Should I buy or sell MasTec stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MasTec in the last twelve months. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MTZ shares. View MTZ analyst ratings or view top-rated stocks .

What is MasTec's stock price target for 2024?

12 Wall Street analysts have issued 1 year price objectives for MasTec's shares. Their MTZ share price targets range from $61.00 to $130.00. On average, they expect the company's share price to reach $96.46 in the next year. This suggests a possible upside of 13.8% from the stock's current price. View analysts price targets for MTZ or view top-rated stocks among Wall Street analysts .

How have MTZ shares performed in 2024?

MasTec's stock was trading at $75.72 at the start of the year. Since then, MTZ shares have increased by 11.9% and is now trading at $84.73. View the best growth stocks for 2024 here .

Are investors shorting MasTec?

MasTec saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 3,390,000 shares, a drop of 15.9% from the February 29th total of 4,030,000 shares. Based on an average daily trading volume, of 958,900 shares, the short-interest ratio is currently 3.5 days. Approximately 5.5% of the company's shares are sold short. View MasTec's Short Interest .

When is MasTec's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our MTZ earnings forecast .

How can I listen to MasTec's earnings call?

MasTec will be holding an earnings conference call on Friday, May 3rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were MasTec's earnings last quarter?

MasTec, Inc. (NYSE:MTZ) announced its quarterly earnings data on Thursday, February, 29th. The construction company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.37 by $0.20. The construction company had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.26 billion. MasTec had a negative net margin of 0.42% and a positive trailing twelve-month return on equity of 4.82%.

What ETFs hold MasTec's stock?

ETFs with the largest weight of MasTec (NYSE:MTZ) stock in their portfolio include First Trust RBA American Industrial RenaissanceTM ETF (AIRR) , Inspire Faithward Mid Cap Momentum ETF (GLRY) , Touchstone Climate Transition ETF (HEAT) , Invesco S&P MidCap 400 Pure Value ETF (RFV) , First Trust US Equity Opportunities ETF (FPX) , Vanguard S&P Mid-Cap 400 Value ETF (IVOV) , Global X U.S. Infrastructure Development ETF (PAVE) and Invesco S&P MidCap 400 Revenue ETF (RWK) .

What guidance has MasTec issued on next quarter's earnings?

MasTec updated its first quarter 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share (EPS) guidance of -0.480--0.480 for the period, compared to the consensus estimate of -0.200. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.7 billion.

What is José R. Mas' approval rating as MasTec's CEO?

210 employees have rated MasTec Chief Executive Officer José R. Mas on Glassdoor.com . José R. Mas has an approval rating of 61% among the company's employees. This puts José R. Mas in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of MasTec own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MasTec investors own include Micron Technology (MU) , NVIDIA (NVDA) , Intel (INTC) , Advanced Micro Devices (AMD) , AT&T (T) , Bank of America (BAC) , Cisco Systems (CSCO) , Johnson & Johnson (JNJ) , CVS Health (CVS) and Walt Disney (DIS) .

Who are MasTec's major shareholders?

MasTec's stock is owned by a number of retail and institutional investors. Top institutional investors include Bridge City Capital LLC (0.04%), Thompson Investment Management Inc. (0.01%) and Bangor Savings Bank (0.00%). Insiders that own company stock include C Robert Campbell , Paul Dimarco and Timothy Michael Love. View institutional ownership trends .

How do I buy shares of MasTec?

Shares of MTZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:MTZ

MasTec (MTZ) Stock Price, News & Analysis

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$84.73

-3.23 (-3.67%)

(As of 04/15/2024 ET)

Compare

Today's Range: $84.20
▼
$90.11
50-Day Range: $68.65
▼
$94.98
52-Week Range: $44.65
▼
$123.33

Volume: 961,798 shs
Average Volume: 938,940 shs
Market Capitalization: $6.74 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $96.46

Get MasTec alerts:

MasTec MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 13.8% Upside
$96.46 Price Target
Short Interest: Healthy
5.05% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.29
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 59.66%
From $2.33 to $3.72 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.74 out of 5 stars

Construction Sector

59th out of 100 stocks

Water, Sewer, & Utility Lines Industry

3rd out of 5 stocks

3.4

Analyst's Opinion

Consensus Rating
MasTec has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
MasTec has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
5.05% of the float of MasTec has been sold short.
Short Interest Ratio / Days to Cover
MasTec has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in MasTec has recently decreased by 7.96%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
MasTec does not currently pay a dividend.
Dividend Growth
MasTec does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MTZ.

2.9

News and Social Media Coverage

News Sentiment
MasTec has a news sentiment score of 1.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for MasTec this week, compared to 4 articles on an average week.
Search Interest
Only 3 people have searched for MTZ on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added MasTec to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MasTec insiders have not sold or bought any company stock.
Percentage Held by Insiders
21.30% of the stock of MasTec is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
78.10% of the stock of MasTec is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for MasTec are expected to grow by 59.66% in the coming year, from $2.33 to $3.72 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MasTec is -128.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of MasTec is -128.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
MasTec has a P/B Ratio of 2.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About MasTec Stock (NYSE:MTZ)

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. The company build infrastructure for wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy power generation; pipeline infrastructure, including natural gas, water, carbon capture sequestration, and other product transport; power delivery services, such as electrical and gas transmission, and distribution systems; industrial and heavy civil infrastructure, including roads, bridges, and rail; and water infrastructure. It also installs electrical and other gas distribution and transmission systems, power generation, power generation, civil and industrial facilities, pipelines, and fiber optic and other cables, as well as install-to-the-home services. In addition, the company offers maintenance and upgrade support services comprising maintenance of customers' distribution facilities, networks, and infrastructure, including communications, power generation, pipeline, electrical distribution and transmission, and civil and industrial and heavy civil infrastructure; service restoration for natural disasters and accidents; and routine replacements and upgrades to overhauls. Its customers include wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, public and private energy providers, including renewable and other energy providers, pipeline operators, civil and industrial infrastructure providers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.

MTZ Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MTZ Stock News Headlines

April 11, 2024 | prnewswire.com

MasTec Schedules First Quarter 2024 Earnings Release and Conference Call

April 7, 2024 | nasdaq.com

Validea Detailed Fundamental Analysis - MTZ

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March 26, 2024 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: Norfolk Southern (NSC), Deere (DE) and MasTec (MTZ)

March 26, 2024 | benzinga.com

A Closer Look at MasTec's Options Market Dynamics

April 16, 2024 | Porter & Company (Ad)

The #1 Investment of the Decade…

March 16, 2024 | ca.finance.yahoo.com

SUM Dec 2024 35.000 put

March 16, 2024 | ca.finance.yahoo.com

MTZ Dec 2024 110.000 put

March 15, 2024 | ca.finance.yahoo.com

MTZ Apr 2024 100.000 call

March 6, 2024 | finance.yahoo.com

MasTec, Inc. (NYSE:MTZ) Q4 2023 Earnings Call Transcript

March 4, 2024 | markets.businessinsider.com

What Analysts Are Saying About MasTec Stock

March 4, 2024 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: Crane NXT (CXT) and MasTec (MTZ)

March 4, 2024 | markets.businessinsider.com

These Analysts Increase Their Forecasts On MasTec Following Q4 Results

March 4, 2024 | finance.yahoo.com

Company News for Mar 4, 2024

March 3, 2024 | finance.yahoo.com

MasTec Full Year 2023 Earnings: EPS Beats Expectations

March 3, 2024 | seekingalpha.com

MasTec, Inc. (MTZ) Q4 2023 Earnings Call Transcript

March 2, 2024 | gurufocus.com

Q4 2023 MasTec Inc Earnings Call Transcript

March 1, 2024 | fool.com

Why MasTec Stock Is Gaining Ground Today

March 1, 2024 | finanznachrichten.de

MasTec, Inc.: MasTec Announces Fourth Quarter and Annual 2023 Financial Results and Provides Initial 2024 Guidance

March 1, 2024 | finance.yahoo.com

MasTec Inc (MTZ) Reports Mixed 2023 Financial Results and Sets 2024 Guidance

February 29, 2024 | washingtonpost.com

MasTec: Q4 Earnings Snapshot

February 29, 2024 | prnewswire.com

MasTec Announces Fourth Quarter and Annual 2023 Financial Results and Provides Initial 2024 Guidance

February 28, 2024 | benzinga.com

MasTec's Earnings: A Preview

February 28, 2024 | markets.businessinsider.com

MasTec is about to announce earnings — here's what Wall Street expects

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/15/2024
Next Earnings (Confirmed): 5/02/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Construction
Industry: Water, sewer, & utility lines
Sub-Industry: Construction & Engineering
Current Symbol: NYSE:MTZ
CUSIP: 57632310
CIK: 15615
Web: www.mastec.com
Phone: (305) 599-1800
Fax: 305-406-1960
Employees: 34,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $96.46
High Stock Price Target: $130.00
Low Stock Price Target: $61.00
Potential Upside/Downside: +13.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.66)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 36.36
P/E Growth: N/A
Net Income: $-49,950,000.00
Net Margins: -0.42%
Pretax Margin: -0.69%
Return on Equity: 4.82%
Return on Assets: 1.39%

Debt

Debt-to-Equity Ratio: 1.06
Current Ratio: 1.40
Quick Ratio: 1.36

Sales & Book Value

Annual Sales: $12.00 billion
Price / Sales: 0.56
Cash Flow: $8.97 per share
Price / Cash Flow: 9.45
Book Value: $34.52 per share
Price / Book: 2.45

Miscellaneous

Outstanding Shares: 79,490,000
Free Float: 62,558,000
Market Cap: $6.74 billion
Optionable: Optionable
Beta: 1.62

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Key Executives

Mr. Jose Ramon Mas (Age 53)
CEO & Director
Comp: $2.64M
Mr. Robert E. Apple (Age 74)
Chief Operating Officer
Comp: $1.6M
Mr. Alberto I. de Cardenas Esq. (Age 55)
Executive VP, General Counsel & Secretary
Comp: $952.49k
Mr. Paul Dimarco (Age 45)
Executive VP & CFO
Mr. T. Michael Love (Age 58)
Chief Accounting Officer
Mr. J. Marc Lewis
Vice President of Investor Relations
Mr. Gary L. Smith
Senior Vice President of Communications Group
Mr. Pablo A. Alvarez
Group President of MasTec Brazil

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MTZ Stock Analysis - Frequently Asked Questions

Should I buy or sell MasTec stock right now?: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MasTec in the last twelve months. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MTZ shares.
View MTZ analyst ratings or view top-rated stocks.
What is MasTec's stock price target for 2024?: 12 Wall Street analysts have issued 1 year price objectives for MasTec's shares. Their MTZ share price targets range from $61.00 to $130.00. On average, they expect the company's share price to reach $96.46 in the next year. This suggests a possible upside of 13.8% from the stock's current price.
View analysts price targets for MTZ or view top-rated stocks among Wall Street analysts.
How have MTZ shares performed in 2024?: MasTec's stock was trading at $75.72 at the start of the year. Since then, MTZ shares have increased by 11.9% and is now trading at $84.73.
View the best growth stocks for 2024 here.
Are investors shorting MasTec?: MasTec saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 3,390,000 shares, a drop of 15.9% from the February 29th total of 4,030,000 shares. Based on an average daily trading volume, of 958,900 shares, the short-interest ratio is currently 3.5 days. Approximately 5.5% of the company's shares are sold short.
View MasTec's Short Interest.
When is MasTec's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our MTZ earnings forecast.
How can I listen to MasTec's earnings call?: MasTec will be holding an earnings conference call on Friday, May 3rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were MasTec's earnings last quarter?: MasTec, Inc. (NYSE:MTZ) announced its quarterly earnings data on Thursday, February, 29th. The construction company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.37 by $0.20. The construction company had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.26 billion. MasTec had a negative net margin of 0.42% and a positive trailing twelve-month return on equity of 4.82%.

What ETFs hold MasTec's stock?: ETFs with the largest weight of MasTec (NYSE:MTZ) stock in their portfolio include First Trust RBA American Industrial RenaissanceTM ETF (AIRR), Inspire Faithward Mid Cap Momentum ETF (GLRY), Touchstone Climate Transition ETF (HEAT), Invesco S&P MidCap 400 Pure Value ETF (RFV), First Trust US Equity Opportunities ETF (FPX), Vanguard S&P Mid-Cap 400 Value ETF (IVOV), Global X U.S. Infrastructure Development ETF (PAVE) and Invesco S&P MidCap 400 Revenue ETF (RWK).
What guidance has MasTec issued on next quarter's earnings?: MasTec updated its first quarter 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share (EPS) guidance of -0.480--0.480 for the period, compared to the consensus estimate of -0.200. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.7 billion.
What is José R. Mas' approval rating as MasTec's CEO?: 210 employees have rated MasTec Chief Executive Officer José R. Mas on Glassdoor.com. José R. Mas has an approval rating of 61% among the company's employees. This puts José R. Mas in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of MasTec own?: Based on aggregate information from My MarketBeat watchlists, some companies that other MasTec investors own include Micron Technology (MU), NVIDIA (NVDA), Intel (INTC), Advanced Micro Devices (AMD), AT&T (T), Bank of America (BAC), Cisco Systems (CSCO), Johnson & Johnson (JNJ), CVS Health (CVS) and Walt Disney (DIS).
Who are MasTec's major shareholders?: MasTec's stock is owned by a number of retail and institutional investors. Top institutional investors include Bridge City Capital LLC (0.04%), Thompson Investment Management Inc. (0.01%) and Bangor Savings Bank (0.00%). Insiders that own company stock include C Robert Campbell, Paul Dimarco and Timothy Michael Love.
View institutional ownership trends.
How do I buy shares of MasTec?: Shares of MTZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MTZ) was last updated on 4/16/2024 by MarketBeat.com Staff

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MasTec (MTZ) Stock Price, News & Analysis

MasTec MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About MasTec Stock (NYSE:MTZ)

MTZ Stock Price History

MTZ Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MTZ Stock Analysis - Frequently Asked Questions

Overall MarketRank^™