Zacks: Analysts Anticipate MasTec, Inc. (MTZ) to Announce $1.06 EPS

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.

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.

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