What is B. Riley's Forecast for MasTec FY2026 Earnings?

MasTec, Inc. (NYSE:MTZ - Free Report) - Investment analysts at B. Riley reduced their FY2026 EPS estimates for shares of MasTec in a research report issued to clients and investors on Wednesday, October 22nd. B. Riley analyst L. Burke now forecasts that the construction company will earn $6.36 per share for the year, down from their prior forecast of $6.70. The consensus estimate for MasTec's current full-year earnings is $3.44 per share.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.41 by $0.08. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The business's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS.

Several other equities research analysts have also recently issued reports on the company. Jefferies Financial Group raised their price objective on MasTec from $218.00 to $252.00 and gave the stock a "buy" rating in a report on Wednesday, October 1st. Truist Financial lifted their price target on MasTec from $209.00 to $248.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of MasTec from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 19th. Baird R W raised shares of MasTec from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 4th. Finally, KeyCorp upped their price objective on shares of MasTec from $205.00 to $236.00 and gave the company an "overweight" rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, MasTec presently has an average rating of "Moderate Buy" and a consensus price target of $220.37.

MasTec Trading Up 4.1%

Shares of MTZ stock opened at $204.90 on Friday. The firm has a 50-day moving average price of $195.02 and a 200 day moving average price of $169.89. MasTec has a twelve month low of $99.70 and a twelve month high of $221.83. The company has a market capitalization of $16.17 billion, a price-to-earnings ratio of 60.62 and a beta of 1.82. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70.

Hedge Funds Weigh In On MasTec

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTZ. Brighton Jones LLC acquired a new stake in MasTec during the 4th quarter valued at approximately $227,000. GAMMA Investing LLC increased its stake in shares of MasTec by 43.6% in the first quarter. GAMMA Investing LLC now owns 915 shares of the construction company's stock worth $107,000 after buying an additional 278 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of MasTec by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 7,213 shares of the construction company's stock worth $841,000 after buying an additional 190 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of MasTec by 37.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,410 shares of the construction company's stock worth $1,915,000 after buying an additional 4,469 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of MasTec by 9.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 45,012 shares of the construction company's stock valued at $5,253,000 after purchasing an additional 4,031 shares in the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MasTec

In other news, COO Robert E. Apple sold 10,000 shares of the business's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $200.44, for a total transaction of $2,004,400.00. Following the transaction, the chief operating officer directly owned 184,249 shares of the company's stock, valued at approximately $36,930,869.56. The trade was a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director C Robert Campbell sold 2,000 shares of the business's stock in a transaction on Monday, September 29th. The stock was sold at an average price of $210.39, for a total transaction of $420,780.00. Following the transaction, the director directly owned 33,277 shares in the company, valued at approximately $7,001,148.03. The trade was a 5.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,000 shares of company stock worth $4,803,250. 21.30% of the stock is currently owned by company insiders.

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.

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