MasTec (MTZ) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MasTec in the last twelve months. There are currently 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MTZ shares.
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9 Wall Street research analysts have issued 12 month price objectives for MasTec's shares. Their MTZ share price forecasts range from $103.00 to $125.00. On average, they anticipate the company's share price to reach $116.60 in the next year. This suggests a possible upside of 10.4% from the stock's current price.
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MasTec's stock was trading at $85.33 at the beginning of the year. Since then, MTZ shares have increased by 23.8% and is now trading at $105.64.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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MasTec, Inc. (NYSE:MTZ) issued its quarterly earnings results on Thursday, May, 4th. The construction company reported ($0.64) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.65) by $0.01. The construction company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.39 billion. MasTec had a negative net margin of 0.12% and a positive trailing twelve-month return on equity of 6.60%.

ETFs with the largest weight of MasTec (NYSE:MTZ) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Inspire Faithward Mid Cap Momentum ETF (GLRY), Global X U.S. Infrastructure Development ETF (PAVE), First Trust Innovation Leaders ETF (ILDR), iShares U.S. Infrastructure ETF (IFRA), Vanguard S&P Mid-Cap 400 Value ETF (IVOV), iShares S&P Mid-Cap 400 Value ETF (IJJ) and SPDR S&P 400 Mid Cap Value ETF (MDYV).

MasTec updated its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $0.86-$0.86 for the period, compared to the consensus EPS estimate of $1.01. The company issued revenue guidance of $3.00 billion-$3.00 billion, compared to the consensus revenue estimate of $3.11 billion.

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.

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).

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

MasTec's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.29%), Allspring Global Investments Holdings LLC (4.27%), Nordea Investment Management AB (3.86%), Dimensional Fund Advisors LP (2.74%), Ameriprise Financial Inc. (2.43%) and Macquarie Group Ltd. (2.20%). Insiders that own company stock include C Robert Campbell, Cardenas Alberto De, Ernst N Csiszar, George Pita, Robert E Apple and Robert E Apple.
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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.
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One share of MTZ stock can currently be purchased for approximately $105.64.

MasTec (NYSE:MTZ) has a market capitalization of $8.33 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.

The company employs 30,000 workers across the globe.

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.