MasTec (NYSE:MTZ) Updates FY 2025 Earnings Guidance

Key Points

• MasTec updated its FY 2025 earnings guidance, projecting earnings per share between 6.230-6.440 and revenue guidance of $13.9 billion-$14.0 billion, exceeding consensus estimates.
• The company's stock trades at $189.30, with a market capitalization of $14.94 billion, and analysts have generally rated it as a "buy."
• Insider activity includes the COO selling 10,000 shares for $1.75 million, indicating a 4.9% decrease in ownership.

MasTec (NYSE:MTZ - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 6.230-6.440 for the period, compared to the consensus earnings per share estimate of 6.100. The company issued revenue guidance of $13.9 billion-$14.0 billion, compared to the consensus revenue estimate of $13.7 billion. MasTec also updated its Q3 2025 guidance to 2.280-2.280 EPS.

MasTec Price Performance

Shares of NYSE MTZ traded down $0.57 during mid-day trading on Thursday, reaching $189.30. The company's stock had a trading volume of 1,776,675 shares, compared to its average volume of 1,039,197. The stock has a 50-day moving average of $167.12 and a two-hundred day moving average of $144.32. The stock has a market capitalization of $14.94 billion, a P/E ratio of 69.60 and a beta of 1.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.18 and a current ratio of 1.22. MasTec has a 1-year low of $89.96 and a 1-year high of $194.00.

MasTec (NYSE:MTZ - Get Free Report) last announced 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. MasTec had a net margin of 1.72% and a return on equity of 11.65%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the firm posted ($0.13) earnings per share. MasTec's revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that MasTec will post 3.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MTZ. The Goldman Sachs Group raised shares of MasTec from a "neutral" rating to a "buy" rating and lifted their target price for the company from $156.00 to $195.00 in a report on Friday, June 6th. Stifel Nicolaus boosted their price objective on shares of MasTec from $171.00 to $181.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. KeyCorp reiterated an "overweight" rating and issued a $196.00 price objective (up from $171.00) on shares of MasTec in a research report on Wednesday, July 16th. Wall Street Zen lowered shares of MasTec from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Finally, Guggenheim reiterated a "buy" rating and issued a $195.00 price objective on shares of MasTec in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $179.88.

Insider Activity at MasTec

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the 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 completion of the sale, the chief operating officer owned 194,249 shares of the company's stock, valued at $33,993,575. This trade represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $153.89, for a total transaction of $461,670.00. Following the completion of the sale, the director directly owned 39,782 shares of the company's stock, valued at $6,122,051.98. This trade represents a 7.01% decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On MasTec

A hedge fund recently raised its stake in MasTec stock. NewEdge Advisors LLC raised its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 32.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,408 shares of the construction company's stock after buying an additional 1,083 shares during the quarter. NewEdge Advisors LLC's holdings in MasTec were worth $514,000 as of its most recent SEC filing. Institutional investors own 78.10% of the company's stock.

About MasTec

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.