Equities research analysts forecast that MasTec, Inc. (NYSE:MTZ) will post earnings of $0.25 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for MasTec’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.20. MasTec posted earnings per share of $0.59 in the same quarter last year, which would indicate a negative year-over-year growth rate of 57.6%. The business is scheduled to issue its next earnings results on Thursday, May 3rd.
On average, analysts expect that MasTec will report full-year earnings of $3.49 per share for the current financial year, with EPS estimates ranging from $3.45 to $3.58. For the next financial year, analysts anticipate that the firm will report earnings of $4.01 per share, with EPS estimates ranging from $3.63 to $4.58. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover MasTec.
MTZ has been the topic of several recent analyst reports. Credit Suisse Group reissued an “outperform” rating and issued a $69.00 price target (up from $58.00) on shares of MasTec in a research note on Thursday, January 18th. ValuEngine lowered MasTec from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Craig Hallum boosted their price target on MasTec from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. B. Riley reissued a “buy” rating and issued a $67.00 price target (up from $66.00) on shares of MasTec in a research note on Tuesday, November 7th. Finally, Stifel Nicolaus boosted their price target on MasTec from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $61.01.
Shares of MasTec (NYSE:MTZ) traded up $1.30 on Friday, reaching $51.05. The company’s stock had a trading volume of 771,313 shares, compared to its average volume of 913,295. MasTec has a 12-month low of $36.40 and a 12-month high of $55.53. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.84 and a current ratio of 1.92. The firm has a market capitalization of $4,108.12, a price-to-earnings ratio of 12.13, a PEG ratio of 1.05 and a beta of 1.48.
In other news, EVP Cardenas Alberto De sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $49.55, for a total transaction of $743,250.00. Following the transaction, the executive vice president now directly owns 110,502 shares of the company’s stock, valued at $5,475,374.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert E. Apple sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $55.07, for a total value of $1,376,750.00. The disclosure for this sale can be found here. Insiders have sold 65,000 shares of company stock worth $3,374,000 over the last ninety days. 20.30% of the stock is owned by insiders.
Several large investors have recently modified their holdings of MTZ. Penbrook Management LLC purchased a new stake in MasTec in the 4th quarter valued at $881,000. Xact Kapitalforvaltning AB purchased a new stake in MasTec in the 4th quarter valued at $333,000. Handelsbanken Fonder AB raised its position in MasTec by 297.1% in the 4th quarter. Handelsbanken Fonder AB now owns 675,000 shares of the construction company’s stock valued at $33,041,000 after buying an additional 505,000 shares during the last quarter. J. Goldman & Co LP purchased a new stake in MasTec in the 4th quarter valued at $1,077,000. Finally, Sterling Capital Management LLC raised its position in MasTec by 6.8% in the 4th quarter. Sterling Capital Management LLC now owns 790,718 shares of the construction company’s stock valued at $38,706,000 after buying an additional 50,185 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors.
MasTec Company Profile
MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
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