DA Davidson Has Negative Outlook of MasTec FY2025 Earnings

MasTec, Inc. (NYSE:MTZ - Free Report) - DA Davidson lowered their FY2025 earnings per share (EPS) estimates for shares of MasTec in a research note issued on Tuesday, March 4th. DA Davidson analyst B. Thielman now expects that the construction company will post earnings per share of $5.33 for the year, down from their previous forecast of $5.34. The consensus estimate for MasTec's current full-year earnings is $3.44 per share. DA Davidson also issued estimates for MasTec's FY2026 earnings at $5.81 EPS.

MTZ has been the subject of a number of other research reports. Stifel Nicolaus reduced their price target on MasTec from $185.00 to $175.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Guggenheim started coverage on MasTec in a report on Wednesday, January 8th. They set a "buy" rating and a $195.00 price target for the company. Truist Financial increased their price objective on shares of MasTec from $173.00 to $189.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. KeyCorp boosted their target price on shares of MasTec from $153.00 to $168.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of MasTec from $154.00 to $172.00 and gave the stock an "overweight" rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, MasTec currently has an average rating of "Moderate Buy" and a consensus target price of $160.14.

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MasTec Stock Performance

Shares of MTZ traded down $3.51 during midday trading on Thursday, reaching $115.33. The stock had a trading volume of 1,613,825 shares, compared to its average volume of 1,136,669. The firm has a market cap of $9.14 billion, a PE ratio of 102.97 and a beta of 1.74. The firm has a 50 day simple moving average of $140.09 and a 200-day simple moving average of $132.15. MasTec has a one year low of $82.29 and a one year high of $166.95. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76.

MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.28 by $0.08. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.32 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%.

Hedge Funds Weigh In On MasTec

Hedge funds have recently made changes to their positions in the stock. Creative Planning increased its position in MasTec by 9.5% during the 3rd quarter. Creative Planning now owns 2,909 shares of the construction company's stock valued at $358,000 after purchasing an additional 253 shares during the period. State of Alaska Department of Revenue increased its position in shares of MasTec by 7.4% during the third quarter. State of Alaska Department of Revenue now owns 7,013 shares of the construction company's stock worth $863,000 after buying an additional 485 shares during the period. New York State Teachers Retirement System raised its stake in MasTec by 0.4% during the third quarter. New York State Teachers Retirement System now owns 26,557 shares of the construction company's stock worth $3,269,000 after buying an additional 100 shares during the last quarter. Forum Financial Management LP bought a new position in MasTec during the third quarter worth $201,000. Finally, Moloney Securities Asset Management LLC acquired a new position in MasTec in the third quarter valued at $1,024,000. 78.10% of the stock is currently owned by institutional investors.

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