Research Analysts Issue Forecasts for MasTec FY2025 Earnings

MasTec, Inc. (NYSE:MTZ - Free Report) - Research analysts at DA Davidson upped their FY2025 earnings per share (EPS) estimates for shares of MasTec in a note issued to investors on Tuesday, May 6th. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $5.81 for the year, up from their prior forecast of $5.33. The consensus estimate for MasTec's current full-year earnings is $3.44 per share. DA Davidson also issued estimates for MasTec's FY2026 earnings at $6.12 EPS.

MasTec (NYSE:MTZ - Get Free Report) last released its earnings results on Thursday, May 1st. The construction company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.17. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.71 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The company's revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.13) EPS.

A number of other analysts have also recently weighed in on MTZ. Citigroup increased their target price on shares of MasTec from $152.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Piper Sandler lifted their target price on MasTec from $134.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Wolfe Research started coverage on MasTec in a research report on Monday, March 31st. They set a "peer perform" rating on the stock. Truist Financial boosted their price objective on MasTec from $154.00 to $184.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, B. Riley reaffirmed a "buy" rating and issued a $165.00 target price (up from $151.00) on shares of MasTec in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $160.33.

MasTec Stock Performance

Shares of NYSE MTZ traded up $0.77 during trading on Thursday, reaching $148.41. The stock had a trading volume of 642,368 shares, compared to its average volume of 932,774. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. The stock has a market cap of $11.71 billion, a PE ratio of 132.51 and a beta of 1.71. MasTec has a one year low of $89.96 and a one year high of $166.95. The firm's 50 day moving average price is $122.29 and its two-hundred day moving average price is $133.33.

Insider Transactions at MasTec

In other news, Director Ernst N. Csiszar sold 2,517 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $131.63, for a total transaction of $331,312.71. Following the sale, the director now owns 23,000 shares in the company, valued at $3,027,490. The trade was a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 21.30% of the company's stock.

Institutional Investors Weigh In On MasTec

Institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new position in MasTec during the third quarter worth $25,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of MasTec during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC increased its holdings in MasTec by 181.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock valued at $25,000 after purchasing an additional 116 shares in the last quarter. Colonial Trust Co SC lifted its position in MasTec by 335.7% during the 4th quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock worth $25,000 after buying an additional 141 shares in the last quarter. Finally, Rothschild Investment LLC increased its position in MasTec by 2,023.1% in the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock valued at $32,000 after acquiring an additional 263 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Company Profile

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