MasTec (NYSE:MTZ - Get Free Report) posted its quarterly earnings results on Thursday. The construction company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.41, FiscalAI reports. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a return on equity of 17.50% and a net margin of 2.94%.The company's revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share. MasTec updated its FY 2026 guidance to 8.790-8.790 EPS and its Q2 2026 guidance to 2.200-2.200 EPS.
MasTec Stock Performance
MTZ stock traded up $23.60 during midday trading on Friday, reaching $417.65. The company had a trading volume of 1,950,317 shares, compared to its average volume of 724,360. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65. The stock has a 50 day moving average price of $328.15 and a 200 day moving average price of $259.59. MasTec has a fifty-two week low of $136.88 and a fifty-two week high of $418.13. The firm has a market capitalization of $32.92 billion, a PE ratio of 82.38 and a beta of 1.80.
Key MasTec News
Here are the key news stories impacting MasTec this week:
- Positive Sentiment: Q1 results beat expectations — MasTec reported $1.39 EPS vs. consensus ~$0.98 and revenue of $3.83B, ahead of estimates and up ~34.5% year-over-year, signaling accelerating demand. MarketBeat Q1 Summary
- Positive Sentiment: Management raised guidance — MasTec boosted FY 2026 EPS guidance to 8.79 (vs. consensus ~8.45) and issued higher revenue guidance (~$17.5B), and set Q2 EPS at 2.20 with revenue ~$4.3B, showing confidence in backlog and demand. Business Wire: Q1 Results & Guidance
- Positive Sentiment: Strong execution across end-markets — Management highlighted double-digit revenue and profit growth and strong customer demand across businesses on the earnings call, supporting the guidance raise. Earnings Call Transcript
- Neutral Sentiment: Analyst write-ups and snapshots — Coverage from Zacks, Yahoo and local press highlights the beat and upgraded outlook; useful context for estimates and style/valuation checks. Zacks: Key Metrics
- Negative Sentiment: Rich valuation creates risk — MTZ trades at a high P/E (market commentary notes elevated multiples after the rally), which could amplify downside if growth or margin progress slips. Yahoo Finance Coverage
Insider Buying and Selling
In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total transaction of $1,952,600.00. Following the sale, the director owned 17,235 shares of the company's stock, valued at approximately $5,177,394. The trade was a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total value of $309,158.50. Following the sale, the director directly owned 10,592 shares in the company, valued at approximately $3,446,954.56. This trade represents a 8.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 21.40% of the company's stock.
Institutional Investors Weigh In On MasTec
Hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC raised its holdings in shares of MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company's stock valued at $51,000 after buying an additional 186 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of MasTec by 105.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company's stock valued at $61,000 after buying an additional 182 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of MasTec by 32.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 329 shares of the construction company's stock valued at $72,000 after buying an additional 80 shares during the last quarter. BROOKFIELD Corp ON bought a new stake in shares of MasTec during the fourth quarter valued at approximately $76,000. Finally, Vestcor Inc bought a new stake in shares of MasTec during the third quarter valued at approximately $128,000. Institutional investors own 78.10% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently commented on MTZ. DA Davidson lifted their price target on MasTec from $250.00 to $350.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. lifted their target price on MasTec from $346.00 to $386.00 and gave the company an "overweight" rating in a research note on Thursday, April 16th. Barclays lifted their target price on MasTec from $260.00 to $340.00 and gave the company an "overweight" rating in a research note on Tuesday, March 31st. Cantor Fitzgerald lifted their target price on MasTec from $274.00 to $347.00 and gave the company an "overweight" rating in a research note on Monday, March 2nd. Finally, Wolfe Research restated an "outperform" rating and issued a $326.00 target price on shares of MasTec in a research note on Monday, March 2nd. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, MasTec has a consensus rating of "Moderate Buy" and a consensus price target of $336.00.
Check Out Our Latest Research Report on MasTec
About MasTec
(
Get Free Report)
MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.
The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.
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