DA Davidson Weighs in on MasTec's FY2026 Earnings (NYSE:MTZ)

Key Points

• DA Davidson has raised its earnings forecast for MasTec, predicting earnings of $6.93 per share for FY2026, up from a previous estimate of $6.12.
• Multiple brokerages have issued positive ratings, with price targets ranging from $195.00 to $214.00, and MasTec holds an average rating of "Buy."
• MasTec reported strong quarterly earnings, exceeding analysts' expectations with $1.49 earnings per share and $3.55 billion in revenue for the period.

MasTec, Inc. (NYSE:MTZ - Free Report) - Investment analysts at DA Davidson raised their FY2026 earnings per share (EPS) estimates for shares of MasTec in a research report issued to clients and investors on Monday, August 4th. DA Davidson analyst B. Thielman now anticipates that the construction company will post earnings per share of $6.93 for the year, up from their previous estimate of $6.12. DA Davidson currently has a "Buy" rating and a $210.00 price target on the stock. The consensus estimate for MasTec's current full-year earnings is $3.44 per share.

Several other research firms also recently issued reports on MTZ. KeyCorp lifted their price objective on MasTec from $196.00 to $205.00 and gave the stock an "overweight" rating in a report on Monday. Jefferies Financial Group started coverage on MasTec in a research report on Friday, May 16th. They issued a "buy" rating and a $188.00 target price for the company. Baird R W upgraded MasTec from a "hold" rating to a "strong-buy" rating in a research report on Monday. Citigroup decreased their target price on MasTec from $220.00 to $219.00 and set a "buy" rating for the company in a research report on Monday. Finally, Roth Capital started coverage on MasTec in a research report on Tuesday, July 1st. They issued a "buy" rating and a $210.00 target price for the company. One analyst has rated the stock with a hold rating, fifteen have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, MasTec currently has an average rating of "Buy" and a consensus price target of $195.12.

MasTec Stock Down 0.8%

MTZ stock traded down $1.52 during midday trading on Wednesday, hitting $181.46. 771,373 shares of the company's stock were exchanged, compared to its average volume of 1,063,984. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. MasTec has a 12-month low of $96.01 and a 12-month high of $194.00. The firm has a 50 day moving average price of $171.57 and a 200-day moving average price of $145.95. The stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 53.69 and a beta of 1.83.

MasTec (NYSE:MTZ - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.41 by $0.08. MasTec had a return on equity of 12.71% and a net margin of 2.04%. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the business posted $0.96 EPS. The company's revenue was up 19.7% on a year-over-year basis.

Insider Activity at MasTec

In related news, EVP Cardenas Alberto De sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total transaction of $1,806,900.00. Following the completion of the transaction, the executive vice president owned 101,349 shares in the company, valued at $18,312,750.81. The trade was a 8.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $175.00, for a total value of $1,750,000.00. Following the transaction, the chief operating officer owned 194,249 shares of the company's stock, valued at $33,993,575. This represents a 4.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock worth $4,018,570 in the last 90 days. 21.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MasTec

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Forum Financial Management LP raised its stake in shares of MasTec by 3.9% during the first quarter. Forum Financial Management LP now owns 2,097 shares of the construction company's stock valued at $245,000 after purchasing an additional 78 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of MasTec by 37.1% during the second quarter. Parallel Advisors LLC now owns 303 shares of the construction company's stock valued at $52,000 after purchasing an additional 82 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in shares of MasTec by 4.9% during the second quarter. Verdence Capital Advisors LLC now owns 1,982 shares of the construction company's stock valued at $338,000 after purchasing an additional 93 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of MasTec by 3.7% during the second quarter. ProShare Advisors LLC now owns 2,717 shares of the construction company's stock valued at $463,000 after purchasing an additional 97 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of MasTec by 0.6% during the first quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the construction company's stock valued at $2,007,000 after purchasing an additional 100 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

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.