MasTec Company Profile (NYSE:MTZ)

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

MasTec, Inc. (NYSE:MTZ) announced its quarterly earnings data on Thursday, August, 3rd. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.34. The company earned $1.89 billion during the quarter, compared to analyst estimates of $1.50 billion. MasTec had a return on equity of 21.80% and a net margin of 3.89%. The firm's revenue for the quarter was up 53.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS. View MasTec's Earnings History.

MasTec updated its FY17 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $2.73 for the period, compared to the Thomson Reuters consensus estimate of $2.46. The company issued revenue guidance of $6.0 billion, compared to the consensus revenue estimate of $5.70 billion.MasTec also updated its Q3 guidance to $0.73 EPS.

9 brokers have issued 12 month target prices for MasTec's shares. Their predictions range from $49.00 to $66.00. On average, they expect MasTec's share price to reach $54.56 in the next twelve months. View Analyst Ratings for MasTec.

Here are some recent quotes from research analysts about MasTec stock:

• 1. According to Zacks Investment Research, "MasTec reported record revenues and earnings in the second quarter with both outpacing the Zacks Consensus Estimate as well.  The better-than-expected performance can be attributed to record levels of Oil & Gas project activity. MasTec raised 2017 guidance and estimates annual revenue of approximately $6 billion and adjusted earnings per share at $2.73. The company’s recent geographic expansion of heavy civil operations, as well as entry into the water, sewer and drainage systems infrastructure market operations will provide opportunity to capitalize on the increasing demand trends in this market. In its wireline and wireless communication markets, significant expansion related to both 5G and fiber deployment will benefit its communications business. MasTec outperformed the industry in the past one year." (8/8/2017)
• 2. Canaccord Genuity analysts commented, "We reiterate a BUY rating for MTZ following upside for Q4 and 2017 guidance above expectations. Oil and Gas looks to be the primary driver of growth again in 2017, but with a cessation of the EBITDA headwinds in Electrical Transmission enhancing the profitability outlook as well. Importantly the long term view for Communications looks constructive especially for gigabit fiber and 5G deployments. While management was cautious with its commentary on Oil and Gas margins in 2H17, we believe upside could materialize in this segment if MTZ can execute at a level similar to 2016. We are increasing our estimates and our price target is raised to $48 from $42. Investment highlights MTZ reported Q4/16 earnings results of $1341.9M in revenues and adjusted EPS of $0.70, ahead of our estimates and consensus of $1302.8M/$0.54 and $1310M/ $0.54 respectively and guidance of $1.3B in revenues and EPS of $0.54. Upside was from strength in Oil and Gas and a return to profitability for the Electrical Transmission segment, which was EBITDA positive for the first time in eight quarters." (2/24/2017)
• 3. FBR & Co analysts commented, "On Thursday, February 23 after the close, MasTec announced 4Q16 results that were well ahead of our and consensus expectations and provided 2017 EPS guidance that is 12% above consensus estimates. In summary, the strong quarter and outlook were principally driven by the outstanding performance within the company's oil and gas segment, where the company has mostly completed the Dakota Access pipeline and just recently started construction on the Rover pipeline. MTZ has a high level of visibility into 2017, and specifically within the O&G segment, could become a major beneficiary of a pro-energy infrastructure Administration in Washington over the next few years. We will have more details following the company's conference call this morning." (2/24/2017)

Some companies that are related to MasTec include Lennox International (LII), Jacobs Engineering Group (JEC), RPM International (RPM), Acuity Brands (AYI), Toll Brothers (TOL), ServiceMaster Global Holdings (SERV), James Hardie Industries PLC. (JHX), Thor Industries (THO), Fluor Corporation (FLR), Quanta Services (PWR), Watsco (WSO.B), Watsco (WSO), AECOM (ACM), Eagle Materials (EXP), USG Corporation (USG), EMCOR Group (EME), Louisiana-Pacific Corporation (LPX) and CalAtlantic Group (CAA).

MasTec's management team includes the folowing people:

• Jorge L. Mas, Chairman of the Board
• Jose R. Mas, Chief Executive Officer, Director
• George L. Pita, Chief Financial Officer, Executive Vice President
• Robert E. Apple, Chief Operating Officer
• Alberto I. De Cardenas, Executive Vice President, General Counsel, Secretary
• C. Robert Campbell, Director
• Ernst N. Csiszar, Independent Director
• Robert J. Dwyer, Independent Director
• Julia L. Johnson J.D., Independent Director
• Javier Alberto Palomarez, Independent Director

MasTec's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.72%), BlackRock Inc. (6.01%), Dimensional Fund Advisors LP (4.36%), Macquarie Group Ltd. (3.19%), Frontier Capital Management Co. LLC (2.81%) and Prudential Financial Inc. (1.79%). Company insiders that own MasTec stock include C Robert Campbell, Jorge Mas, Jose S Sorzano, Robert E Apple and Robert J Dwyer. View Institutional Ownership Trends for MasTec.

MasTec's stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Frontier Capital Management Co. LLC, Nomura Holdings Inc., BlackRock Inc., JPMorgan Chase & Co., Macquarie Group Ltd., Algert Global LLC and Schwab Charles Investment Management Inc.. Company insiders that have sold MasTec stock in the last year include C Robert Campbell, Jose S Sorzano and Robert E Apple. View Insider Buying and Selling for MasTec.

MasTec's stock was acquired by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Gotham Asset Management LLC, Koch Industries Inc., Russell Investments Group Ltd., Vanguard Group Inc., Westfield Capital Management Co. LP, 1060 Capital LLC and Fiera Capital Corp. View Insider Buying and Selling for MasTec.

Shares of MasTec can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of MasTec stock can currently be purchased for approximately $45.45.