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MasTec (MTZ) Stock Forecast, Price & News

$72.00
-0.82 (-1.13%)
(As of 09/29/2023 ET)
Compare
Today's Range
$71.62
$73.70
50-Day Range
$72.00
$122.08
52-Week Range
$62.36
$123.33
Volume
743,957 shs
Average Volume
676,656 shs
Market Capitalization
$5.68 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$118.91

MasTec MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.90 Rating Score
Upside/​Downside
65.2% Upside
$118.91 Price Target
Short Interest
Healthy
4.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.68mentions of MasTec in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
48.32%
From $3.58 to $5.31 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.07 out of 5 stars

Construction Sector

4th out of 98 stocks

Water, Sewer, & Utility Lines Industry

1st out of 5 stocks


MTZ stock logo

About MasTec (NYSE:MTZ) Stock

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. The company builds underground and overhead distribution systems, including trenches, conduits, cell towers, fiber, cable, and power lines, which provide wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy power generation; natural gas, carbon capture sequestration, and other product transport; electrical and gas transmission, and distribution systems; industrial and heavy civil infrastructure; compressor and pump stations, and treatment plants; and water infrastructure, including water pipelines. It also installs electrical and other gas distribution and transmission systems, power generation facilities, buried and aerial fiber optic and other cables, as well as home automation and energy management solutions. In addition, the company offers maintenance and upgrade support services comprising maintenance of customers' distribution facilities, networks, and infrastructure, including communications, power generation, pipeline, electrical distribution and transmission, and industrial and heavy civil infrastructure; service restoration for natural disasters and accidents; and routine replacements and upgrades to overhauls. Its customers include wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, public and private energy providers, pipeline operators, heavy civil and industrial infrastructure providers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.

MTZ Price History

MTZ Stock News Headlines

FY2023 EPS Estimates for MasTec, Inc. (NYSE:MTZ) Cut by Analyst
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
MasTec (MTZ) is Benefiting from Multiple Tailwinds
MasTec (MTZ) Receives a Rating Update from a Top Analyst
MasTec Inc MTZ Stock Quote
MasTec: Struggles After The Acquisition Spree
His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Analyst Ratings for MasTec
Why MasTec Stock Is Falling Today
Robert W. Baird Sticks to Its Buy Rating for MasTec (MTZ)
MasTec (MTZ) Receives a Buy from Barclays
See More Headlines
Receive MTZ Stock News and Ratings via Email

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MTZ Company Calendar

Last Earnings
8/03/2023
Today
9/29/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Water, sewer, & utility lines
Sub-Industry
Construction & Engineering
CUSIP
57632310
Employees
30,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$118.91
High Stock Price Forecast
$130.00
Low Stock Price Forecast
$98.00
Forecasted Upside/Downside
+65.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90
Research Coverage
10 Analysts

Profitability

Net Income
$33.35 million
Pretax Margin
-0.30%

Debt

Sales & Book Value

Annual Sales
$9.78 billion
Cash Flow
$9.03 per share
Book Value
$34.87 per share

Miscellaneous

Free Float
62,063,000
Market Cap
$5.67 billion
Optionable
Optionable
Beta
1.43
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Key Executives

  • Mr. Jose Ramon Mas (Age 52)
    CEO & Director
    Comp: $2.64M
  • Mr. Robert E. AppleMr. Robert E. Apple (Age 73)
    Chief Operating Officer
    Comp: $1.6M
  • Mr. Alberto I. de Cardenas Esq. (Age 54)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $952.49k
  • Mr. Paul Dimarco (Age 44)
    Exec. VP & CFO
  • Mr. T. Michael Love (Age 57)
    Chief Accounting Officer
  • Mr. J. Marc Lewis
    VP of Investor Relations
  • Mr. Gary L. Smith
    Sr. VP of Communications Group
  • Mr. Pablo A. Alvarez
    Exec. VP of Mergers & Acquisitions













MTZ Stock - Frequently Asked Questions

Should I buy or sell MasTec stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MasTec in the last twelve months. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MTZ shares.
View MTZ analyst ratings
or view top-rated stocks.

What is MasTec's stock price forecast for 2023?

10 brokers have issued 1-year price objectives for MasTec's shares. Their MTZ share price forecasts range from $98.00 to $130.00. On average, they expect the company's stock price to reach $118.91 in the next year. This suggests a possible upside of 65.4% from the stock's current price.
View analysts price targets for MTZ
or view top-rated stocks among Wall Street analysts.

How have MTZ shares performed in 2023?

MasTec's stock was trading at $85.33 on January 1st, 2023. Since then, MTZ shares have decreased by 15.7% and is now trading at $71.90.
View the best growth stocks for 2023 here
.

When is MasTec's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our MTZ earnings forecast
.

How were MasTec's earnings last quarter?

MasTec, Inc. (NYSE:MTZ) posted its earnings results on Thursday, August, 3rd. The construction company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.06. The construction company earned $2.87 billion during the quarter, compared to analysts' expectations of $3.01 billion. MasTec had a negative net margin of 0.12% and a positive trailing twelve-month return on equity of 6.93%.

What guidance has MasTec issued on next quarter's earnings?

MasTec updated its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $1.85-$2.13 for the period, compared to the consensus EPS estimate of $2.12. The company issued revenue guidance of $3.80 billion-$3.90 billion, compared to the consensus revenue estimate of $3.70 billion.

What is José R. Mas' approval rating as MasTec's CEO?

210 employees have rated MasTec Chief Executive Officer José R. Mas on Glassdoor.com. José R. Mas has an approval rating of 61% among the company's employees. This puts José R. Mas in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of MasTec own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MasTec investors own include Micron Technology (MU), NVIDIA (NVDA), Intel (INTC), Advanced Micro Devices (AMD), AT&T (T), Bank of America (BAC), Cisco Systems (CSCO), Johnson & Johnson (JNJ), CVS Health (CVS) and Walt Disney (DIS).

What is MasTec's stock symbol?

MasTec trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTZ."

How do I buy shares of MasTec?

Shares of MTZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MasTec's stock price today?

One share of MTZ stock can currently be purchased for approximately $71.90.

How much money does MasTec make?

MasTec (NYSE:MTZ) has a market capitalization of $5.67 billion and generates $9.78 billion in revenue each year. The construction company earns $33.35 million in net income (profit) each year or ($0.16) on an earnings per share basis.

How many employees does MasTec have?

The company employs 30,000 workers across the globe.

How can I contact MasTec?

MasTec's mailing address is 800 S. Douglas Road 12th Floor, Coral Gables FL, 33134. The official website for the company is www.mastec.com. The construction company can be reached via phone at (305) 599-1800, via email at marc.lewis@mastec.com, or via fax at 305-406-1960.

This page (NYSE:MTZ) was last updated on 9/29/2023 by MarketBeat.com Staff

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