MasTec (MTZ) Projected to Post Earnings on Thursday

MasTec (NYSE:MTZ - Get Free Report) is expected to release its Q1 2025 earnings data after the market closes on Thursday, May 1st. Analysts expect MasTec to post earnings of $0.34 per share and revenue of $2.71 billion for the quarter. MasTec has set its Q1 2025 guidance at 0.340-0.340 EPS and its FY 2025 guidance at 5.350-5.840 EPS.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share 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 net margin of 0.73% and a return on equity of 8.27%. On average, analysts expect MasTec to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

MasTec Stock Performance

Shares of MTZ traded up $0.36 on Tuesday, reaching $126.53. The company's stock had a trading volume of 75,855 shares, compared to its average volume of 934,292. The stock's 50 day simple moving average is $120.17 and its two-hundred day simple moving average is $132.51. The stock has a market capitalization of $10.00 billion, a P/E ratio of 112.91 and a beta of 1.62. MasTec has a 12-month low of $86.12 and a 12-month high of $166.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20.

Insider Activity at MasTec

In other MasTec news, Director Ernst N. Csiszar sold 2,517 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $131.63, for a total value of $331,312.71. Following the sale, the director now owns 23,000 shares in the company, valued at approximately $3,027,490. The trade was a 9.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 21.30% of the stock is currently owned by corporate insiders.

Institutional Trading of MasTec

A hedge fund recently bought a new stake in MasTec stock. Brighton Jones LLC bought a new position in MasTec, Inc. (NYSE:MTZ - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 1,665 shares of the construction company's stock, valued at approximately $227,000. Hedge funds and other institutional investors own 78.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stifel Nicolaus reduced their target price on shares of MasTec from $175.00 to $143.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. KeyCorp cut their target price on MasTec from $168.00 to $140.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Citigroup cut their price target on shares of MasTec from $167.00 to $152.00 and set a "buy" rating on the stock in a research note on Friday. JPMorgan Chase & Co. lifted their price target on shares of MasTec from $154.00 to $172.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 28th. Finally, Wolfe Research assumed coverage on MasTec in a report on Monday, March 31st. They issued a "peer perform" rating for the company. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $151.00.

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.