Wall Street analysts expect that MasTec, Inc. (NYSE:MTZ) will report earnings of $1.06 per share for the current quarter, according to Zacks. Five analysts have provided estimates for MasTec’s earnings. The lowest EPS estimate is $1.05 and the highest is $1.06. MasTec reported earnings of $0.47 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 125.5%. The business is scheduled to announce its next quarterly earnings report on Tuesday, February 26th.
On average, analysts expect that MasTec will report full-year earnings of $3.76 per share for the current financial year, with EPS estimates ranging from $3.75 to $3.78. For the next financial year, analysts expect that the firm will post earnings of $4.32 per share, with EPS estimates ranging from $4.05 to $4.59. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow MasTec.
MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, November 1st. The construction company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.13. MasTec had a return on equity of 17.01% and a net margin of 5.89%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the prior year, the business posted $0.82 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year.
A number of research firms have commented on MTZ. ValuEngine lowered MasTec from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. Citigroup set a $70.00 price objective on MasTec and gave the stock a “buy” rating in a research note on Monday, November 5th. Robert W. Baird boosted their price objective on MasTec from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, November 2nd. Zacks Investment Research raised MasTec from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Friday, January 4th. Finally, Canaccord Genuity reduced their price objective on MasTec from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $60.70.
Several institutional investors and hedge funds have recently modified their holdings of the company. Teachers Advisors LLC lifted its stake in shares of MasTec by 0.4% during the third quarter. Teachers Advisors LLC now owns 197,983 shares of the construction company’s stock valued at $8,840,000 after acquiring an additional 732 shares during the period. Janney Montgomery Scott LLC lifted its stake in MasTec by 7.2% in the third quarter. Janney Montgomery Scott LLC now owns 15,755 shares of the construction company’s stock valued at $703,000 after buying an additional 1,061 shares during the period. Chicago Partners Investment Group LLC lifted its stake in MasTec by 79.0% in the second quarter. Chicago Partners Investment Group LLC now owns 2,775 shares of the construction company’s stock valued at $141,000 after buying an additional 1,225 shares during the period. Profit Investment Management LLC lifted its stake in MasTec by 2.6% in the third quarter. Profit Investment Management LLC now owns 51,101 shares of the construction company’s stock valued at $161,000 after buying an additional 1,304 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in MasTec by 5.3% in the third quarter. PNC Financial Services Group Inc. now owns 26,177 shares of the construction company’s stock valued at $1,170,000 after buying an additional 1,306 shares during the period. 84.91% of the stock is currently owned by institutional investors and hedge funds.
MasTec stock opened at $45.24 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.85 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40. MasTec has a 52 week low of $37.24 and a 52 week high of $55.53.
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.
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