Brokerages Anticipate MasTec, Inc. (NYSE:MTZ) Will Announce Earnings of $1.26 Per Share

Analysts forecast that MasTec, Inc. (NYSE:MTZ) will announce earnings per share (EPS) of $1.26 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for MasTec’s earnings, with estimates ranging from $1.24 to $1.30. MasTec reported earnings of $1.07 per share in the same quarter last year, which indicates a positive year over year growth rate of 17.8%. The business is expected to issue its next quarterly earnings report on Thursday, February 27th.

According to Zacks, analysts expect that MasTec will report full year earnings of $5.15 per share for the current fiscal year, with EPS estimates ranging from $5.04 to $5.21. For the next financial year, analysts anticipate that the firm will post earnings of $5.56 per share, with EPS estimates ranging from $5.30 to $5.89. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow MasTec.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $1.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.14. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.14 billion. MasTec had a return on equity of 24.39% and a net margin of 4.37%. MasTec’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.33 EPS.

Several research analysts have recently weighed in on the company. B. Riley upped their target price on MasTec from $62.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Barclays increased their target price on MasTec from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, September 4th. Stifel Nicolaus lifted their price target on shares of MasTec from $74.00 to $79.00 in a research note on Wednesday, November 20th. Credit Suisse Group boosted their price target on shares of MasTec from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Craig Hallum upped their price objective on shares of MasTec from $69.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. MasTec presently has a consensus rating of “Buy” and an average target price of $70.25.

In other news, Director Ernst N. Csiszar sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $64.53, for a total value of $193,590.00. Following the transaction, the director now owns 25,564 shares in the company, valued at $1,649,644.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Dwyer sold 5,000 shares of MasTec stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $70.54, for a total value of $352,700.00. Following the completion of the sale, the director now directly owns 19,461 shares in the company, valued at $1,372,778.94. The disclosure for this sale can be found here. 22.00% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. North Star Investment Management Corp. purchased a new position in MasTec during the third quarter worth about $32,000. C M Bidwell & Associates Ltd. purchased a new position in shares of MasTec during the second quarter worth $45,000. NumerixS Investment Technologies Inc acquired a new stake in shares of MasTec in the second quarter valued at $70,000. Cerebellum GP LLC acquired a new stake in shares of MasTec in the third quarter valued at $91,000. Finally, Endurance Wealth Management Inc. raised its holdings in shares of MasTec by 136.8% in the 3rd quarter. Endurance Wealth Management Inc. now owns 1,421 shares of the construction company’s stock valued at $92,000 after buying an additional 821 shares during the period. 79.08% of the stock is owned by hedge funds and other institutional investors.

Shares of MTZ opened at $64.94 on Friday. The firm has a market cap of $5.06 billion, a P/E ratio of 17.84 and a beta of 1.40. MasTec has a 12 month low of $37.24 and a 12 month high of $73.71. The stock’s 50 day moving average is $67.84 and its two-hundred day moving average is $58.67. The company has a current ratio of 1.65, a quick ratio of 1.57 and a debt-to-equity ratio of 0.82.

MasTec Company Profile

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.

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Earnings History and Estimates for MasTec (NYSE:MTZ)

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