MasTec (NYSE:MTZ) Issues Quarterly Earnings Results, Beats Expectations By $0.41 EPS

MasTec (NYSE:MTZ) announced its earnings results on Thursday. The construction company reported $1.39 EPS for the quarter, topping the consensus estimate of $0.98 by $0.41, FiscalAI reports. MasTec had a return on equity of 17.50% and a net margin of 2.94%.The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The firm’s quarterly revenue was up 34.5% compared to the same quarter last year. MasTec updated its FY 2026 guidance to 8.790-8.790 EPS and its Q2 2026 guidance to 2.200-2.200 EPS.

MasTec Price Performance

Shares of NYSE MTZ traded up $23.60 during trading on Friday, hitting $417.65. The company had a trading volume of 1,950,317 shares, compared to its average volume of 724,360. The company has a market cap of $32.92 billion, a P/E ratio of 82.38 and a beta of 1.80. MasTec has a 52 week low of $136.88 and a 52 week high of $418.13. The business’s 50-day moving average is $328.15 and its 200 day moving average is $259.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.29 and a current ratio of 1.32.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MTZ. Barclays boosted their target price on MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. JPMorgan Chase & Co. boosted their target price on MasTec from $346.00 to $386.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Citigroup boosted their target price on MasTec from $350.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 27th. UBS Group boosted their target price on MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a report on Friday. Finally, Zacks Research cut MasTec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $336.00.

Insider Buying and Selling at MasTec

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the transaction, the director owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $300.40, for a total value of $1,952,600.00. Following the completion of the transaction, the director directly owned 17,235 shares in the company, valued at $5,177,394. This represents a 27.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Aigen Investment Management LP increased its holdings in shares of MasTec by 3.8% in the fourth quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after buying an additional 38 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of MasTec by 5.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 943 shares of the construction company’s stock valued at $205,000 after buying an additional 52 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in MasTec by 1.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,081 shares of the construction company’s stock worth $868,000 after purchasing an additional 55 shares in the last quarter. UMB Bank n.a. grew its position in MasTec by 7.3% during the 4th quarter. UMB Bank n.a. now owns 944 shares of the construction company’s stock worth $205,000 after purchasing an additional 64 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in MasTec by 1.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,334 shares of the construction company’s stock worth $1,159,000 after purchasing an additional 77 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Key Stories Impacting MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Q1 results beat expectations — MasTec reported $1.39 EPS vs. consensus ~$0.98 and revenue of $3.83B, ahead of estimates and up ~34.5% year-over-year, signaling accelerating demand. MarketBeat Q1 Summary
• Positive Sentiment: Management raised guidance — MasTec boosted FY 2026 EPS guidance to 8.79 (vs. consensus ~8.45) and issued higher revenue guidance (~$17.5B), and set Q2 EPS at 2.20 with revenue ~$4.3B, showing confidence in backlog and demand. Business Wire: Q1 Results & Guidance
• Positive Sentiment: Strong execution across end-markets — Management highlighted double-digit revenue and profit growth and strong customer demand across businesses on the earnings call, supporting the guidance raise. Earnings Call Transcript
• Neutral Sentiment: Analyst write-ups and snapshots — Coverage from Zacks, Yahoo and local press highlights the beat and upgraded outlook; useful context for estimates and style/valuation checks. Zacks: Key Metrics
• Negative Sentiment: Rich valuation creates risk — MTZ trades at a high P/E (market commentary notes elevated multiples after the rally), which could amplify downside if growth or margin progress slips. Yahoo Finance Coverage

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.