MasTec (NYSE:MTZ) Releases FY 2026 Earnings Guidance

MasTec (NYSE:MTZ) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 9.300-9.300 for the period, compared to the consensus earnings per share estimate of 8.770. The company issued revenue guidance of $18.2 billion-$18.2 billion, compared to the consensus revenue estimate of $17.5 billion. MasTec also updated its Q3 2026 guidance to 2.980-2.980 EPS.

MasTec Stock Up 13.0%

MTZ traded up $37.47 on Thursday, hitting $324.88. 2,563,792 shares of the company were exchanged, compared to its average volume of 1,106,391. The stock’s fifty day moving average is $367.93 and its 200-day moving average is $333.67. MasTec has a 12 month low of $160.08 and a 12 month high of $441.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. The company has a market cap of $25.67 billion, a PE ratio of 56.90 and a beta of 1.77.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The firm’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.49 earnings per share. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Equities research analysts predict that MasTec will post 9.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MTZ has been the topic of several analyst reports. Robert W. Baird upped their price target on shares of MasTec from $473.00 to $475.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. B. Riley Financial reiterated a “buy” rating on shares of MasTec in a report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $493.00 price objective on shares of MasTec in a research report on Monday, May 4th. The Goldman Sachs Group boosted their target price on MasTec from $348.00 to $487.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Truist Financial increased their price target on MasTec from $518.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $466.89.

Insider Buying and Selling at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the sale, the director directly owned 10,816 shares in the company, valued at approximately $4,014,574.72. The trade was a 37.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $417.00, for a total value of $1,251,000.00. Following the completion of the sale, the director owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 21.40% of the stock is owned by company insiders.

MasTec News Summary

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Raised outlook above estimates: MasTec projected full-year 2026 adjusted EPS of $9.30 and revenue of $18.2 billion, above consensus estimates of $8.77 and $17.5 billion. Third-quarter guidance of $2.98 EPS and $4.9 billion in revenue also topped estimates of $2.74 and $4.7 billion. MasTec Reports Second Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: Strong quarterly growth: Second-quarter revenue reached $4.37 billion, up 23.4% year over year and ahead of the $4.30 billion estimate. Adjusted EBITDA margin expanded by 100 basis points, while management cited broad-based growth, improved execution and backlog development. EPS rose to $2.22 from $1.49 a year earlier and beat the Zacks consensus of $2.19. MasTec Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Analyst sentiment improved: Zacks Research upgraded MasTec from “Hold” to “Strong Buy,” adding to the positive reaction to the earnings release.
• Neutral Sentiment: Board addition: Alex Spiro, a legal and corporate-governance adviser to major companies, joined MasTec’s board. The appointment may support governance and strategic oversight but is not expected to materially affect near-term results. MasTec Announces the Appointment of Alex Spiro to Its Board of Directors
• Negative Sentiment: Minor EPS shortfall versus one estimate: MasTec’s $2.22 quarterly EPS was narrowly below the broader consensus estimate of $2.23, and the company’s low 2.94% net margin and elevated valuation could limit upside if execution or growth slows.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Peconic Partners LLC lifted its position in MasTec by 113.3% during the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after purchasing an additional 850,000 shares during the period. First Trust Advisors LP raised its position in shares of MasTec by 28.3% in the 4th quarter. First Trust Advisors LP now owns 1,311,433 shares of the construction company’s stock valued at $285,066,000 after buying an additional 289,258 shares in the last quarter. AQR Capital Management LLC raised its position in shares of MasTec by 11.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock valued at $181,961,000 after buying an additional 108,504 shares in the last quarter. Third Point LLC lifted its holdings in shares of MasTec by 27.6% during the 4th quarter. Third Point LLC now owns 925,000 shares of the construction company’s stock worth $201,067,000 after acquiring an additional 200,000 shares during the period. Finally, Merewether Investment Management LP lifted its holdings in shares of MasTec by 59.8% during the 3rd quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock worth $184,557,000 after acquiring an additional 324,500 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

About MasTec

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.