DA Davidson Has Negative Estimate for MasTec FY2025 Earnings

MasTec, Inc. (NYSE:MTZ) – Equities researchers at DA Davidson reduced their FY2025 earnings estimates for MasTec in a research report issued on Tuesday, March 4th. DA Davidson analyst B. Thielman now expects that the construction company will post earnings of $5.33 per share for the year, down from their prior estimate of $5.34. The consensus estimate for MasTec’s current full-year earnings is $3.44 per share. DA Davidson also issued estimates for MasTec’s FY2026 earnings at $5.81 EPS.

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

MTZ has been the subject of several other reports. KeyCorp increased their price objective on MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Stifel Nicolaus lowered their price target on shares of MasTec from $185.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday. Robert W. Baird cut their price objective on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating for the company in a report on Monday. Guggenheim initiated coverage on MasTec in a report on Wednesday, January 8th. They set a “buy” rating and a $195.00 target price on the stock. Finally, Citigroup increased their price target on MasTec from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, MasTec presently has an average rating of “Moderate Buy” and an average target price of $160.14.

MasTec Price Performance

Shares of MasTec stock opened at $118.79 on Thursday. The stock has a market capitalization of $9.41 billion, a P/E ratio of 106.06 and a beta of 1.73. The business has a 50 day simple moving average of $140.89 and a two-hundred day simple moving average of $131.95. MasTec has a 12 month low of $82.29 and a 12 month high of $166.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20.

Hedge Funds Weigh In On MasTec

Large investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new stake in MasTec in the third quarter valued at approximately $25,000. Ameliora Wealth Management Ltd. acquired a new position in MasTec in the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC lifted its holdings in MasTec by 181.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock worth $25,000 after buying an additional 116 shares in the last quarter. Colonial Trust Co SC boosted its position in MasTec by 335.7% in the 4th quarter. Colonial Trust Co SC now owns 183 shares of the construction company’s stock valued at $25,000 after buying an additional 141 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in MasTec by 93.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company’s stock valued at $36,000 after purchasing an additional 128 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

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.