MasTec (NYSE:MTZ) Issues Quarterly Earnings Results, Beats Estimates By $0.08 EPS

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

MasTec Price Performance

MTZ stock traded up $1.35 during mid-day trading on Friday, hitting $128.18. The stock had a trading volume of 354,951 shares, compared to its average volume of 1,003,399. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. MasTec has a 52 week low of $73.85 and a 52 week high of $166.95. The firm has a market capitalization of $10.16 billion, a P/E ratio of 114.45 and a beta of 1.73. The firm has a fifty day simple moving average of $141.84 and a 200 day simple moving average of $131.31.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MTZ shares. TD Cowen increased their price target on shares of MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 4th. B. Riley reiterated a “buy” rating and issued a $166.00 price target (up previously from $151.00) on shares of MasTec in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on shares of MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. KeyCorp raised their target price on shares of MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus raised their target price on shares of MasTec from $155.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.