MasTec (NYSE:MTZ – Get Rating) posted its quarterly earnings data on Thursday. The construction company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.17, MarketWatch Earnings reports. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.79 billion. MasTec had a net margin of 4.14% and a return on equity of 17.24%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 earnings per share. MasTec updated its Q2 guidance to $0.72 EPS and its FY22 guidance to $4.22-4.47 EPS.
MTZ traded up $2.59 during trading hours on Friday, hitting $77.03. 1,748,068 shares of the stock were exchanged, compared to its average volume of 504,500. The stock has a 50-day simple moving average of $80.55 and a 200-day simple moving average of $87.68. MasTec has a 12 month low of $70.72 and a 12 month high of $122.33. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 24.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.61 and a quick ratio of 1.56.
A number of analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of MasTec from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Monday, February 28th. Craig Hallum dropped their price objective on shares of MasTec from $139.00 to $108.00 in a research note on Monday, February 28th. Credit Suisse Group reduced their price target on MasTec from $130.00 to $114.00 and set an “outperform” rating for the company in a report on Monday, February 28th. Zacks Investment Research downgraded MasTec from a “hold” rating to a “sell” rating and set a $76.00 price target for the company. in a report on Monday, May 2nd. Finally, StockNews.com initiated coverage on MasTec in a report on Thursday, March 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, MasTec has a consensus rating of “Buy” and a consensus price target of $114.10.
About MasTec (Get Rating)
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 Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments.
- Get a free copy of the StockNews.com research report on MasTec (MTZ)
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