NYSE:MTZMasTec Stock Price, Forecast & News

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.

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.

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

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.

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.

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.

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.

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.

Some companies that are related to MasTec include Jacobs Engineering Group (JEC), Aecom (ACM), Quanta Services (PWR), Emcor Group (EME), KBR (KBR), Fluor Co. (NEW) (FLR), Comfort Systems USA (FIX), Ameresco (AMRC), Dycom Industries (DY), Granite Construction (GVA), Primoris Services (PRIM), Argan (AGX), Tutor Perini (TPC), Great Lakes Dredge & Dock (GLDD) and MYR Group (MYRG). View all competitors.

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).

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

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.

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.

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.

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.

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

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.

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

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]