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.
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)
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