MasTec (MTZ) Scheduled to Post Quarterly Earnings on Thursday

MasTec (NYSE:MTZ) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.34) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, February 29th. The construction company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.20. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.26 billion. MasTec had a negative net margin of 0.42% and a positive return on equity of 4.82%. On average, analysts expect MasTec to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

MasTec Stock Down 1.6 %

Shares of NYSE MTZ opened at $85.18 on Thursday. The firm’s 50-day moving average price is $84.97 and its 200-day moving average price is $71.79. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of -129.06 and a beta of 1.62. MasTec has a 12-month low of $44.65 and a 12-month high of $123.33.

Analyst Upgrades and Downgrades

MTZ has been the topic of several recent research reports. Citigroup upped their target price on shares of MasTec from $99.00 to $104.00 and gave the company a “buy” rating in a research report on Monday. Truist Financial initiated coverage on shares of MasTec in a research report on Thursday, March 14th. They issued a “hold” rating and a $96.00 price objective on the stock. Robert W. Baird increased their price objective on shares of MasTec from $70.00 to $89.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Craig Hallum raised shares of MasTec from a “hold” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $96.00 in a research report on Monday, March 4th. Finally, KeyCorp increased their price objective on shares of MasTec from $92.00 to $97.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.85.

MasTec Company Profile

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.