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MasTec (MTZ) Stock Price, News & Analysis

$66.22
-0.21 (-0.32%)
(As of 09:45 AM ET)
Compare
Today's Range
$65.93
$66.71
50-Day Range
$47.61
$69.81
52-Week Range
$44.65
$123.33
Volume
30,127 shs
Average Volume
808,155 shs
Market Capitalization
$5.22 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$101.46

MasTec MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
52.7% Upside
$101.46 Price Target
Short Interest
Bearish
6.61% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.65mentions of MasTec in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$173,287 Sold Last Quarter
Proj. Earnings Growth
52.08%
From $1.44 to $2.19 Per Share

Overall MarketRank

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

2.92 out of 5 stars

Construction Sector

3rd out of 89 stocks

Water, Sewer, & Utility Lines Industry

1st out of 4 stocks


MTZ stock logo

About MasTec Stock (NYSE:MTZ)

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 Stock Price History

MTZ Stock News Headlines

MasTec (MTZ) is Benefitting from Multiple Factors
Lithium Discovery So BIG You Can't Miss it, Even From Space
With the green energy transition well underway, lithium demand is rapidly outpacing projected supply. While companies frantically search for new sources of this critical metal, one small company is sitting on a massive claim in North America - So big in fact that it can clearly be seen from space!
Implied Volatility Surging for MasTec (MTZ) Stock Options
MasTec, Inc. (NYSE:MTZ) Q3 2023 Earnings Call Transcript
Craig-Hallum Downgrades Mastec (MTZ)
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Expert Ratings for MasTec
MasTec: Engineering Struggles
MasTec Shares Drop 24%, Pressured by Project Delays
Craig-Hallum Upgrades Mastec (MTZ)
What 7 Analyst Ratings Have To Say About MasTec
See More Headlines
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Company Calendar

Last Earnings
10/31/2023
Today
12/10/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/22/2024

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 Target
$101.46
High Stock Price Target
$130.00
Low Stock Price Target
$54.00
Potential Upside/Downside
+52.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
12 Analysts

Profitability

Net Income
$33.35 million
Pretax Margin
-0.60%

Debt

Sales & Book Value

Annual Sales
$9.78 billion
Cash Flow
$9.40 per share
Book Value
$34.87 per share

Miscellaneous

Free Float
62,034,000
Market Cap
$5.24 billion
Optionable
Optionable
Beta
1.51
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Key Executives















MTZ Stock Analysis - Frequently Asked Questions

Should I buy or sell MasTec stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MasTec in the last twelve months. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MTZ shares.
View MTZ analyst ratings
or view top-rated stocks.

What is MasTec's stock price target for 2024?

12 Wall Street analysts have issued 1 year price objectives for MasTec's stock. Their MTZ share price targets range from $54.00 to $130.00. On average, they anticipate the company's stock price to reach $101.46 in the next year. This suggests a possible upside of 52.7% 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 at the start of the year. Since then, MTZ stock has decreased by 22.1% and is now trading at $66.43.
View the best growth stocks for 2023 here
.

Are investors shorting MasTec?

MasTec saw a increase in short interest in October. As of October 31st, there was short interest totaling 3,570,000 shares, an increase of 19.0% from the October 15th total of 3,000,000 shares. Based on an average daily trading volume, of 1,010,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 5.9% of the shares of the stock are sold short.
View MasTec's Short Interest
.

When is MasTec's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our MTZ earnings forecast
.

How were MasTec's earnings last quarter?

MasTec, Inc. (NYSE:MTZ) released its quarterly earnings data on Tuesday, October, 31st. The construction company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by $0.96. The construction company had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.83 billion. MasTec had a positive trailing twelve-month return on equity of 5.86% and a negative net margin of 0.40%.

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

MasTec updated its FY 2023 earnings guidance on Tuesday, October, 31st. The company provided earnings per share guidance of $1.75-$1.75 for the period, compared to the consensus EPS estimate of $3.76. The company issued revenue guidance of $12.00 billion-$12.00 billion, compared to the consensus revenue estimate of $12.72 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).

Who are MasTec's major shareholders?

MasTec's stock is owned by many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (4.64%), Nordea Investment Management AB (3.73%), Invesco Ltd. (2.00%), Electron Capital Partners LLC (1.89%), Legacy Advisors LLC (1.74%) and Vontobel Holding Ltd. (1.13%). Insiders that own company stock include C Robert Campbell, Cardenas Alberto De, Ernst N Csiszar, George Pita, Paul Dimarco, Robert E Apple, Robert E Apple and Timothy Michael Love.
View institutional ownership trends
.

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.

This page (NYSE:MTZ) was last updated on 12/11/2023 by MarketBeat.com Staff

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