MasTec (NYSE:MTZ) Announces Earnings Results

MasTec (NYSE:MTZ) issued its quarterly earnings results on Thursday. The construction company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.95 by $0.01, FiscalAI reports. MasTec had a net margin of 2.80% and a return on equity of 18.85%. The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter in the prior year, the firm posted $2.48 earnings per share. The business’s quarterly revenue was up 29.9% compared to the same quarter last year.

MasTec Stock Up 4.6%

MTZ stock traded up $8.21 during trading on Friday, reaching $186.03. The stock had a trading volume of 3,677,281 shares, compared to its average volume of 1,403,529. The company has a market capitalization of $14.94 billion, a price-to-earnings ratio of 30.40 and a beta of 1.84. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. The company’s 50 day moving average is $215.62 and its two-hundred day moving average is $300.41. MasTec has a one year low of $164.31 and a one year high of $441.43.

Key Stories Impacting MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Third-quarter revenue reached approximately $5.2 billion, while adjusted EBITDA was $486 million; both increased about 30% year over year and exceeded expectations. EPS of $2.96 also topped the roughly $2.94–$2.95 consensus. MasTec Reports Third Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: Power Delivery was a key growth driver, and MasTec’s backlog rose approximately 46% year over year to a record $24.5 billion. The backlog supports visibility into future revenue and reinforces demand for the company’s infrastructure services. MasTec Q3 Earnings and Revenues Beat Estimates on Power Delivery Strength
• Neutral Sentiment: The earnings release and management’s earnings call highlighted continued opportunities tied to power infrastructure and data-center-related demand, although project timing remains an important factor for the near-term outlook. MasTec Q3 2026 Earnings Call Transcript
• Negative Sentiment: MasTec reduced its full-year 2026 profit outlook because pipeline delays are postponing expected project activity. That guidance cut limits the benefit of the quarterly beats and may keep investors focused on execution and project-start timing. MasTec Q3 Earnings and Revenues Beat Estimates on Power Delivery Strength

Analyst Ratings Changes

A number of brokerages have weighed in on MTZ. Robert W. Baird lowered their target price on MasTec from $475.00 to $363.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. The Goldman Sachs Group reiterated a “buy” rating and set a $274.00 target price on shares of MasTec in a research report on Thursday, October 22nd. Weiss Ratings raised shares of MasTec from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. JPMorgan Chase & Co. reduced their price target on shares of MasTec from $369.00 to $303.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Finally, Truist Financial reduced their price target on shares of MasTec from $428.00 to $380.00 and set a “buy” rating for the company in a report on Monday, October 5th. Nineteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $365.10.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that provides services to the communications, energy, utility, and industrial sectors. The company designs, builds, installs, maintains, and upgrades infrastructure for wireless and wireline communications networks, including cellular, broadband, fiber-optic, and other connectivity systems.

MasTec also performs construction and maintenance work for electric transmission and distribution systems, renewable energy projects, and other power infrastructure.