MasTec, Inc. (NYSE:MTZ - Free Report) - Investment analysts at DA Davidson issued their Q1 2025 EPS estimates for MasTec in a research report issued to clients and investors on Tuesday, March 4th. DA Davidson analyst B. Thielman anticipates that the construction company will post earnings per share of $0.26 for the quarter. The consensus estimate for MasTec's current full-year earnings is $3.44 per share.
MasTec (NYSE:MTZ - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.08. The business had revenue of $3.40 billion for 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%.
Other analysts have also issued reports about the stock. Guggenheim initiated coverage on shares of MasTec in a research report on Wednesday, January 8th. They set a "buy" rating and a $195.00 price target for the company. Robert W. Baird decreased their target price on shares of MasTec from $162.00 to $153.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Truist Financial increased their target price on shares of MasTec from $173.00 to $189.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Citigroup lifted their target price on shares of MasTec from $156.00 to $167.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of MasTec from $154.00 to $172.00 and gave the company an "overweight" rating in a research 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. According to data from MarketBeat, MasTec has an average rating of "Moderate Buy" and an average target price of $160.14.
View Our Latest Stock Analysis on MTZ
MasTec Trading Down 3.0 %
Shares of MasTec stock traded down $3.51 during trading on Wednesday, reaching $115.33. The company's stock had a trading volume of 1,613,825 shares, compared to its average volume of 1,136,669. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. MasTec has a 52-week low of $82.29 and a 52-week high of $166.95. The firm's 50-day moving average is $140.09 and its two-hundred day moving average is $131.87. The company has a market cap of $9.14 billion, a price-to-earnings ratio of 102.97 and a beta of 1.74.
Hedge Funds Weigh In On MasTec
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its position in shares of MasTec by 15.1% in the fourth quarter. Allworth Financial LP now owns 596 shares of the construction company's stock valued at $81,000 after purchasing an additional 78 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of MasTec by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,280 shares of the construction company's stock worth $281,000 after acquiring an additional 82 shares in the last quarter. Arizona State Retirement System raised its position in MasTec by 0.5% in the 4th quarter. Arizona State Retirement System now owns 18,393 shares of the construction company's stock valued at $2,504,000 after purchasing an additional 89 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in MasTec by 2.8% in the third quarter. Coldstream Capital Management Inc. now owns 3,425 shares of the construction company's stock worth $423,000 after acquiring an additional 94 shares during the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of 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 purchasing an additional 100 shares in the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.
About MasTec
(
Get Free Report)
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.
See Also
Before you consider MasTec, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MasTec wasn't on the list.
While MasTec currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
