaccord Genuity reaffirmed a buy rating and issued a $65.00 price target on shares of MasTec in a research note on Friday, August 3rd. Zacks Investment Research raised shares of MasTec from a hold rating to a buy rating and set a $52.00 price target on the stock in a research note on Wednesday, August 8th. ValuEngine downgraded shares of MasTec from a hold rating to a sell rating in a research note on Friday, August 24th. Finally, Citigroup reaffirmed a buy rating on shares of MasTec in a research note on Thursday, August 30th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. MasTec currently has an average rating of Buy and an average target price of $60.64.

About MasTec

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.

See Also: Return on Investment (ROI)

Receive News & Ratings for MasTec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasTec and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply