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NYSE:MTZMasTec Stock Price, Forecast & News

$38.84
-0.83 (-2.09 %)
(As of 07/9/2020 09:42 AM ET)
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Today's Range
$38.84
Now: $38.84
$39.68
50-Day Range
$36.48
MA: $41.69
$47.07
52-Week Range
$22.51
Now: $38.84
$73.71
Volume19,846 shs
Average Volume1.17 million shs
Market Capitalization$2.86 billion
P/E Ratio7.81
Dividend YieldN/A
Beta1.46
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, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. The company builds underground and overhead distribution systems, including trenches, conduits, cell towers, cable, and power lines, which provide wireless and wireline/fiber communications; natural gas, crude oil, and refined product transport pipelines; electrical power generation, transmission, and distribution systems; power generation infrastructure, such as renewable energy; heavy industrial plants; compressor and pump stations, and treatment plants; water and sewer infrastructure; and other civil construction infrastructure. It also installs electrical and other energy distribution and transmission systems, power generation facilities, buried and aerial fiber optic and other cables, and satellite dishes, 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 natural gas and petroleum pipeline, communications, electrical distribution and transmission, power generation, and heavy civil infrastructure; emergency services for accidents or storm damage; and routine replacements and upgrades to overhauls. Its customers include public and private energy providers, pipeline operators, wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, and government entities. The company was founded in 1929 and is headquartered in Coral Gables, Florida.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.5Community Rank: 3.2Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.98 out of 5 stars


Industry, Sector and Symbol

Industry Water, sewer, & utility lines
Sub-IndustryConstruction & Engineering
CUSIP57632310
Phone305-599-1800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.18 billion
Cash Flow$7.93 per share
Book Value$23.47 per share

Profitability

Net Income$392.33 million

Miscellaneous

Employees21,000
Market Cap$2.86 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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MasTec (NYSE:MTZ) Frequently Asked Questions

How has MasTec's stock been impacted by COVID-19 (Coronavirus)?

MasTec's stock was trading at $33.82 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MTZ shares have increased by 14.8% and is now trading at $38.84. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of MasTec?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MasTec in the last year. There are currently 1 hold rating and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for MasTec.

When is MasTec's next earnings date?

MasTec is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for MasTec.

How were MasTec's earnings last quarter?

MasTec, Inc. (NYSE:MTZ) announced its earnings results on Thursday, April, 30th. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.15. The construction company earned $1.40 billion during the quarter, compared to analysts' expectations of $1.30 billion. MasTec had a return on equity of 22.94% and a net margin of 5.44%. The firm's revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 earnings per share. View MasTec's earnings history.

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

MasTec updated its FY20 earnings guidance on Thursday, April, 30th. The company provided earnings per share (EPS) guidance of $4.50-$5.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.72. The company issued revenue guidance of $7.3-$7.7 billion, compared to the consensus revenue estimate of $7.48 billion.

What price target have analysts set for MTZ?

13 equities research analysts have issued 12 month price targets for MasTec's stock. Their forecasts range from $40.00 to $74.00. On average, they anticipate MasTec's stock price to reach $53.00 in the next twelve months. This suggests a possible upside of 36.5% from the stock's current price. View analysts' price targets for MasTec.

Has MasTec been receiving favorable news coverage?

Press coverage about MTZ stock has been trending negative on Thursday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. MasTec earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned headlines about the construction company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news about MasTec.

Are investors shorting MasTec?

MasTec saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 9,250,000 shares, an increase of 8.7% from the May 31st total of 8,510,000 shares. Based on an average trading volume of 1,290,000 shares, the days-to-cover ratio is currently 7.2 days. Currently, 16.6% of the company's stock are sold short. View MasTec's Current Options Chain.

Who are some of MasTec's key competitors?

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), Intel (INTC), Advanced Micro Devices (AMD), NVIDIA (NVDA), Alibaba Group (BABA), Applied Materials (AMAT), Bank of America (BAC), Cisco Systems (CSCO), Walt Disney (DIS) and CVS Health (CVS).

Who are MasTec's key executives?

MasTec's management team includes the following people:
  • Mr. José Ramon Mas, CEO & Director (Age 48)
  • Mr. George L. Pita, Exec. VP & CFO (Age 57)
  • Mr. Robert E. Apple, Chief Operating Officer (Age 69)
  • Mr. Alberto I. de Cardenas, Exec. VP, Gen. Counsel & Sec. (Age 50)
  • Mr. J. Marc Lewis, VP of Investor Relations

What is MasTec's stock symbol?

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

Who are MasTec's major shareholders?

MasTec's stock is owned by a number of institutional and retail investors. Top institutional investors include DNB Asset Management AS (0.55%) and Envestnet Asset Management Inc. (0.07%). Company insiders that own MasTec stock include C Robert Campbell, Cardenas Alberto De, Ernst N Csiszar, Robert E Apple and Robert J Dwyer. View institutional ownership trends for MasTec.

Which institutional investors are selling MasTec stock?

MTZ stock was sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS. Company insiders that have sold MasTec company stock in the last year include C Robert Campbell, Ernst N Csiszar, Robert E Apple, and Robert J Dwyer. View insider buying and selling activity for MasTec.

Which institutional investors are buying MasTec stock?

MTZ stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. View insider buying and selling activity for MasTec.

How do I buy shares of MasTec?

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

What is MasTec's stock price today?

One share of MTZ stock can currently be purchased for approximately $38.84.

How big of a company is MasTec?

MasTec has a market capitalization of $2.86 billion and generates $7.18 billion in revenue each year. The construction company earns $392.33 million in net income (profit) each year or $5.09 on an earnings per share basis. MasTec employs 21,000 workers across the globe.

What is MasTec's official website?

The official website for MasTec is www.mastec.com.

How can I contact MasTec?

MasTec's mailing address is 800 S. Douglas Road 12th Floor, Coral Gables FL, 33134. The construction company can be reached via phone at 305-599-1800 or via email at [email protected]

This page was last updated on 7/9/2020 by MarketBeat.com Staff

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