MasTec (NYSE:MTZ) will be releasing its earnings data after the market closes on Thursday, November 1st. Analysts expect MasTec to post earnings of $1.19 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
MasTec (NYSE:MTZ) last issued its earnings results on Thursday, August 2nd. The construction company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.79 billion. MasTec had a net margin of 5.05% and a return on equity of 14.84%. The company’s revenue was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 earnings per share. On average, analysts expect MasTec to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of MTZ stock opened at $43.06 on Wednesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.82 and a quick ratio of 1.74. The firm has a market cap of $3.31 billion, a P/E ratio of 15.77, a PEG ratio of 1.46 and a beta of 1.56. MasTec has a 12 month low of $39.83 and a 12 month high of $55.53.
A number of brokerages recently commented on MTZ. Canaccord Genuity reiterated a “buy” rating and set a $65.00 target price on shares of MasTec in a research note on Friday, August 3rd. ValuEngine downgraded shares of MasTec from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Zacks Investment Research downgraded shares of MasTec from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Finally, Robert W. Baird upgraded shares of MasTec from a “neutral” rating to an “outperform” rating and set a $51.00 target price for the company in a research note on Tuesday, August 7th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $60.55.
MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.
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