Q1 Earnings Estimate for MasTec Issued By DA Davidson

MasTec, Inc. (NYSE:MTZ) – Research analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of MasTec in a report released on Tuesday, March 4th. DA Davidson analyst B. Thielman forecasts that the construction company will post earnings per share of $0.26 for the quarter. The consensus estimate for MasTec’s current full-year earnings is $3.44 per share.

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

MTZ has been the subject of a number of other research reports. Barclays upped their price objective on shares of MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday. Citigroup lifted their price objective on MasTec from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday. Truist Financial increased their target price on MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Robert W. Baird reduced their price target on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating for the company in a report on Monday. Finally, Guggenheim began coverage on shares of MasTec in a research report on Wednesday, January 8th. They set a “buy” rating and a $195.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.14.

MasTec Trading Up 3.3 %

NYSE MTZ opened at $128.03 on Wednesday. MasTec has a 12 month low of $82.29 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 market capitalization of $10.14 billion, a PE ratio of 114.31 and a beta of 1.73. The stock has a 50-day simple moving average of $141.10 and a 200 day simple moving average of $131.97.

Hedge Funds Weigh In On MasTec

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

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.