NYSE:MTZMasTec Stock Price, Forecast & News

$43.50

-0.66 (-1.49 %)

(As of 06/4/2020 09:57 AM ET)

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Today's Range

$43.01

Now: $43.50▼

$44.00

50-Day Range

$30.66

MA: $35.64▼

$41.63

52-Week Range

$22.51

Now: $43.50▼

$73.71

Volume69,683 shs

Average Volume796,248 shs

Market Capitalization$3.21 billion

P/E Ratio8.56

Dividend YieldN/A

Beta1.41

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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
MasTec has received a consensus rating of Buy. The company's average rating score is 2.92, and is based on 12 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $52.38, MasTec has a potential upside of 20.4% from its current price of $43.50.
Amount of Analyst Coverage
MasTec has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.2 Community Rank

Outperform Votes
MasTec has received 638 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
MasTec has received 347 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
MasTec has received 64.77% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about MasTec and other stocks. Vote “Outperform” if you believe MTZ will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MTZ will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
MasTec does not currently pay a dividend.
Dividend Growth
MasTec does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MasTec insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $244,280.00 in company stock.
Percentage Held by Insiders
Only 23.90% of the stock of MasTec is held by insiders.
Percentage Held by Institutions
83.06% of the stock of MasTec is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for MasTec are expected to decrease by -11.45% in the coming year, from $4.54 to $4.02 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MasTec is 8.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of MasTec is 8.56, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 39.04.
Price to Book Value per Share Ratio
MasTec has a P/B Ratio of 1.85. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.78 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Water, sewer, & utility lines

Sub-IndustryConstruction & Engineering

SectorConstruction

Current SymbolNYSE:MTZ

Previous Symbol

CUSIP57632310

CIK15615

Webwww.mastec.com

Phone305-599-1800

Debt

Debt-to-Equity Ratio0.85

Current Ratio1.65

Quick Ratio1.57

Price-To-Earnings

Trailing P/E Ratio8.56

Forward P/E Ratio9.58

P/E GrowthN/A

Sales & Book Value

Annual Sales$7.18 billion

Price / Sales0.45

Cash Flow$8.35 per share

Price / Cash Flow5.21

Book Value$23.47 per share

Price / Book1.85

Profitability

EPS (Most Recent Fiscal Year)$5.09

Net Income$392.33 million

Net Margins5.44%

Return on Equity22.94%

Return on Assets7.88%

Miscellaneous

Employees21,000

Outstanding Shares73,750,000

Market Cap$3.21 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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MTZ stock has increased by 28.6% and is now trading at $43.50. 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) posted its quarterly earnings data on Thursday, April, 30th. The construction company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.45 by $0.15. The construction company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.30 billion. MasTec had a return on equity of 22.94% and a net margin of 5.44%. MasTec's revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 EPS. View MasTec's earnings history.

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

MasTec issued an update on 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 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 analysts have issued twelve-month target prices for MasTec's shares. Their forecasts range from $40.00 to $74.00. On average, they expect MasTec's share price to reach $52.38 in the next year. This suggests a possible upside of 20.4% from the stock's current price. View analysts' price targets for MasTec.

Has MasTec been receiving favorable news coverage?

Media stories about MTZ stock have trended somewhat negative this week, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. MasTec earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media coverage about the construction company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutMasTec.

Who are some of MasTec's key competitors?

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), Dycom Industries (DY), Comfort Systems USA (FIX), Ameresco (AMRC), Granite Construction (GVA), Primoris Services (PRIM), Great Lakes Dredge & Dock (GLDD), Argan (AGX), Tutor Perini (TPC) and MYR Group (MYRG). View all 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.38%), State Street Corp (2.59%), Fuller & Thaler Asset Management Inc. (2.38%), JPMorgan Chase & Co. (2.06%), AQR Capital Management LLC (1.71%) and FDx Advisors Inc. (1.71%). 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 major investors are selling MasTec stock?

MTZ stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., SG Americas Securities LLC, Billings Capital Management LLC, Alyeska Investment Group L.P., Russell Investments Group Ltd., Morgan Stanley, Morgan Stanley, and James Investment Research Inc.. 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 major investors are buying MasTec stock?

MTZ stock was bought by a variety of institutional investors in the last quarter, including FDx Advisors Inc., FDx Advisors Inc., Fuller & Thaler Asset Management Inc., JPMorgan Chase & Co., AQR Capital Management LLC, Handelsbanken Fonder AB, Nuveen Asset Management LLC, and Matarin Capital Management LLC. 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 $43.50.

How big of a company is MasTec?

MasTec has a market capitalization of $3.21 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 6/4/2020 by MarketBeat.com Staff