MasTec (MTZ) to Release Earnings on Thursday

MasTec (NYSE:MTZ) will likely be posting its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect MasTec to post earnings of $1.28 per share and revenue of $3.32 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

MasTec Price Performance

MasTec stock opened at $132.36 on Friday. The stock has a market cap of $10.49 billion, a P/E ratio of 118.18 and a beta of 1.73. MasTec has a 12-month low of $68.89 and a 12-month high of $166.95. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $142.48 and a 200-day simple moving average of $130.49.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MTZ. Robert W. Baird raised their price target on MasTec from $120.00 to $153.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Craig Hallum increased their price objective on shares of MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Stifel Nicolaus lifted 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. Finally, Truist Financial increased their price objective on shares of MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, MasTec has a consensus rating of “Moderate Buy” and an average price target of $158.57.

Insider Buying and Selling at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $145.00, for a total value of $435,000.00. Following the sale, the director now directly owns 42,478 shares of the company’s stock, valued at $6,159,310. This represents a 6.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $150.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief operating officer now owns 187,202 shares of the company’s stock, valued at $28,080,300. This trade represents a 5.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.30% of the stock is owned by corporate insiders.

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.