DA Davidson Has Positive Outlook for MasTec FY2025 Earnings

MasTec, Inc. (NYSE:MTZ) – Investment analysts at DA Davidson increased their FY2025 earnings per share estimates for MasTec in a report issued on Tuesday, May 6th. DA Davidson analyst B. Thielman now forecasts that the construction company will earn $5.81 per share for the year, up from their previous estimate of $5.33. The consensus estimate for MasTec’s current full-year earnings is $3.44 per share. DA Davidson also issued estimates for MasTec’s FY2026 earnings at $6.12 EPS.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, May 1st. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.17. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.71 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.13) EPS.

Several other research analysts have also weighed in on the company. Guggenheim reiterated a “buy” rating and set a $195.00 target price on shares of MasTec in a report on Monday. Truist Financial lifted their price objective on shares of MasTec from $154.00 to $184.00 and gave the company a “buy” rating in a research report on Monday. KeyCorp lifted their price objective on shares of MasTec from $140.00 to $163.00 and gave the stock an “overweight” rating in a research report on Monday. Barclays increased their price objective on MasTec from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Finally, Citigroup upped their target price on MasTec from $152.00 to $170.00 and gave the company a “buy” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $160.33.

MasTec Price Performance

Shares of MTZ opened at $147.59 on Thursday. MasTec has a 1 year low of $89.96 and a 1 year 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 stock has a market cap of $11.65 billion, a P/E ratio of 131.78 and a beta of 1.71. The stock’s 50-day moving average price is $121.80 and its two-hundred day moving average price is $133.10.

Insiders Place Their Bets

In other MasTec news, Director Ernst N. Csiszar sold 2,517 shares of MasTec stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $131.63, for a total value of $331,312.71. Following the completion of the sale, the director now directly owns 23,000 shares in the company, valued at approximately $3,027,490. The trade was a 9.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 21.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTZ. Blueshift Asset Management LLC purchased a new position in MasTec during the first quarter worth about $225,000. TradeLink Capital LLC increased its position in shares of MasTec by 113.8% in the first quarter. TradeLink Capital LLC now owns 4,634 shares of the construction company’s stock worth $540,000 after purchasing an additional 2,467 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of MasTec by 3.3% during the 1st quarter. Natixis Advisors LLC now owns 12,327 shares of the construction company’s stock worth $1,439,000 after acquiring an additional 398 shares during the last quarter. Bayforest Capital Ltd boosted its stake in MasTec by 294.3% in the first quarter. Bayforest Capital Ltd now owns 6,419 shares of the construction company’s stock worth $749,000 after buying an additional 4,791 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in shares of MasTec by 701.5% in the first quarter. XTX Topco Ltd now owns 19,429 shares of the construction company’s stock worth $2,268,000 after buying an additional 17,005 shares during the period. Institutional investors own 78.10% of the company’s stock.

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.