Research Analysts Set Expectations for MasTec Q1 Earnings

MasTec, Inc. (NYSE:MTZ) – Equities research analysts at DA Davidson issued their Q1 2025 earnings estimates for MasTec in a research report issued to clients and investors on Tuesday, March 4th. DA Davidson analyst B. Thielman expects that the construction company will earn $0.26 per share for the quarter. The consensus estimate for MasTec’s current full-year earnings is $3.44 per share.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.08. The business had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. boosted their price target on MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Robert W. Baird lowered their price objective on MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a research report on Monday. Stifel Nicolaus reduced their target price on MasTec from $185.00 to $175.00 and set a “buy” rating for the company in a research report on Monday. Barclays boosted their price target on shares of MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Citigroup raised their price objective on shares of MasTec from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $160.14.

MasTec Stock Up 3.3 %

Shares of MTZ opened at $128.03 on Wednesday. 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 has a 50-day simple moving average of $141.10 and a 200-day simple moving average of $131.97. MasTec has a 52 week low of $82.29 and a 52 week high of $166.95. The firm has a market capitalization of $10.14 billion, a P/E ratio of 114.31 and a beta of 1.73.

Hedge Funds Weigh In On MasTec

Several institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System lifted its position in MasTec by 21.7% during the 4th quarter. New York State Teachers Retirement System now owns 32,307 shares of the construction company’s stock worth $4,398,000 after buying an additional 5,750 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of MasTec by 45.8% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 28,498 shares of the construction company’s stock worth $3,880,000 after acquiring an additional 8,948 shares during the last quarter. Atom Investors LP raised its stake in shares of MasTec by 979.0% in the third quarter. Atom Investors LP now owns 61,018 shares of the construction company’s stock worth $7,511,000 after acquiring an additional 55,363 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of MasTec by 286.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 17,871 shares of the construction company’s stock valued at $2,433,000 after purchasing an additional 13,241 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of MasTec by 1.4% in the third quarter. State Street Corp now owns 1,823,967 shares of the construction company’s stock valued at $224,530,000 after purchasing an additional 24,522 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

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.