MasTec (MTZ) to Release Earnings on Thursday

MasTec (NYSE:MTZ) will issue its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $1.15 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.09 billion. MasTec had a return on equity of 6.42% and a net margin of 0.06%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. On average, analysts expect MasTec to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

MasTec Price Performance

NYSE MTZ opened at $122.32 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.86. The company has a market cap of $9.72 billion, a PE ratio of -873.71 and a beta of 1.70. MasTec has a 52 week low of $44.65 and a 52 week high of $130.22. The firm’s 50-day simple moving average is $117.54 and its two-hundred day simple moving average is $108.19.

Insider Transactions at MasTec

In related news, COO Robert E. Apple sold 20,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $126.27, for a total value of $2,525,400.00. Following the transaction, the chief operating officer now owns 217,202 shares of the company’s stock, valued at $27,426,096.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other MasTec news, COO Robert E. Apple sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $126.27, for a total value of $2,525,400.00. Following the completion of the sale, the chief operating officer now owns 217,202 shares of the company’s stock, valued at $27,426,096.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert E. Apple sold 800 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $130.04, for a total transaction of $104,032.00. Following the transaction, the chief operating officer now owns 216,402 shares in the company, valued at $28,140,916.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,800 shares of company stock valued at $2,978,212. Insiders own 21.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MTZ shares. KeyCorp lifted their price objective on shares of MasTec from $123.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Stifel Nicolaus lifted their price target on MasTec from $121.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. DA Davidson increased their price objective on MasTec from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, August 5th. UBS Group lifted their target price on MasTec from $129.00 to $147.00 and gave the company a “buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group upped their price target on MasTec from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, MasTec has an average rating of “Moderate Buy” and an average price target of $134.00.

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.