Equities research analysts expect MasTec, Inc. (NYSE:MTZ) to announce earnings per share of $0.37 for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for MasTec’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.36. MasTec posted earnings of $0.70 per share in the same quarter last year, which indicates a negative year over year growth rate of 47.1%. The firm is scheduled to report its next earnings results after the market closes on Tuesday, February 27th.
On average, analysts expect that MasTec will report full year earnings of $2.81 per share for the current year, with EPS estimates ranging from $2.80 to $2.84. For the next year, analysts anticipate that the business will report earnings of $3.25 per share, with EPS estimates ranging from $2.99 to $3.68. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for MasTec.
Several equities analysts have recently weighed in on MTZ shares. Stifel Nicolaus lifted their price objective on MasTec from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, January 26th. B. Riley reaffirmed a “buy” rating and issued a $67.00 price objective (up from $66.00) on shares of MasTec in a research note on Tuesday, November 7th. Citigroup set a $54.00 price objective on MasTec and gave the company a “buy” rating in a research note on Friday, October 27th. Craig Hallum lifted their price objective on MasTec from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research raised MasTec from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Wednesday, January 3rd. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $58.94.
In related news, COO Robert E. Apple sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $55.07, for a total transaction of $1,376,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 20.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. acquired a new position in MasTec during the 4th quarter worth approximately $107,000. FNY Partners Fund LP purchased a new stake in MasTec during the 4th quarter worth approximately $122,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in MasTec by 81.6% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,624 shares of the construction company’s stock worth $128,000 after purchasing an additional 1,179 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in MasTec during the 4th quarter worth approximately $146,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in MasTec by 53.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,387 shares of the construction company’s stock worth $166,000 after purchasing an additional 1,175 shares during the last quarter. 74.36% of the stock is currently owned by hedge funds and other institutional investors.
MasTec (NYSE:MTZ) traded up $0.40 during midday trading on Wednesday, hitting $51.00. The stock had a trading volume of 722,900 shares, compared to its average volume of 787,142. The firm has a market cap of $4,220.00, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.17 and a beta of 1.49. MasTec has a fifty-two week low of $35.75 and a fifty-two week high of $55.53. The company has a quick ratio of 1.66, a current ratio of 1.74 and a debt-to-equity ratio of 0.92.
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MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
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