MasTec - MTZ Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MasTec in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MTZ shares.
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7 analysts have issued 12 month price objectives for MasTec's stock. Their MTZ share price forecasts range from $97.00 to $125.00. On average, they predict the company's stock price to reach $109.20 in the next year. This suggests a possible upside of 55.6% from the stock's current price.
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MasTec's stock was trading at $92.28 on January 1st, 2022. Since then, MTZ stock has decreased by 24.0% and is now trading at $70.16.
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MasTec saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,600,000 shares, an increase of 12.1% from the August 15th total of 2,320,000 shares. Based on an average daily volume of 654,900 shares, the days-to-cover ratio is currently 4.0 days. Approximately 4.5% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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MasTec, Inc. (NYSE:MTZ) issued its quarterly earnings results on Thursday, August, 4th. The construction company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. The construction company earned $2.30 billion during the quarter, compared to analyst estimates of $2.24 billion. MasTec had a net margin of 1.99% and a trailing twelve-month return on equity of 10.82%. MasTec's revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 earnings per share.

MasTec updated its third quarter 2022 earnings guidance on Thursday, September, 1st. The company provided EPS guidance of $1.29-$1.29 for the period, compared to the consensus earnings per share estimate of $1.48. The company issued revenue guidance of $2.55 billion-$2.55 billion, compared to the consensus revenue estimate of $2.58 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 investors include Nordea Investment Management AB (4.30%), Allspring Global Investments Holdings LLC (4.07%), Macquarie Group Ltd. (3.14%), Legacy Advisors LLC (2.41%), State Street Corp (1.99%) and Frontier Capital Management Co. LLC (1.81%). Insiders that own company stock include C Robert Campbell, Cardenas Alberto De, Ernst N Csiszar, George Pita, Robert E Apple, Robert E Apple and Robert J Dwyer.
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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 $70.16.

MasTec (NYSE:MTZ) has a market capitalization of $5.30 billion and generates $7.95 billion in revenue each year. The construction company earns $328.83 million in net income (profit) each year or $2.27 on an earnings per share basis.

The company employs 25,000 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.