MasTec (MTZ) Set to Announce Earnings on Thursday

MasTec (NYSE:MTZ) will be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect MasTec to post earnings of ($0.34) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, February 29th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.20. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.26 billion. MasTec had a negative net margin of 0.42% and a positive return on equity of 4.82%. On average, analysts expect MasTec to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

MasTec Price Performance

NYSE MTZ opened at $89.45 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 1.06. The company has a fifty day simple moving average of $86.21 and a 200 day simple moving average of $72.35. The company has a market cap of $7.11 billion, a P/E ratio of -135.53 and a beta of 1.62. MasTec has a 1 year low of $44.65 and a 1 year high of $123.33.

Analyst Ratings Changes

Several research firms recently issued reports on MTZ. Robert W. Baird upped their price objective on shares of MasTec from $70.00 to $89.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Truist Financial began coverage on shares of MasTec in a report on Thursday, March 14th. They set a “hold” rating and a $96.00 price objective for the company. Craig Hallum raised shares of MasTec from a “hold” rating to a “buy” rating and increased their price target for the company from $50.00 to $96.00 in a report on Monday, March 4th. The Goldman Sachs Group increased their price target on shares of MasTec from $54.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Finally, KeyCorp increased their price target on shares of MasTec from $92.00 to $97.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.85.

About MasTec

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, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.