MasTec (NYSE:MTZ) Announces Quarterly Earnings Results

MasTec (NYSE:MTZ) released its earnings results on Thursday. The construction company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.28 by $0.08, Zacks reports. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.32 billion. MasTec updated its Q1 2025 guidance to 0.340-0.340 EPS and its FY 2025 guidance to 5.350-5.840 EPS.

MasTec Trading Up 1.1 %

Shares of NYSE MTZ traded up $1.35 during midday trading on Friday, reaching $128.18. The stock had a trading volume of 354,951 shares, compared to its average volume of 1,003,399. The firm has a market cap of $10.16 billion, a price-to-earnings ratio of 114.45 and a beta of 1.73. MasTec has a twelve month low of $73.85 and a twelve month high of $166.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. The company’s 50 day moving average price is $141.84 and its 200 day moving average price is $131.31.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MTZ shares. TD Cowen lifted their price target on shares of MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 4th. KeyCorp lifted their price target on shares of MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Guggenheim started coverage on shares of MasTec in a report on Wednesday, January 8th. They set a “buy” rating and a $195.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of MasTec from $155.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. 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 report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $158.57.

About MasTec

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.