MasTec (MTZ) Scheduled to Post Quarterly Earnings on Thursday

MasTec (NYSE:MTZ) is set to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.34) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, February 29th. The construction company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.20. MasTec had a negative net margin of 0.42% and a positive return on equity of 4.82%. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.26 billion. On average, analysts expect MasTec to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

MasTec Stock Down 1.6 %

MTZ stock opened at $85.18 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.36. MasTec has a 1-year low of $44.65 and a 1-year high of $123.33. The firm has a fifty day moving average price of $84.97 and a two-hundred day moving average price of $71.79. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of -129.06 and a beta of 1.62.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. TD Cowen upped their price target on shares of MasTec from $85.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Barclays upped their price target on shares of MasTec from $55.00 to $106.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Craig Hallum raised shares of MasTec from a “hold” rating to a “buy” rating and upped their price objective for the company from $50.00 to $96.00 in a research note on Monday, March 4th. UBS Group upped their target price on MasTec from $89.00 to $92.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Robert W. Baird upped their target price on MasTec from $70.00 to $89.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.85.

MasTec Company Profile

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.