Top-Rated StocksTop-RatedNYSE:MTZ MasTec (MTZ) Stock Forecast, Price & News $105.64 +3.77 (+3.70%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$103.19▼$106.0850-Day Range$85.20▼$105.6452-Week Range$62.36▼$106.08Volume712,439 shsAverage Volume625,766 shsMarket Capitalization$8.33 billionP/E RatioN/ADividend YieldN/APrice Target$116.60 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media MasTec MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside10.4% Upside$116.60 Price TargetShort InterestHealthy3.97% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.64Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth38.02%From $4.34 to $5.99 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.24 out of 5 starsConstruction Sector51st out of 105 stocksWater, Sewer, & Utility Lines Industry4th out of 5 stocks 2.5 Analyst's Opinion Consensus RatingMasTec has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 9 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $116.60, MasTec has a forecasted upside of 10.4% from its current price of $105.64.Amount of Analyst CoverageMasTec has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.97% of the float of MasTec has been sold short.Short Interest Ratio / Days to CoverMasTec has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in MasTec has recently increased by 3.43%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldMasTec does not currently pay a dividend.Dividend GrowthMasTec does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MTZ. Previous Next 2.6 News and Social Media Coverage News SentimentMasTec has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Construction companies.News Coverage This WeekMarketBeat has tracked 6 news articles for MasTec this week, compared to 5 articles on an average week.Search Interest11 people have searched for MTZ on MarketBeat in the last 30 days. This is an increase of 10% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added MasTec to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MasTec insiders have not sold or bought any company stock.Percentage Held by Insiders21.30% of the stock of MasTec is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions69.80% of the stock of MasTec is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for MasTec are expected to grow by 38.02% in the coming year, from $4.34 to $5.99 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MasTec is -660.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of MasTec is -660.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioMasTec has a P/B Ratio of 3.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About MasTec (NYSE:MTZ) StockMasTec, Inc. engages in the provision of infrastructure construction services. It operates through the following segments: Communications, Oil and Gas, Clean Energy and Infrastructure, and Other. The Communications segment performs engineering, construction, maintenance, and customer fulfillment activities related to communications infrastructure, primarily for wireless and wireline/fiber communications, and install-to-the-home customers. The Oil and Gas segment offers services on oil and natural gas pipelines and processing facilities for the energy and utilities industries. The Clean Energy and Infrastructure segment serves energy, utility and other end-markets through the installation and construction of power generation facilities, including from clean energy and renewable sources such as wind, solar and biomass, as well as various types of heavy civil and industrial infrastructure. The Other segment consists of equity investors, other small business units that perform construction, and other services for a variety of international end-markets. The company was founded by Jorge Mas Canosa on July 26, 1968, and is headquartered in Coral Gables, FL.Read More Receive MTZ Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MasTec and its competitors with MarketBeat's FREE daily newsletter. Email Address MTZ Stock News HeadlinesJune 2, 2023 | americanbankingnews.comMasTec, Inc. (NYSE:MTZ) Receives $116.60 Average Target Price from AnalystsMay 31, 2023 | markets.businessinsider.comMasTec (MTZ) Gets a Buy from Goldman SachsJune 3, 2023 | Behind the Markets (Ad)Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software"Denver firm proves its possible to use AI to save the lives of soldiers in combat. England, Germany, Japan and Australia have all signed contracts within the past 18 months. Get the name of the stock here >>>May 27, 2023 | fool.comMasTec (NYSE: MTZ)May 24, 2023 | americanbankingnews.comCritical Contrast: OriginClear (OTCMKTS:OCLN) & MasTec (NYSE:MTZ)May 18, 2023 | americanbankingnews.comMasTec (NYSE:MTZ) Research Coverage Started at StockNews.comMay 17, 2023 | theglobeandmail.comBullish on MasTec Inc.May 17, 2023 | msn.comMasTec's Return On Capital Employed OverviewJune 3, 2023 | Legacy Research (Affiliate) (Ad)From -60% Account to Doubling His Money?After helping his readers double their money 13 TIMES in the last year alone… There’s ONE person trader Jeff Clark has NOT been able to help! His 23-year-old son, Grant.May 16, 2023 | americanbankingnews.comFY2023 EPS Estimates for MasTec, Inc. Cut by DA Davidson (NYSE:MTZ)May 14, 2023 | americanbankingnews.comDA Davidson Comments on MasTec, Inc.'s Q2 2023 Earnings (NYSE:MTZ)May 13, 2023 | americanbankingnews.comDA Davidson Weighs in on MasTec, Inc.'s FY2023 Earnings (NYSE:MTZ)May 12, 2023 | americanbankingnews.comAnalysts Offer Predictions for MasTec, Inc.'s Q2 2023 Earnings (NYSE:MTZ)May 11, 2023 | msn.comUnusual Put Option Trade in Mastec (MTZ) Worth $40.00KMay 10, 2023 | markets.businessinsider.comMasTec (MTZ) Receives a Buy from CitigroupMay 10, 2023 | msn.comBaird Maintains Mastec (MTZ) Outperform RecommendationMay 10, 2023 | msn.comCitigroup Maintains Mastec (MTZ) Buy RecommendationMay 10, 2023 | markets.businessinsider.com9 Analysts Have This to Say About MasTecMay 8, 2023 | americanbankingnews.comMasTec (NYSE:MTZ) Lifted to "Buy" at Craig HallumMay 8, 2023 | americanbankingnews.comMasTec (NYSE:MTZ) PT Raised to $125.00 at Robert W. BairdMay 8, 2023 | americanbankingnews.comBrokerages Set MasTec, Inc. (NYSE:MTZ) Target Price at $113.18May 7, 2023 | finance.yahoo.comMasTec, Inc. (NYSE:MTZ) Q1 2023 Earnings Call TranscriptMay 5, 2023 | finance.yahoo.comMasTec's (MTZ) Q1 Earnings & Revenues Top, Q2 View UpdatedMay 5, 2023 | seekingalpha.comMasTec, Inc. 2023 Q1 - Results - Earnings Call PresentationMay 5, 2023 | finance.yahoo.comMasTec (MTZ) Reports Q1 Loss, Tops Revenue EstimatesMay 4, 2023 | finance.yahoo.comMasTec Announces First Quarter 2023 Financial Results with Record Backlog and Updates Guidance for the YearMay 4, 2023 | finance.yahoo.comShould You Think About Buying MasTec, Inc. (NYSE:MTZ) Now?See More Headlines MTZ Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MTZ Company Calendar Last Earnings5/04/2023Today6/03/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Water, sewer, & utility lines Sub-IndustryConstruction & Engineering SectorConstruction Current SymbolNYSE:MTZ CUSIP57632310 CIK15615 Webwww.mastec.com Phone(305) 599-1800Fax305-406-1960Employees30,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$116.60 High Stock Price Forecast$125.00 Low Stock Price Forecast$103.00 Forecasted Upside/Downside+10.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($0.16) Trailing P/E RatioN/A Forward P/E Ratio24.34 P/E GrowthN/ANet Income$33.35 million Net Margins-0.12% Pretax Margin-0.33% Return on Equity6.60% Return on Assets2.07% Debt Debt-to-Equity Ratio1.15 Current Ratio1.54 Quick Ratio1.47 Sales & Book Value Annual Sales$9.78 billion Price / Sales0.85 Cash Flow$9.55 per share Price / Cash Flow11.06 Book Value$33.57 per share Price / Book3.15Miscellaneous Outstanding Shares78,860,000Free Float62,062,000Market Cap$8.33 billion OptionableOptionable Beta1.36 Key ExecutivesJosé Ramón MasChief Executive Officer & DirectorRobert E. AppleChief Operating OfficerPaul DiMarcoChief Financial Officer & Executive Vice PresidentAlberto de CardenasSecretary, Executive VP & General CounselPablo A. AlvarezExecutive Vice President-Merger & AcquisitionsKey CompetitorsDycom IndustriesNYSE:DYKBRNYSE:KBREMCOR GroupNYSE:EMEAdvanced Drainage SystemsNYSE:WMSToll BrothersNYSE:TOLView All CompetitorsInstitutional OwnershipProShare Advisors LLCSold 314 shares on 5/26/2023Ownership: 0.004%Legato Capital Management LLCBought 5,158 shares on 5/25/2023Ownership: 0.020%Ameriprise Financial Inc.Bought 125,309 shares on 5/22/2023Ownership: 2.434%American TrustSold 193 shares on 5/22/2023Ownership: 0.006%New York State Common Retirement FundBought 40,279 shares on 5/18/2023Ownership: 0.154%View All Institutional Transactions MTZ Stock - Frequently Asked Questions Should I buy or sell MasTec stock right now? 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. View MTZ analyst ratings or view top-rated stocks. What is MasTec's stock price forecast for 2023? 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. 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 beginning of the year. Since then, MTZ shares have increased by 23.8% and is now trading at $105.64. 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, August 3rd 2023. View our MTZ earnings forecast. How were MasTec's earnings last quarter? 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%. What ETFs hold MasTec's stock? 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). What guidance has MasTec issued on next quarter's earnings? 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. 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." Who are MasTec's major shareholders? 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. 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. What is MasTec's stock price today? One share of MTZ stock can currently be purchased for approximately $105.64. How much money does MasTec make? 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. 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 6/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MasTec, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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