MasTec (MTZ) Expected to Release Quarterly Earnings on Thursday

MasTec (NYSE:MTZ - Get Free Report) is anticipated to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $1.28 per share and revenue of $3.32 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

MasTec Price Performance

Shares of NYSE:MTZ traded down $6.43 during trading on Friday, hitting $126.35. 1,179,244 shares of the company were exchanged, compared to its average volume of 970,119. MasTec has a 1-year low of $69.80 and a 1-year high of $166.95. The business's 50 day moving average is $142.48 and its 200-day moving average is $130.49. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $10.01 billion, a P/E ratio of 112.81 and a beta of 1.73.

Insider Buying and Selling

In related news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the transaction, the director now directly owns 42,478 shares in the company, valued at $6,159,310. This trade represents a 6.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $150.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief operating officer now owns 187,202 shares in the company, valued at $28,080,300. The trade was a 5.07 % decrease in their position. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MTZ. Guggenheim began coverage on MasTec in a report on Wednesday, January 8th. They set a "buy" rating and a $195.00 price target for the company. JPMorgan Chase & Co. raised their price objective on shares of MasTec from $154.00 to $172.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. Truist Financial boosted their target price on shares of MasTec from $173.00 to $189.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. TD Cowen raised their price target on shares of MasTec from $115.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Finally, KeyCorp upped their price objective on shares of MasTec from $153.00 to $168.00 and gave the company an "overweight" rating in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $158.57.

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.